De Lisle Partners LLP Buys 6,893 Shares of West Bancorporation, Inc. (NASDAQ:WTBA)

De Lisle Partners LLP increased its stake in West Bancorporation, Inc. (NASDAQ:WTBA) by 27.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,156 shares of the financial services provider’s stock after acquiring an additional 6,893 shares during the quarter. De Lisle Partners LLP owned about 0.19% of West Bancorporation worth $612,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of West Bancorporation by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 733,742 shares of the financial services provider’s stock worth $13,083,000 after purchasing an additional 21,604 shares during the period. Aptus Capital Advisors LLC lifted its holdings in West Bancorporation by 15.6% in the third quarter. Aptus Capital Advisors LLC now owns 230,629 shares of the financial services provider’s stock valued at $4,384,000 after buying an additional 31,194 shares during the period. Renaissance Technologies LLC boosted its position in West Bancorporation by 3.9% during the second quarter. Renaissance Technologies LLC now owns 216,752 shares of the financial services provider’s stock valued at $3,880,000 after acquiring an additional 8,200 shares during the last quarter. Bank of New York Mellon Corp boosted its position in West Bancorporation by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 120,264 shares of the financial services provider’s stock valued at $2,153,000 after acquiring an additional 3,945 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in West Bancorporation by 280.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 48,424 shares of the financial services provider’s stock worth $867,000 after acquiring an additional 35,680 shares during the period. 44.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler upped their target price on West Bancorporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. StockNews.com raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

Insider Buying and Selling at West Bancorporation

In other news, Director Douglas R. Gulling sold 4,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $23.61, for a total transaction of $94,440.00. Following the transaction, the director now owns 80,709 shares of the company’s stock, valued at $1,905,539.49. This represents a 4.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.48% of the stock is owned by corporate insiders.

West Bancorporation Price Performance

Shares of NASDAQ WTBA opened at $23.99 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.86. The firm’s 50-day moving average price is $21.26 and its 200-day moving average price is $19.41. The firm has a market capitalization of $403.75 million, a P/E ratio of 18.74 and a beta of 0.95. West Bancorporation, Inc. has a 1-year low of $15.80 and a 1-year high of $24.85.

West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. West Bancorporation had a net margin of 11.17% and a return on equity of 9.46%. The firm had revenue of $50.97 million for the quarter, compared to analyst estimates of $20.00 million. During the same period last year, the firm earned $0.35 earnings per share. Equities research analysts anticipate that West Bancorporation, Inc. will post 1.4 earnings per share for the current fiscal year.

West Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.25 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $1.00 annualized dividend and a yield of 4.17%. West Bancorporation’s payout ratio is 78.13%.

About West Bancorporation

West Bancorporation, Inc operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.