West Bancorporation, Inc. (NASDAQ:WTBA) is Legacy Bridge LLC’s 2nd Largest Position

Legacy Bridge LLC reduced its stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 292,576 shares of the financial services provider’s stock after selling 9,943 shares during the quarter. West Bancorporation accounts for approximately 3.0% of Legacy Bridge LLC’s portfolio, making the stock its 2nd largest holding. Legacy Bridge LLC owned about 1.74% of West Bancorporation worth $5,562,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WTBA. Aptus Capital Advisors LLC increased its position in shares of West Bancorporation by 24.8% in the second quarter. Aptus Capital Advisors LLC now owns 199,435 shares of the financial services provider’s stock valued at $3,570,000 after acquiring an additional 39,675 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in West Bancorporation by 280.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 48,424 shares of the financial services provider’s stock worth $867,000 after buying an additional 35,680 shares during the period. Vanguard Group Inc. grew 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 buying an additional 21,604 shares during the last quarter. Choreo LLC bought a new stake in shares of West Bancorporation in the 2nd quarter worth approximately $267,000. Finally, Quadrature Capital Ltd purchased a new position in shares of West Bancorporation during the first quarter valued at approximately $196,000. Hedge funds and other institutional investors own 44.30% of the company’s stock.

Insider Activity at West Bancorporation

In other news, Director Douglas R. Gulling sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $23.61, for a total value of $94,440.00. Following the sale, the director now directly owns 80,709 shares of the company’s stock, valued at $1,905,539.49. The trade was a 4.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.48% of the stock is currently owned by corporate insiders.

West Bancorporation Stock Down 1.8 %

WTBA stock opened at $23.58 on Tuesday. West Bancorporation, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $24.85. The company has a market capitalization of $396.85 million, a price-to-earnings ratio of 18.42 and a beta of 0.95. The business’s 50 day moving average price is $20.40 and its two-hundred day moving average price is $19.02. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $50.97 million for the quarter, compared to analysts’ expectations of $20.00 million. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. During the same period in the prior year, the firm earned $0.35 earnings per share. As a group, analysts forecast that West Bancorporation, Inc. will post 1.4 earnings per share for the current fiscal year.

West Bancorporation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.24%. West Bancorporation’s payout ratio is 78.13%.

Wall Street Analysts Forecast Growth

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

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.