Rhumbline Advisers Lowers Position in West Bancorporation (WTBA)
Rhumbline Advisers trimmed its holdings in shares of West Bancorporation (NASDAQ:WTBA) by 9.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,804 shares of the financial services provider’s stock after selling 1,955 shares during the quarter. Rhumbline Advisers owned 0.12% of West Bancorporation worth $445,000 as of its most recent filing with the SEC.
Separately, First Trust Advisors LP bought a new stake in West Bancorporation during the 2nd quarter worth approximately $600,000. 28.78% of the stock is owned by institutional investors.
Separately, BidaskClub cut West Bancorporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
Shares of West Bancorporation (NASDAQ:WTBA) opened at 24.70 on Friday. West Bancorporation has a 1-year low of $18.75 and a 1-year high of $25.05. The company has a market capitalization of $400.41 million, a PE ratio of 16.58 and a beta of 1.04. The company’s 50-day moving average price is $22.51 and its 200-day moving average price is $22.81.
West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. West Bancorporation had a return on equity of 14.41% and a net margin of 31.77%. The firm had revenue of $17.41 million for the quarter. On average, equities analysts expect that West Bancorporation will post $1.53 earnings per share for the current fiscal year.
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About West Bancorporation
West Bancorporation, Inc is a bank holding company. The Company owns West Bank, which is a business-focused community bank. The Company operates in three markets, which include central Iowa; eastern Iowa, which is the area including and surrounding Iowa City and Coralville, Iowa, and the Rochester, Minnesota, area.
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