West Bancorporation, Inc. (WTBA) Position Boosted by Brandywine Global Investment Management LLC
Brandywine Global Investment Management LLC boosted its position in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 37.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,525 shares of the financial services provider’s stock after acquiring an additional 2,059 shares during the period. Brandywine Global Investment Management LLC’s holdings in West Bancorporation were worth $190,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Opus Capital Group LLC purchased a new position in West Bancorporation during the fourth quarter valued at approximately $244,000. Ramsey Quantitative Systems purchased a new position in West Bancorporation during the fourth quarter valued at approximately $112,000. State Street Corp grew its stake in West Bancorporation by 9.6% during the second quarter. State Street Corp now owns 285,650 shares of the financial services provider’s stock valued at $6,759,000 after acquiring an additional 25,123 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in West Bancorporation by 3.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 128,250 shares of the financial services provider’s stock valued at $3,225,000 after acquiring an additional 3,840 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in West Bancorporation by 56.9% during the third quarter. Wells Fargo & Company MN now owns 16,728 shares of the financial services provider’s stock valued at $408,000 after acquiring an additional 6,068 shares in the last quarter. 31.30% of the stock is owned by institutional investors.
West Bancorporation, Inc. (NASDAQ WTBA) opened at $26.00 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.67. West Bancorporation, Inc. has a 12 month low of $20.90 and a 12 month high of $28.00. The company has a market cap of $426.47, a P/E ratio of 16.97 and a beta of 0.99.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were paid a $0.18 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.72 dividend on an annualized basis and a yield of 2.77%. West Bancorporation’s dividend payout ratio is presently 51.06%.
In related news, Director Steven T. Schuler purchased 1,000 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was acquired at an average price of $25.45 per share, with a total value of $25,450.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at $25,450. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.27% of the stock is owned by insiders.
Separately, BidaskClub cut shares of West Bancorporation from a “buy” rating to a “hold” rating in a research note on Saturday, December 30th.
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West Bancorporation Company Profile
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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