West Bancorporation, Inc. (WTBA) Shares Bought by Pacific Ridge Capital Partners LLC
Pacific Ridge Capital Partners LLC lifted its position in West Bancorporation, Inc. (NASDAQ:WTBA) by 13.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 203,761 shares of the financial services provider’s stock after buying an additional 24,236 shares during the quarter. West Bancorporation makes up 1.2% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 25th largest holding. Pacific Ridge Capital Partners LLC owned approximately 1.25% of West Bancorporation worth $4,788,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new stake in shares of West Bancorporation in the 3rd quarter valued at $541,000. Millennium Management LLC purchased a new stake in shares of West Bancorporation in the 1st quarter valued at $551,000. Bank of America Corp DE raised its holdings in shares of West Bancorporation by 23.3% in the 2nd quarter. Bank of America Corp DE now owns 76,794 shares of the financial services provider’s stock valued at $1,931,000 after buying an additional 14,488 shares during the period. Acadian Asset Management LLC raised its holdings in shares of West Bancorporation by 14.5% in the 2nd quarter. Acadian Asset Management LLC now owns 26,546 shares of the financial services provider’s stock valued at $668,000 after buying an additional 3,364 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of West Bancorporation by 1.4% in the 2nd quarter. BlackRock Inc. now owns 903,226 shares of the financial services provider’s stock valued at $22,718,000 after buying an additional 12,247 shares during the period. Hedge funds and other institutional investors own 33.22% of the company’s stock.
Several brokerages have weighed in on WTBA. BidaskClub upgraded West Bancorporation from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Robert W. Baird began coverage on West Bancorporation in a report on Tuesday, October 16th. They set an “outperform” rating and a $27.00 price target on the stock. Finally, ValuEngine downgraded West Bancorporation from a “hold” rating to a “sell” rating in a report on Thursday, October 18th.
NASDAQ WTBA traded up $0.05 during trading hours on Friday, hitting $19.80. 369 shares of the company were exchanged, compared to its average volume of 18,206. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87. West Bancorporation, Inc. has a 52-week low of $19.50 and a 52-week high of $26.95. The company has a market cap of $319.55 million, a price-to-earnings ratio of 12.77 and a beta of 0.73.
West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.02). West Bancorporation had a return on equity of 15.36% and a net margin of 28.41%. The company had revenue of $17.80 million for the quarter, compared to analysts’ expectations of $18.13 million. Equities research analysts anticipate that West Bancorporation, Inc. will post 1.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.80 annualized dividend and a yield of 4.04%. West Bancorporation’s dividend payout ratio (DPR) is 51.61%.
About West Bancorporation
West Bancorporation, Inc operates as the holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.
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