West Bancorporation, Inc. (WTBA) Shares Sold by Martingale Asset Management L P

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Martingale Asset Management L P cut its holdings in West Bancorporation, Inc. (NASDAQ:WTBA) by 40.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,105 shares of the financial services provider’s stock after selling 19,915 shares during the quarter. Martingale Asset Management L P’s holdings in West Bancorporation were worth $556,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Ramsey Quantitative Systems raised its position in West Bancorporation by 16.0% in the fourth quarter. Ramsey Quantitative Systems now owns 6,800 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 937 shares in the last quarter. California Public Employees Retirement System raised its position in West Bancorporation by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 55,920 shares of the financial services provider’s stock worth $1,068,000 after acquiring an additional 1,523 shares in the last quarter. Opus Capital Group LLC raised its position in West Bancorporation by 12.5% in the fourth quarter. Opus Capital Group LLC now owns 22,441 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 2,500 shares in the last quarter. Bailard Inc. raised its position in West Bancorporation by 11.7% in the third quarter. Bailard Inc. now owns 28,602 shares of the financial services provider’s stock worth $672,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in West Bancorporation by 15.9% in the third quarter. Wells Fargo & Company MN now owns 26,027 shares of the financial services provider’s stock worth $612,000 after acquiring an additional 3,575 shares in the last quarter. Hedge funds and other institutional investors own 37.12% of the company’s stock.

NASDAQ WTBA opened at $21.51 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $353.61 million, a price-to-earnings ratio of 12.43 and a beta of 0.84. West Bancorporation, Inc. has a 1 year low of $18.06 and a 1 year high of $26.95.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The firm had revenue of $17.36 million for the quarter, compared to the consensus estimate of $17.43 million. West Bancorporation had a return on equity of 15.49% and a net margin of 30.80%. On average, sell-side analysts expect that West Bancorporation, Inc. will post 1.71 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 20th. Shareholders of record on Wednesday, February 6th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 5th. This represents a $0.80 annualized dividend and a yield of 3.72%. West Bancorporation’s payout ratio is presently 46.24%.

WTBA has been the topic of several research reports. ValuEngine upgraded shares of West Bancorporation from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of West Bancorporation from a “hold” rating to a “sell” rating in a research report on Thursday, December 20th. Finally, BidaskClub upgraded West Bancorporation from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th.

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West Bancorporation Company Profile

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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Institutional Ownership by Quarter for West Bancorporation (NASDAQ:WTBA)

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