West Bancorporation, Inc. (NASDAQ:WTBA) Shares Sold by Nisa Investment Advisors LLC

Posted by MarketBeat News on Aug 1st, 2022

Nisa Investment Advisors LLC cut its position in shares of West Bancorporation, Inc. (NASDAQ:WTBA – Get Rating) by 27.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,400 shares of the financial services provider’s stock after selling 530 shares during the quarter. Nisa Investment Advisors LLC’s holdings in West Bancorporation were worth $38,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in shares of West Bancorporation by 2.7% in the fourth quarter. Renaissance Technologies LLC now owns 285,251 shares of the financial services provider’s stock valued at $8,863,000 after purchasing an additional 7,399 shares during the period. Aptus Capital Advisors LLC grew its position in shares of West Bancorporation by 23.6% during the fourth quarter. Aptus Capital Advisors LLC now owns 92,511 shares of the financial services provider’s stock worth $2,874,000 after buying an additional 17,640 shares in the last quarter. West Bancorporation Inc. acquired a new stake in shares of West Bancorporation during the fourth quarter worth approximately $1,788,000. American Century Companies Inc. grew its position in shares of West Bancorporation by 33.7% during the fourth quarter. American Century Companies Inc. now owns 52,811 shares of the financial services provider’s stock worth $1,641,000 after buying an additional 13,306 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in West Bancorporation in the fourth quarter worth $627,000. 39.75% of the stock is owned by institutional investors and hedge funds.

West Bancorporation Stock Performance

West Bancorporation stock opened at $26.01 on Monday. West Bancorporation, Inc. has a 12 month low of $22.47 and a 12 month high of $34.50. The company has a market cap of $432.57 million, a PE ratio of 8.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.84. The company has a fifty day moving average price of $24.30 and a two-hundred day moving average price of $26.50.

West Bancorporation (NASDAQ:WTBA – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. West Bancorporation had a net margin of 43.35% and a return on equity of 20.50%. During the same quarter in the prior year, the business earned $0.79 earnings per share. Research analysts expect that West Bancorporation, Inc. will post 2.73 earnings per share for the current year.

West Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Tuesday, August 9th. West Bancorporation’s dividend payout ratio is currently 32.89%.

About West Bancorporation

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West Bancorporation, Inc operates as the financial 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 accepts various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.