West Bancorporation, Inc. (NASDAQ:WTBA) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. cut its stake in shares of West Bancorporation, Inc. (NASDAQ:WTBAGet Rating) by 5.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,803 shares of the financial services provider’s stock after selling 1,051 shares during the period. Baird Financial Group Inc. owned approximately 0.12% of West Bancorporation worth $482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WTBA. Advisor Group Holdings Inc. lifted its position in West Bancorporation by 476.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 18,132 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 14,984 shares in the last quarter. Aptus Capital Advisors LLC raised its position in shares of West Bancorporation by 6.8% in the 1st quarter. Aptus Capital Advisors LLC now owns 98,811 shares of the financial services provider’s stock valued at $2,689,000 after purchasing an additional 6,300 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of West Bancorporation by 1.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 25,809 shares of the financial services provider’s stock valued at $703,000 after purchasing an additional 459 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of West Bancorporation by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 129,574 shares of the financial services provider’s stock valued at $3,526,000 after purchasing an additional 2,006 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of West Bancorporation by 27.8% in the 1st quarter. American Century Companies Inc. now owns 67,511 shares of the financial services provider’s stock valued at $1,837,000 after purchasing an additional 14,700 shares in the last quarter. 41.13% of the stock is owned by institutional investors and hedge funds.

West Bancorporation Stock Performance

Shares of WTBA opened at $22.74 on Tuesday. West Bancorporation, Inc. has a 52-week low of $20.39 and a 52-week high of $34.24. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.29. The firm has a market cap of $378.39 million, a price-to-earnings ratio of 7.76 and a beta of 0.96. The business’s 50 day moving average is $22.02 and its two-hundred day moving average is $23.68.

West Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.40%. West Bancorporation’s dividend payout ratio (DPR) is 34.13%.

Analysts Set New Price Targets

WTBA has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on West Bancorporation in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Piper Sandler cut their target price on West Bancorporation to $23.00 in a research report on Thursday, September 29th.

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.

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

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