Kennedy Capital Management Inc. Sells 4,930 Shares of West Bancorporation, Inc. (NASDAQ:WTBA)

Kennedy Capital Management Inc. decreased its stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,934 shares of the financial services provider’s stock after selling 4,930 shares during the period. Kennedy Capital Management Inc.’s holdings in West Bancorporation were worth $3,039,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Rhumbline Advisers grew its holdings in West Bancorporation by 43.6% during the 4th quarter. Rhumbline Advisers now owns 21,927 shares of the financial services provider’s stock valued at $419,000 after buying an additional 6,655 shares in the last quarter. Ramsey Quantitative Systems grew its holdings in West Bancorporation by 16.0% during the 4th quarter. Ramsey Quantitative Systems now owns 6,800 shares of the financial services provider’s stock valued at $130,000 after buying an additional 937 shares in the last quarter. Opus Capital Group LLC grew its holdings in West Bancorporation by 12.5% during the 4th quarter. Opus Capital Group LLC now owns 22,441 shares of the financial services provider’s stock valued at $429,000 after buying an additional 2,500 shares in the last quarter. California Public Employees Retirement System grew its holdings in West Bancorporation by 2.8% during the 4th quarter. California Public Employees Retirement System now owns 55,920 shares of the financial services provider’s stock valued at $1,068,000 after buying an additional 1,523 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in West Bancorporation by 6.5% during the 4th quarter. BlackRock Inc. now owns 964,526 shares of the financial services provider’s stock valued at $18,413,000 after buying an additional 59,208 shares in the last quarter. 37.31% of the stock is owned by institutional investors.

NASDAQ WTBA opened at $21.39 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.88. The company has a market cap of $349.40 million, a PE ratio of 12.56 and a beta of 0.75. West Bancorporation, Inc. has a one year low of $18.06 and a one year high of $26.55.

West Bancorporation (NASDAQ:WTBA) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The firm had revenue of $18.01 million for the quarter. West Bancorporation had a net margin of 28.99% and a return on equity of 14.86%.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a dividend of $0.21 per share. This is an increase from West Bancorporation’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Tuesday, May 7th. West Bancorporation’s dividend payout ratio is currently 48.55%.

A number of research analysts have recently commented on WTBA shares. BidaskClub upgraded West Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. ValuEngine downgraded West Bancorporation from a “hold” rating to a “sell” rating in a research report on Friday, March 15th.

In other news, Director Therese M. Vaughan bought 1,200 shares of the stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average cost of $21.40 per share, for a total transaction of $25,680.00. Following the transaction, the director now owns 4,218 shares of the company’s stock, valued at $90,265.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sean Patrick Mcmurray bought 8,397 shares of the stock in a transaction dated Friday, May 17th. The shares were purchased at an average price of $20.66 per share, with a total value of $173,482.02. Following the completion of the transaction, the director now directly owns 28,197 shares in the company, valued at approximately $582,550.02. The disclosure for this purchase can be found here. Insiders have bought a total of 14,597 shares of company stock valued at $305,612 over the last quarter. Corporate insiders own 3.08% of the company’s stock.

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West Bancorporation Profile

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 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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