Martingale Asset Management L P Cuts Stock Holdings in West Bancorporation, Inc. (NASDAQ:WTBA)

Martingale Asset Management L P cut its holdings in West Bancorporation, Inc. (NASDAQ:WTBA) by 15.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,700 shares of the financial services provider’s stock after selling 4,405 shares during the period. Martingale Asset Management L P owned 0.15% of West Bancorporation worth $511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WTBA. BNP Paribas Arbitrage SA raised its position in West Bancorporation by 782.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,326 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 2,949 shares during the period. Bremer Trust National Association purchased a new stake in West Bancorporation in the fourth quarter valued at approximately $69,000. Citigroup Inc. raised its position in West Bancorporation by 18.1% in the fourth quarter. Citigroup Inc. now owns 5,083 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 778 shares during the period. Metropolitan Life Insurance Co. NY raised its position in West Bancorporation by 343.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,351 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 4,144 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in West Bancorporation in the first quarter valued at approximately $129,000. Hedge funds and other institutional investors own 37.29% of the company’s stock.

A number of analysts have issued reports on the company. BidaskClub raised West Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. ValuEngine lowered West Bancorporation from a “hold” rating to a “sell” rating in a research report on Friday, March 15th.

Shares of West Bancorporation stock traded up $0.20 during trading hours on Friday, reaching $21.22. 269,689 shares of the company were exchanged, compared to its average volume of 24,314. West Bancorporation, Inc. has a 1 year low of $18.06 and a 1 year high of $26.51. The firm has a fifty day moving average of $21.22. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $343.84 million, a price-to-earnings ratio of 12.27 and a beta of 0.75.

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

In other West Bancorporation news, Director George D. Milligan bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of $21.29 per share, with a total value of $106,450.00. Following the completion of the acquisition, the director now directly owns 27,088 shares of the company’s stock, valued at approximately $576,703.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sean Patrick Mcmurray bought 8,397 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average cost of $20.66 per share, for a total transaction of $173,482.02. Following the acquisition, the director now directly owns 28,197 shares of the company’s stock, valued at $582,550.02. The disclosure for this purchase can be found here. Insiders have bought 14,597 shares of company stock worth $305,612 in the last ninety days. Corporate insiders own 3.08% of the company’s stock.

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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