Prudential Financial Inc. increased its stake in West Bancorporation (NASDAQ:WTBA) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,170 shares of the financial services provider’s stock after acquiring an additional 2,240 shares during the period. Prudential Financial Inc. owned approximately 0.33% of West Bancorporation worth $1,257,000 at the end of the most recent reporting period.

Separately, Schwab Charles Investment Management Inc. increased its stake in shares of West Bancorporation by 10.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 28,900 shares of the financial services provider’s stock valued at $684,000 after acquiring an additional 2,797 shares during the period. Institutional investors and hedge funds own 28.78% of the company’s stock.

Separately, BidaskClub cut West Bancorporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.

Shares of West Bancorporation (WTBA) opened at 24.90 on Wednesday. The firm has a 50-day moving average price of $22.33 and a 200-day moving average price of $22.78. The firm has a market capitalization of $403.65 million, a P/E ratio of 16.71 and a beta of 1.04. West Bancorporation has a 52-week low of $18.75 and a 52-week high of $25.05.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. West Bancorporation had a net margin of 31.77% and a return on equity of 14.41%. The business had revenue of $17.41 million for the quarter. On average, equities research analysts anticipate that West Bancorporation will post $1.53 EPS for the current year.

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West Bancorporation Profile

West Bancorporation, Inc is a bank holding company. The Company owns West Bank, which is a business-focused community bank. The Company operates in three markets, which include central Iowa; eastern Iowa, which is the area including and surrounding Iowa City and Coralville, Iowa, and the Rochester, Minnesota, area.

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

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