Bank of New York Mellon Corp Increases Holdings in West Bancorporation, Inc. (WTBA)
Bank of New York Mellon Corp boosted its holdings in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,307 shares of the financial services provider’s stock after acquiring an additional 1,999 shares during the period. Bank of New York Mellon Corp owned about 0.76% of West Bancorporation worth $3,009,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. raised its position in West Bancorporation by 43.6% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 27,340 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 8,300 shares during the last quarter. Alliancebernstein L.P. acquired a new position in West Bancorporation during the second quarter worth about $376,000. Northern Trust Corp raised its position in West Bancorporation by 5.5% during the second quarter. Northern Trust Corp now owns 214,857 shares of the financial services provider’s stock worth $5,081,000 after acquiring an additional 11,114 shares during the last quarter. State Street Corp raised its position in West Bancorporation by 9.6% during the second quarter. State Street Corp now owns 285,650 shares of the financial services provider’s stock worth $6,759,000 after acquiring an additional 25,123 shares during the last quarter. Finally, LSV Asset Management raised its position in West Bancorporation by 10.8% during the second quarter. LSV Asset Management now owns 99,326 shares of the financial services provider’s stock worth $2,349,000 after acquiring an additional 9,705 shares during the last quarter. Institutional investors own 29.23% of the company’s stock.
Separately, BidaskClub cut shares of West Bancorporation from a “buy” rating to a “hold” rating in a research report on Saturday, December 30th.
West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $17.30 million during the quarter. West Bancorporation had a net margin of 31.63% and a return on equity of 14.48%.
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West Bancorporation Company 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.
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