Renaissance Technologies LLC grew its holdings in West Bancorporation, Inc. (NASDAQ:WTBA) by 0.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 353,852 shares of the financial services provider’s stock after acquiring an additional 2,300 shares during the period. Renaissance Technologies LLC’s holdings in West Bancorporation were worth $7,509,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of WTBA. Pacific Ridge Capital Partners LLC increased its holdings in shares of West Bancorporation by 14.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 231,938 shares of the financial services provider’s stock worth $4,796,000 after purchasing an additional 28,514 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of West Bancorporation in the second quarter worth about $602,000. Acadian Asset Management LLC increased its holdings in shares of West Bancorporation by 48.7% in the first quarter. Acadian Asset Management LLC now owns 35,223 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 11,537 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of West Bancorporation by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 753,234 shares of the financial services provider’s stock worth $14,380,000 after purchasing an additional 8,672 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of West Bancorporation in the first quarter worth about $129,000. 37.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WTBA stock traded up $0.43 during trading hours on Wednesday, hitting $21.99. The stock had a trading volume of 739 shares, compared to its average volume of 31,747. West Bancorporation, Inc. has a one year low of $18.06 and a one year high of $23.88. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s 50-day moving average price is $21.03 and its two-hundred day moving average price is $21.19. The stock has a market capitalization of $363.63 million, a price-to-earnings ratio of 13.06 and a beta of 0.70.
In related news, Director George D. Milligan acquired 5,000 shares of West Bancorporation stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $20.22 per share, with a total value of $101,100.00. Following the completion of the purchase, the director now directly owns 32,088 shares of the company’s stock, valued at approximately $648,819.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.08% of the company’s stock.
Separately, BidaskClub raised West Bancorporation from a “strong sell” rating to a “sell” rating in a report on Saturday, September 14th.
West Bancorporation Company 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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