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West Bancorporation (WTBA)

West Bancorporation, Inc. is headquartered in West Des Moines, Iowa. Serving customers since 1893, West Bank, a wholly-owned subsidiary of West Bancorporation, Inc., is a community bank that focuses on lending, deposit services, and trust services for consumers and small- to medium-sized businesses. West Bank has eight offices in the Des Moines, Iowa metropolitan area, one office in Coralville, Iowa, and four offices in Minnesota in the cities of Rochester, Owatonna, Mankato and St. Cloud.

WTBA stock data

Investment data

Data from SEC filings
Top 50 of 288 long holdings
End of quarter 30 Jun 22
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$16.44M 449.55K 509.05K -11.7
$9.78M 401.97K 403.57K -0.4
$8.35M 57.6K 56.08K +2.7
$7.61M 117.65K 111.37K +5.6
$6.59M 30.13K 32.23K -6.5
$4.67M 12.38K 12.38K 0
$4.44M 11.72K 12.09K -3.0
$3.94M 15.35K 16.01K -4.1
$3.68M 21.71K 22.61K -4.0
$3.62M 35.57K 31.44K +13.1
$3.54M 70.52K 68.79K +2.5
Vanguard FTSE Developed Markets ETF
$3.04M 74.45K 76.16K -2.2
$2.57M 18.8K 19.51K -3.6
$2.4M 13.64K 12.78K +6.8
$2.13M 54.76K 53.36K +2.6
$2.12M 16.1K 3.97K +305.8
$1.74M 61.69K 53.81K +14.7
$1.67M 31.88K 28.79K +10.8
$1.55M 4.48K 681 +557.3
$1.48M 8K 8K 0
$1.3M 7.49K 7.49K 0
$1.16M 16.27K 16.27K 0
$1.15M 12.58K 7.72K +63.0
$1.15M 4.18K 4.27K -2.0
$1.14M 7.47K 7.64K -2.3
$1.11M 8.15K 1.08K +656.3
$1.1M 10.1K 10.57K -4.4
$1.09M 10.72K 1.1K +876.8
$1.02M 6.14K 6.57K -6.5
$1.01M 8.47K 7.13K +18.8
$987K 2.06K 2.15K -4.1
$981K 4.98K 4.34K +14.6
$918K 18.09K 18.41K -1.8
$879K 14.93K 1.31K +1044.2
$830K 12.43K 12.49K -0.5
Vanguard Dividend Appreciation ETF
$783K 5.46K 5.04K +8.4
$763K 7.73K 7.73K 0
$744K 340 360 -5.6
$743K 27.34K 22.7K +20.4
$741K 11.86K 12.4K -4.3
$741K 3K 3K 0
$692K 16.23K 17.07K -4.9
Vanguard FTSE Emerging Markets ETF
$690K 16.57K 17.63K -6.0
$688K 6.11K 7K -12.7
$569K 4.03K 4.09K -1.3
$532K 6.86K 6.86K 0
$516K 2.74K 2.87K -4.6
$513K 13.09K 13.85K -5.5
$498K 4.51K 4.33K +4.2
$495K 23.6K 24.31K -2.9
Holdings list only includes long positions. Only includes long positions.

Calendar

28 Jul 22
30 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 26.94M 26.94M 26.94M 26.94M 26.94M 26.94M
Cash burn (monthly) 39.11M 13.82M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 118.73M 41.97M n/a n/a n/a n/a
Cash remaining -91.79M -15.03M n/a n/a n/a n/a
Runway (months of cash) -2.3 -1.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Aug 22 Nelson David D COMMON STOCK Buy Acquire P Yes No 26.01 706 18.36K 74,115
24 Aug 22 Nelson David D COMMON STOCK Buy Acquire P No No 26.01 483 12.56K 97,231
28 Apr 22 Gerdin Michael J COMMON STOCK Grant Acquire A No No 0 1,167 0 25,382
28 Apr 22 Vaughan Therese M COMMON STOCK Grant Acquire A No No 0 1,167 0 7,600
28 Apr 22 Schuler Steven T COMMON STOCK Grant Acquire A No No 0 1,167 0 12,382
28 Apr 22 Lisa J Elming COMMON STOCK Grant Acquire A No No 0 1,167 0 2,067
10.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 74 78 -5.1%
Opened positions 5 5
Closed positions 9 6 +50.0%
Increased positions 24 29 -17.2%
Reduced positions 35 35
13F shares Current Prev Q Change
Total value 260.09M 2.44B -89.4%
Total shares 6.72M 6.91M -2.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 1.01M $24.61M +1.1%
FMR 924.15K $22.49M +1.7%
Dimensional Fund Advisors 696.97K $16.96M +1.3%
Vanguard 688.01K $16.75M -0.7%
WTBA West Bancorporation 401.97K $9.78M -0.4%
STT State Street 348.15K $8.47M -1.0%
Legacy Bridge 324.08K $7.89M -1.2%
Pacific Ridge Capital Partners 301.59K $7.34M -7.7%
Geode Capital Management 283.35K $6.9M +1.7%
Renaissance Technologies 268.85K $6.54M -5.1%
Largest transactions Shares Bought/sold Change
John W. Rosenthal Capital Management 0 -82.97K EXIT
Parametric Portfolio Associates 0 -40.67K EXIT
MS Morgan Stanley 61.41K +37.42K +155.9%
Pacific Ridge Capital Partners 301.59K -25.07K -7.7%
American Century Companies 84.75K +17.24K +25.5%
FMR 924.15K +15.52K +1.7%
Advisor 3.15K -14.98K -82.6%
Renaissance Technologies 268.85K -14.5K -5.1%
Gilbert & Cook 4.78K -13.05K -73.2%
Citadel Advisors 9.55K -11.87K -55.4%

Financial report summary

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Management Discussion
  • Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
  • Certain statements in this report, other than purely historical information, including estimates, projections, statements relating to the Company’s business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements may appear throughout this report. These forward-looking statements are generally identified by the words “believes,” “expects,” “intends,” “anticipates,” “projects,” “future,” “may,” “should,” “will,” “strategy,” “plan,” “opportunity,” “will be,” “will likely result,” “will continue” or similar references, or references to estimates, predictions or future events. Such forward-looking statements are based upon certain underlying assumptions, risks and uncertainties. Because of the possibility that the underlying assumptions are incorrect or do not materialize as expected in the future, actual results could differ materially from these forward-looking statements. Risks and uncertainties that may affect future results include: the continuing effects of the COVID-19 pandemic, including its potential effects on the economic environment, our customers and our operations, including due to supply chain disruptions, as well as any changes to federal, state or local government laws, regulations or orders in connection with the pandemic; interest rate risk; competitive pressures, including from non-bank competitors such as "fintech" companies; pricing pressures on loans and deposits; changes in credit and other risks posed by the Company’s loan and investment portfolios, including declines in commercial or residential real estate values or changes in the allowance for loan losses dictated by new market conditions, accounting standards (including as a result of the future implementation of the current expected credit loss (CECL) accounting standard) or regulatory requirements; changes in local, national and international economic conditions, including rising rates of inflation; changes in legal and regulatory requirements, limitations and costs; changes in customers’ acceptance of the Company’s products and services; cyber-attacks; unexpected outcomes of existing or new litigation involving the Company; the monetary, trade and other regulatory policies of the U.S. government, including recent and anticipated interest rate increases; acts of war or terrorism, including the Russian invasion of Ukraine, widespread disease or pandemics, such as the COVID-19 pandemic, or other adverse external events; developments and uncertainty related to the future use and availability of some reference rates, such as the London Interbank Offered Rate, as well as other alternative reference rates; changes to U.S. tax laws, regulations and guidance; talent and labor shortages; and any other risks described in the “Risk Factors” sections of this and other reports filed by the Company with the SEC. The Company undertakes no obligation to revise or update such forward-looking statements to reflect current or future events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
  • The discussion and analysis of the Company's financial condition and results of operations are based upon the Company's consolidated financial statements that have been prepared in accordance with GAAP. The preparation of the Company's financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, income and expenses. These estimates are based upon historical experience and on various other assumptions that management believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. The estimates and judgments that management believes involve the most complex and subjective estimates and judgments and have the most effect on the Company's reported financial position and results of operations are described as critical accounting policies in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 24, 2022. There have been no significant changes in the critical accounting policies or the assumptions and judgments utilized in applying these policies since December 31, 2021.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: annum, apportioned, attributable, bear, depreciation, difficulty, equal, floating, franchise, injection, IntraFi, issuance, legislation, municipal, Network, prevailing, redeem, redeemed, rent, reset, rest, revaluation, seeking, settled, SOFR, turn, unpaid, wage, widely
Removed: accelerated, adversely, Basel, check, desire, fraud, III, monthly, retain, Street, targeted, unemployment, Wall