Proficio Capital Partners LLC Invests $785,000 in West Bancorporation, Inc. (NASDAQ:WTBA)

Proficio Capital Partners LLC acquired a new stake in West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 36,264 shares of the financial services provider's stock, valued at approximately $785,000. Proficio Capital Partners LLC owned approximately 0.22% of West Bancorporation at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WTBA. Barclays PLC increased its position in shares of West Bancorporation by 291.2% during the third quarter. Barclays PLC now owns 20,977 shares of the financial services provider's stock valued at $398,000 after acquiring an additional 15,615 shares during the last quarter. JPMorgan Chase & Co. grew its stake in West Bancorporation by 267.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider's stock valued at $493,000 after purchasing an additional 18,885 shares during the period. Geode Capital Management LLC grew its stake in West Bancorporation by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 356,288 shares of the financial services provider's stock valued at $6,775,000 after purchasing an additional 7,320 shares during the period. State Street Corp increased its position in shares of West Bancorporation by 1.9% during the 3rd quarter. State Street Corp now owns 372,033 shares of the financial services provider's stock valued at $7,072,000 after purchasing an additional 6,809 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of West Bancorporation by 17.0% during the 4th quarter. Bank of New York Mellon Corp now owns 125,049 shares of the financial services provider's stock worth $2,707,000 after purchasing an additional 18,154 shares during the period. 44.30% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

WTBA has been the subject of several research analyst reports. Piper Sandler lowered their price target on shares of West Bancorporation from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. StockNews.com raised West Bancorporation from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th.

West Bancorporation Price Performance

Shares of WTBA traded up $0.20 during mid-day trading on Wednesday, reaching $20.22. 14,531 shares of the stock traded hands, compared to its average volume of 26,914. The company has a market cap of $340.36 million, a price-to-earnings ratio of 14.14 and a beta of 0.95. West Bancorporation, Inc. has a 1 year low of $15.80 and a 1 year high of $24.85. The firm has a fifty day moving average price of $21.54 and a 200 day moving average price of $21.47. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.86.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. West Bancorporation had a net margin of 12.12% and a return on equity of 10.56%. During the same period in the prior year, the company earned $0.27 EPS. As a group, equities research analysts predict that West Bancorporation, Inc. will post 1.65 earnings per share for the current year.

West Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.00 annualized dividend and a yield of 4.95%. West Bancorporation's payout ratio is 69.93%.

About West Bancorporation

West Bancorporation, Inc operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.