Aptus Capital Advisors LLC Increases Holdings in West Bancorporation, Inc. (NASDAQ:WTBA)

Aptus Capital Advisors LLC lifted its holdings in shares of West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 15.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 230,629 shares of the financial services provider's stock after acquiring an additional 31,194 shares during the period. Aptus Capital Advisors LLC owned approximately 1.37% of West Bancorporation worth $4,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in West Bancorporation during the 3rd quarter worth approximately $114,000. Renaissance Technologies LLC grew its holdings in West Bancorporation by 3.9% during the second quarter. Renaissance Technologies LLC now owns 216,752 shares of the financial services provider's stock worth $3,880,000 after buying an additional 8,200 shares in the last quarter. Choreo LLC purchased a new stake in West Bancorporation in the 2nd quarter valued at $267,000. Bank of New York Mellon Corp lifted its stake in West Bancorporation by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 120,264 shares of the financial services provider's stock valued at $2,153,000 after acquiring an additional 3,945 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in West Bancorporation by 280.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 48,424 shares of the financial services provider's stock worth $867,000 after acquiring an additional 35,680 shares during the last quarter. Institutional investors and hedge funds own 44.30% of the company's stock.

Wall Street Analyst Weigh In

WTBA has been the subject of several analyst reports. StockNews.com upgraded shares of West Bancorporation from a "sell" rating to a "hold" rating in a report on Monday, October 28th. Piper Sandler lifted their target price on shares of West Bancorporation from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th.

Insider Activity at West Bancorporation

In other West Bancorporation news, Director Douglas R. Gulling sold 4,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $23.61, for a total value of $94,440.00. Following the completion of the sale, the director now directly owns 80,709 shares of the company's stock, valued at $1,905,539.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.48% of the stock is owned by company insiders.

West Bancorporation Stock Performance

NASDAQ:WTBA traded down $0.04 during trading on Wednesday, reaching $23.98. The company's stock had a trading volume of 27,156 shares, compared to its average volume of 27,935. The firm has a market cap of $403.58 million, a price-to-earnings ratio of 18.73 and a beta of 0.95. West Bancorporation, Inc. has a 12 month low of $15.80 and a 12 month high of $24.85. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50 day moving average of $20.10 and a 200-day moving average of $18.87.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. The business had revenue of $50.97 million during the quarter, compared to the consensus estimate of $20.00 million. West Bancorporation had a net margin of 11.17% and a return on equity of 9.46%. During the same quarter last year, the company posted $0.35 earnings per share. Research analysts expect that West Bancorporation, Inc. will post 1.4 EPS for the current fiscal year.

West Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.17%. West Bancorporation's dividend payout ratio (DPR) is presently 78.13%.

West Bancorporation Profile

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.