JPMorgan Chase & Co. Has $493,000 Stock Holdings in West Bancorporation, Inc. (NASDAQ:WTBA)

JPMorgan Chase & Co. raised its holdings in West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 267.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,946 shares of the financial services provider's stock after acquiring an additional 18,885 shares during the period. JPMorgan Chase & Co. owned about 0.15% of West Bancorporation worth $493,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its stake in shares of West Bancorporation by 1.9% in 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of West Bancorporation by 2.1% during the third quarter. Geode Capital Management LLC now owns 356,288 shares of the financial services provider's stock worth $6,775,000 after buying an additional 7,320 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of West Bancorporation by 15.6% during the third quarter. Aptus Capital Advisors LLC now owns 230,629 shares of the financial services provider's stock worth $4,384,000 after buying an additional 31,194 shares in the last quarter. De Lisle Partners LLP lifted its stake in shares of West Bancorporation by 27.3% in the 3rd quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider's stock valued at $612,000 after acquiring an additional 6,893 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of West Bancorporation by 291.2% during the 3rd 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 in the last quarter. Institutional investors own 44.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on WTBA shares. Piper Sandler dropped their target price on West Bancorporation from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. StockNews.com downgraded shares of West Bancorporation from a "hold" rating to a "sell" rating in a research report on Wednesday.

Insider Activity

In related news, Director Douglas R. Gulling sold 4,000 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $23.61, for a total transaction of $94,440.00. Following the sale, the director now owns 80,709 shares in the company, valued at $1,905,539.49. This represents a 4.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.48% of the company's stock.

West Bancorporation Trading Down 1.2 %

NASDAQ WTBA traded down $0.27 on Friday, reaching $21.93. The company had a trading volume of 64,473 shares, compared to its average volume of 26,534. The firm has a market cap of $369.08 million, a price-to-earnings ratio of 15.34 and a beta of 0.98. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95. West Bancorporation, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $24.85. The business has a 50 day moving average of $22.27 and a two-hundred day moving average of $20.95.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. During the same period in the previous year, the business earned $0.27 earnings per share. Analysts forecast that West Bancorporation, Inc. will post 1.65 EPS for the current year.

West Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.56%. West Bancorporation's dividend payout ratio (DPR) is currently 69.93%.

West Bancorporation Company 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.