Proficio Capital Partners LLC acquired a new position in shares of West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 36,264 shares of the financial services provider's stock, valued at approximately $785,000. Proficio Capital Partners LLC owned 0.22% of West Bancorporation at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its stake in West Bancorporation by 17.0% during the fourth 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. Mutual Advisors LLC raised its position in shares of West Bancorporation by 2.6% in the 4th quarter. Mutual Advisors LLC now owns 28,176 shares of the financial services provider's stock worth $594,000 after buying an additional 713 shares during the period. SG Americas Securities LLC boosted its holdings in West Bancorporation by 11.3% in the fourth quarter. SG Americas Securities LLC now owns 6,658 shares of the financial services provider's stock valued at $144,000 after acquiring an additional 678 shares during the last quarter. City State Bank grew its position in West Bancorporation by 6.4% during the fourth quarter. City State Bank now owns 8,354 shares of the financial services provider's stock valued at $181,000 after acquiring an additional 499 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in West Bancorporation by 267.5% during the third quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider's stock worth $493,000 after acquiring an additional 18,885 shares during the last quarter. 44.30% of the stock is owned by institutional investors and hedge funds.
West Bancorporation Stock Up 0.8 %
NASDAQ:WTBA traded up $0.16 during mid-day trading on Wednesday, hitting $20.28. The company had a trading volume of 14,333 shares, compared to its average volume of 27,248. The business has a fifty day simple moving average of $21.68 and a 200-day simple moving average of $21.42. The firm has a market capitalization of $341.29 million, a price-to-earnings ratio of 14.18 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 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 released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, topping 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 quarter last year, the firm posted $0.27 EPS. Equities analysts forecast that West Bancorporation, Inc. will post 1.65 earnings per share for the current fiscal year.
West Bancorporation Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a $0.25 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.93%. West Bancorporation's dividend payout ratio (DPR) is presently 69.93%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on WTBA. Piper Sandler decreased their target price on West Bancorporation from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, January 27th. StockNews.com upgraded shares of West Bancorporation from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th.
Get Our Latest Stock Analysis on West Bancorporation
West Bancorporation Profile
(
Free Report)
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.
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