Wealth Enhancement Advisory Services LLC Has $430,000 Stock Holdings in West Bancorporation, Inc. (NASDAQ:WTBA)

Wealth Enhancement Advisory Services LLC lessened its stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 53.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,639 shares of the financial services provider's stock after selling 25,785 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.13% of West Bancorporation worth $430,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in West Bancorporation by 87.2% in the 1st quarter. BNP Paribas Financial Markets now owns 8,240 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 3,839 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of West Bancorporation by 3.0% during the first quarter. Vanguard Group Inc. now owns 733,742 shares of the financial services provider's stock worth $13,083,000 after purchasing an additional 21,604 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of West Bancorporation in the first quarter valued at approximately $196,000. Price T Rowe Associates Inc. MD lifted its holdings in West Bancorporation by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,994 shares of the financial services provider's stock worth $749,000 after buying an additional 647 shares in the last quarter. Finally, Independent Wealth Network Inc. bought a new position in West Bancorporation in the 1st quarter valued at $182,000. 44.30% of the stock is currently owned by institutional investors.

West Bancorporation Trading Up 1.9 %

Shares of WTBA stock traded up $0.44 on Friday, hitting $23.93. The stock had a trading volume of 30,270 shares, compared to its average volume of 32,219. The firm has a market cap of $402.74 million, a P/E ratio of 18.70 and a beta of 0.95. West Bancorporation, Inc. has a twelve month low of $15.80 and a twelve month high of $24.38. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.86. The company has a fifty day moving average price of $19.93 and a two-hundred day moving average price of $18.75.

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

West Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Wednesday, November 6th. West Bancorporation's dividend payout ratio (DPR) is presently 78.13%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WTBA shares. Piper Sandler lifted their price objective on West Bancorporation from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. StockNews.com raised West Bancorporation from a "sell" rating to a "hold" rating in a research note on Monday, October 28th.

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.