West Bancorporation, Inc. (NASDAQ:WTBA) Position Lessened by West Bancorporation Inc.

West Bancorporation Inc. cut its stake in West Bancorporation, Inc. (NASDAQ:WTBA) by 0.3% during the third quarter, HoldingsChannel reports. The fund owned 440,347 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. West Bancorporation comprises about 5.6% of West Bancorporation Inc.’s holdings, making the stock its 4th largest position. West Bancorporation Inc.’s holdings in West Bancorporation were worth $8,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of West Bancorporation in the 3rd quarter worth $114,000. BNP Paribas Financial Markets boosted its position in shares of 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 worth $147,000 after purchasing an additional 3,839 shares in the last quarter. Independent Wealth Network Inc. acquired a new stake in shares of West Bancorporation in the 1st quarter worth $182,000. Quadrature Capital Ltd acquired a new stake in shares of West Bancorporation in the 1st quarter worth $196,000. Finally, Choreo LLC acquired a new stake in shares of West Bancorporation in the 2nd quarter worth $267,000. 44.30% of the stock is currently owned by hedge funds and other institutional investors.

West Bancorporation Stock Performance

West Bancorporation stock traded up $0.14 during trading hours on Friday, hitting $20.82. 37,170 shares of the stock traded hands, compared to its average volume of 27,240. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50 day moving average price is $19.35 and its 200-day moving average price is $18.31. The stock has a market capitalization of $350.07 million, a price-to-earnings ratio of 15.77 and a beta of 0.98. West Bancorporation, Inc. has a 1 year low of $15.80 and a 1 year high of $22.39.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $50.97 million for the quarter, compared to the consensus estimate of $20.00 million. West Bancorporation had a return on equity of 9.78% and a net margin of 11.57%. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, equities analysts expect that West Bancorporation, Inc. will post 1.3 EPS for the current fiscal year.

West Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.80%. West Bancorporation’s payout ratio is 75.76%.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price target on West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday.

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.