36,264 Shares in West Bancorporation, Inc. (NASDAQ:WTBA) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in West Bancorporation, Inc. (NASDAQ:WTBA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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 institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in West Bancorporation by 11.3% in the 4th quarter. SG Americas Securities LLC now owns 6,658 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 678 shares during the period. City State Bank increased its holdings in shares of West Bancorporation by 6.4% during the 4th quarter. City State Bank now owns 8,354 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 499 shares during the period. Barclays PLC increased 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 worth $398,000 after purchasing an additional 15,615 shares during the period. Fortress Financial Group LLC bought a new position in shares of West Bancorporation during the 4th quarter worth about $407,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of West Bancorporation by 267.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 18,885 shares during the period. Institutional investors own 44.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on WTBA shares. Piper Sandler lowered their target price on shares of West Bancorporation from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. StockNews.com raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th.

West Bancorporation Price Performance

Shares of WTBA stock opened at $20.22 on Friday. West Bancorporation, Inc. has a 1 year low of $15.80 and a 1 year high of $24.85. The firm’s 50 day moving average is $21.56 and its 200-day moving average is $21.44. The firm has a market capitalization of $340.36 million, a price-to-earnings ratio of 14.14 and a beta of 0.95. 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) last announced its quarterly earnings data 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 net margin of 12.12% and a return on equity of 10.56%. During the same period last year, the company earned $0.27 EPS. Sell-side analysts forecast that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.95%. The ex-dividend date was Wednesday, February 5th. West Bancorporation’s dividend payout ratio is 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.