Bank of New York Mellon Corp Has $2.15 Million Stake in West Bancorporation, Inc. (NASDAQ:WTBA)

Bank of New York Mellon Corp grew its stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,264 shares of the financial services provider’s stock after acquiring an additional 3,945 shares during the period. Bank of New York Mellon Corp owned 0.72% of West Bancorporation worth $2,153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WTBA. BNP Paribas Financial Markets lifted its position in shares of West Bancorporation by 87.2% during the 1st quarter. BNP Paribas Financial Markets now owns 8,240 shares of the financial services provider’s stock worth $147,000 after buying an additional 3,839 shares during the last quarter. Independent Wealth Network Inc. acquired a new position in West Bancorporation in the first quarter valued at $182,000. Quadrature Capital Ltd bought a new stake in West Bancorporation in the first quarter worth approximately $196,000. LexAurum Advisors LLC boosted its stake in West Bancorporation by 3.2% during the first quarter. LexAurum Advisors LLC now owns 28,478 shares of the financial services provider’s stock worth $508,000 after acquiring an additional 894 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in West Bancorporation by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,994 shares of the financial services provider’s stock valued at $749,000 after buying an additional 647 shares in the last quarter. 44.30% of the stock is owned by institutional investors and hedge funds.

West Bancorporation Stock Performance

Shares of WTBA opened at $19.19 on Wednesday. The firm has a market capitalization of $322.66 million, a P/E ratio of 14.54 and a beta of 0.98. West Bancorporation, Inc. has a 52 week low of $15.25 and a 52 week high of $22.39. The stock has a 50 day moving average price of $19.43 and a two-hundred day moving average price of $17.91. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95.

West Bancorporation (NASDAQ:WTBA) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The business had revenue of $49.91 million during the quarter, compared to the consensus estimate of $19.29 million. West Bancorporation had a net margin of 11.57% and a return on equity of 9.78%. During the same quarter last year, the company earned $0.35 EPS. Equities analysts forecast that West Bancorporation, Inc. will post 1.3 earnings per share for the current fiscal year.

West Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Wednesday, August 7th. West Bancorporation’s dividend payout ratio (DPR) is currently 75.76%.

West Bancorporation 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.