Renaissance Technologies LLC Has $3.88 Million Stake in West Bancorporation, Inc. (NASDAQ:WTBA)

Renaissance Technologies LLC raised its position in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,752 shares of the financial services provider’s stock after purchasing an additional 8,200 shares during the quarter. Renaissance Technologies LLC owned 1.29% of West Bancorporation worth $3,880,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WTBA. Aptus Capital Advisors LLC raised its position in West Bancorporation by 24.8% during the second quarter. Aptus Capital Advisors LLC now owns 199,435 shares of the financial services provider’s stock valued at $3,570,000 after buying an additional 39,675 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in West Bancorporation by 280.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 48,424 shares of the financial services provider’s stock valued at $867,000 after acquiring an additional 35,680 shares in the last quarter. Vanguard Group Inc. grew its stake in West Bancorporation by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 733,742 shares of the financial services provider’s stock valued at $13,083,000 after acquiring an additional 21,604 shares in the last quarter. Choreo LLC acquired a new position in shares of West Bancorporation in the 2nd quarter valued at about $267,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of West Bancorporation in the first quarter worth approximately $196,000. Hedge funds and other institutional investors own 44.30% of the company’s stock.

West Bancorporation Stock Performance

WTBA stock opened at $19.02 on Friday. The stock has a market cap of $319.80 million, a P/E ratio of 14.41 and a beta of 0.98. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50 day simple moving average of $19.34 and a 200 day simple moving average of $17.99. West Bancorporation, Inc. has a 52 week low of $15.25 and a 52 week high of $22.39.

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

West Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 5.26%. West Bancorporation’s dividend payout ratio is 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.