Proficio Capital Partners LLC Buys New Position in West Bancorporation, Inc. (NASDAQ:WTBA)

Proficio Capital Partners LLC bought a new stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,264 shares of the financial services provider’s stock, valued at approximately $785,000. Proficio Capital Partners LLC owned approximately 0.22% of West Bancorporation at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WTBA. City State Bank boosted its holdings in West Bancorporation by 6.4% in the fourth quarter. City State Bank now owns 8,354 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 499 shares in the last quarter. SG Americas Securities LLC boosted its holdings in West Bancorporation by 11.3% in the fourth 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 in the last quarter. Mutual Advisors LLC boosted its holdings in West Bancorporation by 2.6% in the fourth quarter. Mutual Advisors LLC now owns 28,176 shares of the financial services provider’s stock worth $594,000 after acquiring an additional 713 shares in the last quarter. State Street Corp boosted its holdings in West Bancorporation by 1.9% in the third quarter. State Street Corp now owns 372,033 shares of the financial services provider’s stock worth $7,072,000 after acquiring an additional 6,809 shares in the last quarter. Finally, De Lisle Partners LLP boosted its holdings in West Bancorporation by 27.3% in the third quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider’s stock worth $612,000 after acquiring an additional 6,893 shares in the last quarter. Institutional investors own 44.30% of the company’s stock.

West Bancorporation Stock Performance

NASDAQ:WTBA opened at $21.13 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day simple moving average of $21.74 and a two-hundred day simple moving average of $21.40. West Bancorporation, Inc. has a 1 year low of $15.80 and a 1 year high of $24.85. The company has a market capitalization of $355.68 million, a P/E ratio of 14.78 and a beta of 0.95.

West Bancorporation (NASDAQ:WTBA) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. During the same period in the prior year, the company earned $0.27 earnings per share. On average, analysts expect that West Bancorporation, Inc. will post 1.65 earnings per share for the current year.

West Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date was Wednesday, February 5th. West Bancorporation’s payout ratio is currently 69.93%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Piper Sandler cut their price target on West Bancorporation from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. StockNews.com raised West Bancorporation from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th.

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.