West Bancorporation, Inc. (NASDAQ:WTBA) Holdings Lifted by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC lifted its position in shares of West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,404 shares of the financial services provider's stock after purchasing an additional 51,775 shares during the period. Aptus Capital Advisors LLC owned about 1.68% of West Bancorporation worth $6,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC boosted its position 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 valued at $144,000 after buying an additional 678 shares during the last quarter. City State Bank grew its stake in West Bancorporation by 6.4% during the 4th quarter. City State Bank now owns 8,354 shares of the financial services provider's stock valued at $181,000 after purchasing an additional 499 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of West Bancorporation in the 4th quarter valued at approximately $226,000. Sequoia Financial Advisors LLC acquired a new position in shares of West Bancorporation in the 4th quarter valued at approximately $232,000. Finally, Wells Fargo & Company MN grew its position in shares of West Bancorporation by 20.4% during the fourth quarter. Wells Fargo & Company MN now owns 12,157 shares of the financial services provider's stock worth $263,000 after buying an additional 2,062 shares in the last quarter. 44.30% of the stock is currently owned by hedge funds and other institutional investors.

West Bancorporation Stock Performance

Shares of WTBA stock traded down $0.03 on Friday, hitting $19.50. 7,652 shares of the stock traded hands, compared to its average volume of 28,832. The company has a market capitalization of $330.00 million, a PE ratio of 13.64 and a beta of 0.89. The company's fifty day moving average is $19.66 and its 200 day moving average is $21.46. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95. West Bancorporation, Inc. has a 1-year low of $16.25 and a 1-year high of $24.85.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.38 by $0.08. West Bancorporation had a net margin of 12.12% and a return on equity of 10.56%. The business had revenue of $23.10 million during the quarter, compared to analyst estimates of $21.61 million. On average, equities research analysts predict that West Bancorporation, Inc. will post 1.65 earnings per share for the current fiscal year.

West Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend is Wednesday, May 7th. West Bancorporation's payout ratio is 64.94%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WTBA. Piper Sandler cut their price target on shares of 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 shares of West Bancorporation from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th.

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.