West Bancorporation, Inc. $WTBA Shares Acquired by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC increased its holdings in West Bancorporation, Inc. by 12.7%, bringing its total shares to 318,381 and corresponding to a value of approximately $6.35 million.
• The company recently announced a quarterly dividend of $0.25 per share, equating to an annualized dividend of $1.00 and a yield of 5.3%.
• West Bancorporation achieved earnings per share of $0.47 for the last quarter, surpassing analysts' expectations of $0.45, while revenue for the quarter was $23.83 million.

Aptus Capital Advisors LLC raised its stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 12.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 318,381 shares of the financial services provider's stock after purchasing an additional 35,977 shares during the period. Aptus Capital Advisors LLC owned 1.88% of West Bancorporation worth $6,349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WTBA. First Trust Advisors LP acquired a new position in West Bancorporation during the fourth quarter worth approximately $226,000. Wells Fargo & Company MN increased its position in 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 purchasing an additional 2,062 shares during the last quarter. GAMMA Investing LLC increased its position in West Bancorporation by 4,644.5% during the first quarter. GAMMA Investing LLC now owns 13,759 shares of the financial services provider's stock worth $274,000 after purchasing an additional 13,469 shares during the last quarter. Deutsche Bank AG increased its position in West Bancorporation by 15.6% during the fourth quarter. Deutsche Bank AG now owns 17,236 shares of the financial services provider's stock worth $373,000 after purchasing an additional 2,322 shares during the last quarter. Finally, Bank of America Corp DE increased its position in West Bancorporation by 40.5% during the fourth quarter. Bank of America Corp DE now owns 21,599 shares of the financial services provider's stock worth $468,000 after purchasing an additional 6,228 shares during the last quarter. Institutional investors and hedge funds own 44.30% of the company's stock.

West Bancorporation Stock Down 0.2%

WTBA traded down $0.0350 during trading hours on Monday, reaching $19.9450. 2,246 shares of the stock traded hands, compared to its average volume of 30,764. The firm's fifty day simple moving average is $19.28 and its two-hundred day simple moving average is $19.82. The company has a market cap of $337.89 million, a price-to-earnings ratio of 11.73 and a beta of 0.92. West Bancorporation, Inc. has a fifty-two week low of $17.31 and a fifty-two week high of $24.85. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.96 and a quick ratio of 0.96.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.02. West Bancorporation had a net margin of 14.40% and a return on equity of 12.26%. The firm had revenue of $23.83 million for the quarter, compared to the consensus estimate of $24.20 million. As a group, analysts forecast that West Bancorporation, Inc. will post 1.65 earnings per share for the current fiscal year.

West Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Wednesday, August 6th. West Bancorporation's dividend payout ratio (DPR) is 58.82%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WTBA. Zacks Research raised shares of West Bancorporation from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. Piper Sandler dropped their price objective on shares of West Bancorporation from $21.50 to $20.50 and set a "neutral" rating for the company in a research report on Monday, July 28th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $20.50.

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.