GAMMA Investing LLC increased its position in West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 4,644.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,759 shares of the financial services provider's stock after buying an additional 13,469 shares during the period. GAMMA Investing LLC owned 0.08% of West Bancorporation worth $274,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in West Bancorporation by 98.9% in the fourth quarter. Millennium Management LLC now owns 27,590 shares of the financial services provider's stock worth $597,000 after acquiring an additional 13,722 shares in the last quarter. Deutsche Bank AG raised its holdings 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 valued at $373,000 after buying an additional 2,322 shares in the last quarter. Bank of America Corp DE lifted its position in shares of West Bancorporation by 40.5% in the fourth quarter. Bank of America Corp DE now owns 21,599 shares of the financial services provider's stock worth $468,000 after buying an additional 6,228 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in shares of West Bancorporation by 22.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 282,404 shares of the financial services provider's stock worth $6,114,000 after buying an additional 51,775 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of West Bancorporation by 2.0% during the 4th quarter. Northern Trust Corp now owns 134,904 shares of the financial services provider's stock worth $2,921,000 after acquiring an additional 2,621 shares in the last quarter. Institutional investors own 44.30% of the company's stock.
West Bancorporation Stock Down 1.4%
Shares of WTBA stock opened at $18.59 on Friday. The stock's 50 day simple moving average is $19.38 and its 200 day simple moving average is $20.66. West Bancorporation, Inc. has a twelve month low of $16.36 and a twelve month high of $24.85. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $314.54 million, a price-to-earnings ratio of 12.07 and a beta of 0.89.
West Bancorporation (NASDAQ:WTBA - Get Free Report) last announced 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 return on equity of 11.28% and a net margin of 13.04%. The company had revenue of $23.10 million for the quarter, compared to the consensus estimate of $21.61 million. As a group, research analysts predict that West Bancorporation, Inc. will post 1.65 EPS for the current year.
West Bancorporation Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $1.00 annualized dividend and a yield of 5.38%. West Bancorporation's dividend payout ratio (DPR) is presently 64.94%.
West Bancorporation Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding WTBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for West Bancorporation, Inc. (NASDAQ:WTBA - Free Report).
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