West Bancorporation, Inc. (NASDAQ:WTBA) Shares Purchased by Millennium Management LLC

Millennium Management LLC boosted its holdings in West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 98.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,590 shares of the financial services provider's stock after purchasing an additional 13,722 shares during the quarter. Millennium Management LLC owned about 0.16% of West Bancorporation worth $597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Aptus Capital Advisors LLC boosted its holdings in 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 valued at $6,114,000 after purchasing an additional 51,775 shares in the last quarter. Northern Trust Corp boosted its holdings in West Bancorporation by 2.0% in the fourth quarter. Northern Trust Corp now owns 134,904 shares of the financial services provider's stock valued at $2,921,000 after purchasing an additional 2,621 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in West Bancorporation by 17.0% in the fourth quarter. Bank of New York Mellon Corp now owns 125,049 shares of the financial services provider's stock valued at $2,707,000 after purchasing an additional 18,154 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in West Bancorporation by 121.4% in the fourth quarter. JPMorgan Chase & Co. now owns 57,439 shares of the financial services provider's stock valued at $1,244,000 after purchasing an additional 31,493 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of West Bancorporation in the fourth quarter valued at approximately $785,000. 44.30% of the stock is owned by institutional investors and hedge funds.

West Bancorporation Stock Performance

Shares of WTBA stock traded down $0.20 during trading hours on Wednesday, hitting $19.57. The stock had a trading volume of 27,029 shares, compared to its average volume of 30,026. The firm has a market capitalization of $331.18 million, a PE ratio of 13.69 and a beta of 0.89. West Bancorporation, Inc. has a twelve month low of $16.36 and a twelve month high of $24.85. The stock's 50 day moving average is $19.36 and its 200 day moving average is $20.93. 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 (NASDAQ:WTBA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.08. The business had revenue of $23.10 million during the quarter, compared to the consensus estimate of $21.61 million. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. As a group, research 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, May 21st. Stockholders of record on Wednesday, May 7th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend was Wednesday, May 7th. West Bancorporation's payout ratio is currently 64.94%.

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.