Millennium Management LLC Raises Position in West Bancorporation, Inc. (NASDAQ:WTBA)

Millennium Management LLC boosted its stake in West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 98.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,590 shares of the financial services provider's stock after buying an additional 13,722 shares during the quarter. Millennium Management LLC owned approximately 0.16% of West Bancorporation worth $597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WTBA. SG Americas Securities LLC lifted its stake 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 in the last quarter. Bank of New York Mellon Corp lifted its stake in West Bancorporation by 17.0% in the 4th 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 buying an additional 18,154 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in West Bancorporation in the 4th quarter valued at about $785,000. Fortress Financial Group LLC purchased a new position in West Bancorporation in the 4th quarter valued at about $407,000. Finally, Sequoia Financial Advisors LLC purchased a new position in West Bancorporation in the 4th quarter worth approximately $232,000. 44.30% of the stock is owned by hedge funds and other institutional investors.

West Bancorporation Trading Up 2.2%

WTBA opened at $19.20 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 company's 50 day simple moving average is $19.32 and its two-hundred day simple moving average is $21.00. West Bancorporation, Inc. has a 1-year low of $16.25 and a 1-year high of $24.85. The firm has a market capitalization of $324.92 million, a price-to-earnings ratio of 13.43 and a beta of 0.89.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $21.61 million. Analysts expect that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Wednesday, May 7th. West Bancorporation's dividend payout ratio (DPR) is 64.94%.

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.

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