JPMorgan Chase & Co. Boosts Stake in West Bancorporation, Inc. (NASDAQ:WTBA)

JPMorgan Chase & Co. lifted its holdings in shares of West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) by 121.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,439 shares of the financial services provider's stock after purchasing an additional 31,493 shares during the period. JPMorgan Chase & Co. owned 0.34% of West Bancorporation worth $1,244,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of West Bancorporation by 1.9% in the third quarter. State Street Corp now owns 372,033 shares of the financial services provider's stock valued at $7,072,000 after purchasing an additional 6,809 shares in the last quarter. Barclays PLC boosted its holdings in West Bancorporation by 291.2% during the 3rd quarter. Barclays PLC now owns 20,977 shares of the financial services provider's stock worth $398,000 after acquiring an additional 15,615 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of West Bancorporation by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 356,288 shares of the financial services provider's stock worth $6,775,000 after acquiring an additional 7,320 shares in the last quarter. City State Bank raised its holdings in shares of West Bancorporation by 6.4% in the fourth 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 during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of West Bancorporation by 11.3% during the fourth quarter. SG Americas Securities LLC now owns 6,658 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 678 shares in the last quarter. Institutional investors and hedge funds own 44.30% of the company's stock.

West Bancorporation Stock Performance

NASDAQ WTBA traded down $0.11 during trading on Thursday, hitting $19.30. 898 shares of the company's stock traded hands, compared to its average volume of 28,457. The stock has a market capitalization of $324.88 million, a price-to-earnings ratio of 13.50 and a beta of 0.91. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50 day moving average of $19.99 and a 200-day moving average of $21.47. West Bancorporation, Inc. has a 12-month low of $16.25 and a 12-month 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, topping analysts' consensus estimates of $0.38 by $0.08. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. The firm had revenue of $23.10 million during the quarter, compared to analyst estimates of $21.61 million. As a group, equities research analysts anticipate that West Bancorporation, Inc. will post 1.65 earnings per share for the current fiscal year.

West Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Wednesday, May 7th. West Bancorporation's payout ratio is 64.94%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WTBA. StockNews.com raised shares of West Bancorporation from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Piper Sandler reduced their price objective on West Bancorporation from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, January 27th.

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.