Choreo LLC Buys Shares of 15,203 West Bancorporation, Inc. (NASDAQ:WTBA)

Choreo LLC bought a new stake in West Bancorporation, Inc. (NASDAQ:WTBA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,203 shares of the financial services provider’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of West Bancorporation by 87.2% during the first quarter. BNP Paribas Financial Markets now owns 8,240 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 3,839 shares in the last quarter. Independent Wealth Network Inc. acquired a new stake in shares of West Bancorporation during the first quarter valued at about $182,000. Quadrature Capital Ltd acquired a new stake in shares of West Bancorporation during the first quarter valued at about $196,000. LexAurum Advisors LLC boosted its stake in shares of West Bancorporation by 3.2% during the first quarter. LexAurum Advisors LLC now owns 28,478 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 894 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of West Bancorporation by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,994 shares of the financial services provider’s stock worth $749,000 after acquiring an additional 647 shares during the period. Institutional investors own 44.30% of the company’s stock.

West Bancorporation Price Performance

West Bancorporation stock opened at $19.66 on Thursday. The stock’s 50 day moving average is $19.47 and its 200 day moving average is $17.92. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $330.88 million, a P/E ratio of 14.89 and a beta of 0.98. West Bancorporation, Inc. has a one year low of $15.25 and a one year high of $22.39.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $49.91 million during the quarter, compared to analyst estimates of $19.29 million. West Bancorporation had a return on equity of 9.78% and a net margin of 11.57%. During the same period in the prior year, the firm earned $0.35 earnings per share. As a group, research analysts expect that West Bancorporation, Inc. will post 1.3 EPS for the current year.

West Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were issued a $0.25 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $1.00 dividend on an annualized basis and a yield of 5.09%. West Bancorporation’s payout ratio is currently 75.76%.

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.