SG Americas Securities LLC Purchases Shares of 5,980 West Bancorporation, Inc. (NASDAQ:WTBA)

SG Americas Securities LLC purchased a new stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA) in the 3rd quarter, HoldingsChannel reports. The fund purchased 5,980 shares of the financial services provider’s stock, valued at approximately $114,000.

Several other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of West Bancorporation by 3.9% during the second quarter. Renaissance Technologies LLC now owns 216,752 shares of the financial services provider’s stock valued at $3,880,000 after buying an additional 8,200 shares during the last quarter. Choreo LLC purchased a new position in shares of West Bancorporation in the 2nd quarter valued at approximately $267,000. Aptus Capital Advisors LLC raised its position in shares of West Bancorporation by 24.8% in the 2nd quarter. Aptus Capital Advisors LLC now owns 199,435 shares of the financial services provider’s stock valued at $3,570,000 after purchasing an additional 39,675 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of West Bancorporation by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 120,264 shares of the financial services provider’s stock valued at $2,153,000 after purchasing an additional 3,945 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of West Bancorporation by 280.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 48,424 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 35,680 shares during the last quarter. 44.30% of the stock is owned by hedge funds and other institutional investors.

West Bancorporation Stock Performance

WTBA opened at $20.82 on Friday. West Bancorporation, Inc. has a 12-month low of $15.80 and a 12-month high of $22.39. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $350.07 million, a PE ratio of 15.77 and a beta of 0.98. The firm has a 50 day moving average of $19.35 and a two-hundred day moving average of $18.31.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. West Bancorporation had a net margin of 11.57% and a return on equity of 9.78%. The company had revenue of $50.97 million during the quarter, compared to analyst estimates of $20.00 million. During the same period last year, the firm posted $0.35 EPS. On average, analysts anticipate that West Bancorporation, Inc. will post 1.3 EPS for the current year.

West Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Wednesday, November 6th. West Bancorporation’s dividend payout ratio is presently 75.76%.

Analysts Set New Price Targets

Separately, Piper Sandler increased their price objective on shares of West Bancorporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday.

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.