Wealth Enhancement Advisory Services LLC Lowers Position in West Bancorporation, Inc. (NASDAQ:WTBA)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 53.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,639 shares of the financial services provider’s stock after selling 25,785 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in West Bancorporation were worth $430,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WTBA. Vanguard Group Inc. boosted its position in shares of West Bancorporation by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 733,742 shares of the financial services provider’s stock valued at $13,083,000 after acquiring an additional 21,604 shares during the last quarter. Renaissance Technologies LLC lifted its position in 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 purchasing an additional 8,200 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in 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 worth $3,570,000 after buying an additional 39,675 shares in the last quarter. Bank of New York Mellon Corp grew its stake in 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 worth $2,153,000 after buying an additional 3,945 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of West Bancorporation by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,994 shares of the financial services provider’s stock worth $749,000 after buying an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 44.30% of the company’s stock.

West Bancorporation Stock Up 1.9 %

Shares of WTBA opened at $23.93 on Friday. West Bancorporation, Inc. has a 1 year low of $15.80 and a 1 year high of $24.38. 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 stock has a 50 day simple moving average of $19.93 and a two-hundred day simple moving average of $18.75. The firm has a market cap of $402.81 million, a P/E ratio of 18.70 and a beta of 0.95.

West Bancorporation (NASDAQ:WTBA) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $50.97 million for the quarter, compared to analyst estimates of $20.00 million. West Bancorporation had a net margin of 11.17% and a return on equity of 9.46%. During the same quarter last year, the firm earned $0.35 EPS. On average, analysts forecast that West Bancorporation, Inc. will post 1.4 earnings per share for the current fiscal year.

West Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Wednesday, November 6th. West Bancorporation’s dividend payout ratio (DPR) is presently 78.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WTBA shares. Piper Sandler lifted their price objective on shares of West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. StockNews.com upgraded West Bancorporation from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

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.