Sequoia Financial Advisors LLC Invests $232,000 in West Bancorporation, Inc. (NASDAQ:WTBA)

Sequoia Financial Advisors LLC acquired a new position in shares of West Bancorporation, Inc. (NASDAQ:WTBA) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,703 shares of the financial services provider’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC increased its holdings in shares of 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 buying an additional 15,615 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in West Bancorporation in the 4th quarter valued at $785,000. JPMorgan Chase & Co. increased its holdings in West Bancorporation by 267.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 18,885 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 valued at $6,775,000 after purchasing an additional 7,320 shares in the last quarter. Finally, State Street Corp increased its holdings in West Bancorporation by 1.9% in the 3rd 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. 44.30% of the stock is currently owned by institutional investors and hedge funds.

West Bancorporation Stock Down 0.9 %

Shares of West Bancorporation stock opened at $20.45 on Friday. The business has a 50-day moving average of $21.55 and a 200-day moving average of $21.42. 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 has a market capitalization of $344.23 million, a PE ratio of 14.30 and a beta of 0.95. West Bancorporation, Inc. has a 1-year low of $15.80 and a 1-year high of $24.85.

West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. During the same quarter in the prior year, the firm earned $0.27 earnings per share. As a group, equities analysts forecast that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.89%. West Bancorporation’s payout ratio is 69.93%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WTBA. Piper Sandler lowered their price target on West Bancorporation from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, January 27th. StockNews.com upgraded West Bancorporation from a “sell” rating to a “hold” rating in a report on Thursday, February 6th.

West Bancorporation Company 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.