Proficio Capital Partners LLC Invests $785,000 in West Bancorporation, Inc. (NASDAQ:WTBA)

Proficio Capital Partners LLC bought a new position in shares of West Bancorporation, Inc. (NASDAQ:WTBA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 36,264 shares of the financial services provider’s stock, valued at approximately $785,000.

A number of other hedge funds also recently modified their holdings of WTBA. De Lisle Partners LLP lifted its stake in shares of West Bancorporation by 27.3% during the 3rd quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider’s stock worth $612,000 after buying an additional 6,893 shares during the last quarter. State Street Corp lifted its stake in shares of West Bancorporation by 1.9% during the 3rd quarter. State Street Corp now owns 372,033 shares of the financial services provider’s stock worth $7,072,000 after buying an additional 6,809 shares during the last quarter. Barclays PLC lifted its stake 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. Geode Capital Management LLC lifted its stake in shares of West Bancorporation by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 356,288 shares of the financial services provider’s stock worth $6,775,000 after buying an additional 7,320 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of West Bancorporation by 267.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider’s stock worth $493,000 after buying an additional 18,885 shares during the last quarter. Institutional investors and hedge funds own 44.30% of the company’s stock.

West Bancorporation Price Performance

WTBA stock opened at $20.22 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.86. West Bancorporation, Inc. has a 12 month low of $15.80 and a 12 month high of $24.85. The firm has a market cap of $340.36 million, a P/E ratio of 14.14 and a beta of 0.95. The company’s 50-day moving average price is $21.56 and its two-hundred day moving average price is $21.44.

West Bancorporation (NASDAQ:WTBA) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. West Bancorporation had a net margin of 12.12% and a return on equity of 10.56%. During the same period last year, the company posted $0.27 EPS. On average, analysts anticipate that West Bancorporation, Inc. will post 1.65 earnings per share 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 paid a $0.25 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.95%. West Bancorporation’s payout ratio is currently 69.93%.

Wall Street Analysts Forecast Growth

A number of research firms recently 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 lowered their price target on shares of West Bancorporation from $25.00 to $23.00 and set a “neutral” rating on the stock in a research 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.