Wipfli Financial Advisors LLC Makes New $29,000 Investment in West Bancorporation, Inc. (NASDAQ:WTBA)

Wipfli Financial Advisors LLC acquired a new position in shares of West Bancorporation, Inc. (NASDAQ:WTBAGet Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,373 shares of the financial services provider’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. John W. Rosenthal Capital Management Inc. purchased a new stake in West Bancorporation in the third quarter valued at $1,727,000. Amalgamated Bank purchased a new stake in West Bancorporation in the first quarter valued at $56,000. Foster Group Inc. raised its position in West Bancorporation by 4.1% in the second quarter. Foster Group Inc. now owns 30,767 shares of the financial services provider’s stock valued at $749,000 after purchasing an additional 1,210 shares during the period. Advisor Group Holdings Inc. raised its position in West Bancorporation by 476.0% in the first quarter. Advisor Group Holdings Inc. now owns 18,132 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 14,984 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in West Bancorporation by 68.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,971 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 1,611 shares during the period. Institutional investors and hedge funds own 42.05% of the company’s stock.

West Bancorporation Price Performance

WTBA stock opened at $23.24 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $386.71 million, a PE ratio of 7.93 and a beta of 0.92. West Bancorporation, Inc. has a 12-month low of $20.39 and a 12-month high of $31.59. The business’s fifty day moving average price is $24.06 and its 200 day moving average price is $23.65.

West Bancorporation (NASDAQ:WTBAGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. West Bancorporation had a return on equity of 21.66% and a net margin of 39.13%. The company had revenue of $26.28 million for the quarter, compared to the consensus estimate of $25.90 million. On average, sell-side analysts anticipate that West Bancorporation, Inc. will post 2.81 EPS for the current year.

West Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $1.00 annualized dividend and a yield of 4.30%. West Bancorporation’s dividend payout ratio (DPR) is 34.13%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WTBA. StockNews.com started coverage on West Bancorporation in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Piper Sandler cut their price objective on West Bancorporation to $23.00 in a report on Thursday, September 29th.

West Bancorporation Company Profile

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West Bancorporation, Inc operates as the financial holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It accepts various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.

Further Reading

Institutional Ownership by Quarter for West Bancorporation (NASDAQ:WTBA)

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