Quadrature Capital Ltd Makes New $335,000 Investment in West Bancorporation, Inc. (NASDAQ:WTBA)

Quadrature Capital Ltd bought a new stake in West Bancorporation, Inc. (NASDAQ:WTBA – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,081 shares of the financial services provider’s stock, valued at approximately $335,000. Quadrature Capital Ltd owned 0.10% of West Bancorporation at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WTBA. FMR LLC boosted its holdings in West Bancorporation by 1.7% during the 2nd quarter. FMR LLC now owns 924,152 shares of the financial services provider’s stock valued at $22,494,000 after acquiring an additional 15,522 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of West Bancorporation by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 703,216 shares of the financial services provider’s stock worth $14,634,000 after purchasing an additional 6,249 shares during the last quarter. State Street Corp increased its stake in West Bancorporation by 1.7% in the 1st quarter. State Street Corp now owns 351,679 shares of the financial services provider’s stock worth $9,569,000 after buying an additional 5,893 shares during the period. Bank of New York Mellon Corp boosted its position in West Bancorporation by 4.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 130,752 shares of the financial services provider’s stock valued at $2,721,000 after buying an additional 5,791 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in West Bancorporation by 6.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 108,891 shares of the financial services provider’s stock worth $2,266,000 after acquiring an additional 6,300 shares in the last quarter. Institutional investors own 42.05% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised West Bancorporation from a “sell” rating to a “hold” rating in a research report on Wednesday, February 8th.

West Bancorporation Stock Down 0.8 %

NASDAQ:WTBA opened at $19.05 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.88. West Bancorporation, Inc. has a 1-year low of $18.54 and a 1-year high of $28.86. The company has a 50-day moving average of $22.22 and a 200 day moving average of $22.77. The firm has a market cap of $316.99 million, a PE ratio of 6.93 and a beta of 0.86.

West Bancorporation (NASDAQ:WTBA – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.05). The business had revenue of $22.93 million for the quarter, compared to analysts’ expectations of $24.90 million. West Bancorporation had a net margin of 34.74% and a return on equity of 21.52%. As a group, research analysts anticipate that West Bancorporation, Inc. will post 1.75 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.25%. The ex-dividend date was Tuesday, February 7th. West Bancorporation’s payout ratio is 36.36%.

About West Bancorporation

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West Bancorp, Inc is a financial holding company, which engages in the provision of commercial banking services through its subsidiary, West Bank. It offers personal banking, business banking, and investments and trust. The firm operates in the following markets: central Iowa, which is generally the greater Des Moines metropolitan area, eastern Iowa, which includes the area surrounding Iowa City and Coralville, and southern Minnesota, which includes the cities of Rochester, Owatonna, Mankato, and St.