Wealth Enhancement Advisory Services LLC Has $430,000 Stock Position in West Bancorporation, Inc. (NASDAQ:WTBA)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 53.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,639 shares of the financial services provider’s stock after selling 25,785 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.13% of West Bancorporation worth $430,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WTBA. SG Americas Securities LLC bought a new stake in West Bancorporation in the third quarter valued at approximately $114,000. BNP Paribas Financial Markets raised its stake in West Bancorporation by 87.2% in the 1st quarter. BNP Paribas Financial Markets now owns 8,240 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 3,839 shares during the period. Independent Wealth Network Inc. acquired a new stake in West Bancorporation during the 1st quarter valued at $182,000. Quadrature Capital Ltd bought a new position in West Bancorporation during the first quarter worth $196,000. Finally, Choreo LLC bought a new position in West Bancorporation during the second quarter worth $267,000. Institutional investors and hedge funds own 44.30% of the company’s stock.

Analyst Upgrades and Downgrades

WTBA has been the subject of a number of research analyst reports. StockNews.com upgraded West Bancorporation from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Piper Sandler increased their price objective on West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th.

West Bancorporation Stock Performance

NASDAQ WTBA opened at $23.93 on Friday. The firm has a 50-day moving average price of $19.93 and a two-hundred day moving average price of $18.75. West Bancorporation, Inc. has a 12-month low of $15.80 and a 12-month high of $24.38. The company has a market capitalization of $402.81 million, a P/E ratio of 18.70 and a beta of 0.95. 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 (NASDAQ:WTBA) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. The business had revenue of $50.97 million during the quarter, compared to analysts’ expectations of $20.00 million. During the same period in the previous year, the company posted $0.35 earnings per share. Analysts anticipate that West Bancorporation, Inc. will post 1.4 earnings per share for the current year.

West Bancorporation Announces Dividend

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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Wednesday, November 6th. West Bancorporation’s dividend payout ratio (DPR) is currently 78.13%.

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.