JPMorgan Chase & Co. Raises Stock Holdings in West Bancorporation, Inc. (NASDAQ:WTBA)

JPMorgan Chase & Co. raised its stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 121.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 57,439 shares of the financial services provider’s stock after acquiring an additional 31,493 shares during the period. JPMorgan Chase & Co. owned approximately 0.34% of West Bancorporation worth $1,244,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in West Bancorporation by 1.9% in the third quarter. State Street Corp now owns 372,033 shares of the financial services provider’s stock worth $7,072,000 after purchasing an additional 6,809 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $6,775,000 after buying an additional 7,320 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of West Bancorporation by 17.0% during the 4th quarter. Bank of New York Mellon Corp now owns 125,049 shares of the financial services provider’s stock valued at $2,707,000 after buying an additional 18,154 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of West Bancorporation in the 4th quarter worth $785,000. Finally, Mutual Advisors LLC grew its holdings in shares of West Bancorporation by 2.6% in the fourth quarter. Mutual Advisors LLC now owns 28,176 shares of the financial services provider’s stock worth $594,000 after acquiring an additional 713 shares during the period. Hedge funds and other institutional investors own 44.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WTBA shares. StockNews.com raised West Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Piper Sandler dropped their price objective on shares of West Bancorporation from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

West Bancorporation Trading Up 1.8 %

Shares of WTBA stock opened at $19.03 on Friday. West Bancorporation, Inc. has a 1 year low of $16.18 and a 1 year high of $24.85. The firm has a fifty day moving average price of $20.16 and a 200-day moving average price of $21.47. The company has a market cap of $320.33 million, a price-to-earnings ratio of 13.31 and a beta of 0.91. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. The business had revenue of $23.10 million during the quarter, compared to analysts’ expectations of $21.61 million. As a group, equities analysts predict that West Bancorporation, Inc. will post 1.65 earnings per share for the current year.

West Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Wednesday, May 7th. West Bancorporation’s payout ratio is 69.93%.

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.