Trexquant Investment LP Takes $356,000 Position in West Bancorporation, Inc. (NASDAQ:WTBA)

Trexquant Investment LP purchased a new position in shares of West Bancorporation, Inc. (NASDAQ:WTBA) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 16,444 shares of the financial services provider’s stock, valued at approximately $356,000.

Several other hedge funds also recently bought and sold shares of WTBA. SG Americas Securities LLC lifted its position in shares of West Bancorporation by 11.3% during the fourth quarter. SG Americas Securities LLC now owns 6,658 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 678 shares during the last quarter. City State Bank boosted its position in West Bancorporation by 6.4% in the 4th quarter. City State Bank now owns 8,354 shares of the financial services provider’s stock valued at $181,000 after buying an additional 499 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of West Bancorporation during the fourth quarter worth approximately $232,000. Barclays PLC increased its position in shares of West Bancorporation by 291.2% during the third quarter. Barclays PLC now owns 20,977 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 15,615 shares during the period. Finally, Fortress Financial Group LLC purchased a new stake in shares of West Bancorporation in the fourth quarter valued at approximately $407,000. Institutional investors own 44.30% of the company’s stock.

Analysts Set New Price Targets

WTBA has been the topic of several research reports. StockNews.com upgraded West Bancorporation from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Piper Sandler cut their price target on West Bancorporation from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th.

West Bancorporation Trading Down 0.4 %

NASDAQ:WTBA opened at $18.31 on Monday. The firm has a 50-day simple moving average of $20.80 and a 200-day simple moving average of $21.46. West Bancorporation, Inc. has a one year low of $15.80 and a one year high of $24.85. The firm has a market cap of $308.21 million, a P/E ratio of 12.80 and a beta of 0.91. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95.

West Bancorporation (NASDAQ:WTBA) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. During the same quarter last year, the company earned $0.27 earnings per share. Equities analysts anticipate that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date was Wednesday, February 5th. West Bancorporation’s payout ratio is currently 69.93%.

West Bancorporation Profile

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.