Price T Rowe Associates Inc. MD Purchases 805 Shares of West Bancorporation, Inc. (NASDAQ:WTBA)

Price T Rowe Associates Inc. MD grew its position in West Bancorporation, Inc. (NASDAQ:WTBA) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,928 shares of the financial services provider’s stock after acquiring an additional 805 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.20% of West Bancorporation worth $735,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of West Bancorporation in the fourth quarter valued at $785,000. JPMorgan Chase & Co. raised its stake in shares of West Bancorporation by 121.4% in the 4th quarter. JPMorgan Chase & Co. now owns 57,439 shares of the financial services provider’s stock valued at $1,244,000 after buying an additional 31,493 shares in the last quarter. Fortress Financial Group LLC bought a new position in shares of West Bancorporation during the 4th quarter worth about $407,000. Bank of New York Mellon Corp boosted its position 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 acquiring an additional 18,154 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in West Bancorporation in the fourth quarter valued at about $356,000. Institutional investors and hedge funds own 44.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WTBA. StockNews.com upgraded shares of West Bancorporation from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Piper Sandler decreased 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 Stock Down 0.7%

WTBA opened at $19.39 on Monday. The firm has a market cap of $328.14 million, a price-to-earnings ratio of 13.56 and a beta of 0.89. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50-day simple moving average is $19.62 and its 200-day simple moving average is $21.46. West Bancorporation, Inc. has a twelve month low of $16.25 and a twelve month high of $24.85.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.08. West Bancorporation had a net margin of 12.12% and a return on equity of 10.56%. The company had revenue of $23.10 million during the quarter, compared to analyst estimates of $21.61 million. Equities research analysts anticipate that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.00 annualized dividend and a yield of 5.16%. West Bancorporation’s payout ratio is 64.94%.

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.