18,816 Shares in West Bancorporation, Inc. (NASDAQ:WTBA) Bought by Fortress Financial Group LLC

Fortress Financial Group LLC purchased a new stake in shares of West Bancorporation, Inc. (NASDAQ:WTBA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,816 shares of the financial services provider’s stock, valued at approximately $407,000. Fortress Financial Group LLC owned approximately 0.11% of West Bancorporation as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WTBA. Proficio Capital Partners LLC bought a new position in shares of West Bancorporation in the fourth quarter worth approximately $785,000. Bank of New York Mellon Corp raised its holdings in West Bancorporation by 17.0% in the fourth quarter. Bank of New York Mellon Corp now owns 125,049 shares of the financial services provider’s stock worth $2,707,000 after purchasing an additional 18,154 shares in the last quarter. Mutual Advisors LLC lifted its position in West Bancorporation by 2.6% during the 4th quarter. Mutual Advisors LLC now owns 28,176 shares of the financial services provider’s stock valued at $594,000 after acquiring an additional 713 shares during the period. SG Americas Securities LLC boosted its position in shares of West Bancorporation by 11.3% in the 4th 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 in the last quarter. Finally, City State Bank grew its stake in shares of West Bancorporation by 6.4% in the fourth quarter. City State Bank now owns 8,354 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 499 shares during the last quarter. Hedge funds and other institutional investors own 44.30% of the company’s stock.

West Bancorporation Stock Performance

Shares of WTBA opened at $22.21 on Friday. The firm has a market capitalization of $373.86 million, a P/E ratio of 15.53 and a beta of 0.97. 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, Inc. has a one year low of $15.80 and a one year high of $24.85. The business has a fifty day moving average of $21.79 and a 200 day moving average of $21.24.

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

West Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a $0.25 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.50%. West Bancorporation’s dividend payout ratio (DPR) is 69.93%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WTBA shares. StockNews.com upgraded shares of West Bancorporation from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Piper Sandler decreased their price target on West Bancorporation from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

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.