Aptus Capital Advisors LLC Acquires 39,675 Shares of West Bancorporation, Inc. (NASDAQ:WTBA)

Aptus Capital Advisors LLC grew its holdings in shares of West Bancorporation, Inc. (NASDAQ:WTBA) by 24.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,435 shares of the financial services provider’s stock after purchasing an additional 39,675 shares during the quarter. Aptus Capital Advisors LLC owned about 1.18% of West Bancorporation worth $3,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets grew 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 buying an additional 3,839 shares during the last quarter. Independent Wealth Network Inc. acquired a new position in West Bancorporation in the 1st quarter valued at $182,000. Quadrature Capital Ltd acquired a new position in West Bancorporation in the 1st quarter valued at $196,000. LexAurum Advisors LLC grew its stake in West Bancorporation by 3.2% in the 1st quarter. LexAurum Advisors LLC now owns 28,478 shares of the financial services provider’s stock valued at $508,000 after buying an additional 894 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in West Bancorporation by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,994 shares of the financial services provider’s stock valued at $749,000 after buying an additional 647 shares during the last quarter. 44.30% of the stock is currently owned by institutional investors and hedge funds.

West Bancorporation Stock Performance

NASDAQ:WTBA traded down $0.12 during midday trading on Friday, reaching $19.95. The stock had a trading volume of 26,148 shares, compared to its average volume of 28,538. West Bancorporation, Inc. has a 1-year low of $15.25 and a 1-year high of $22.39. The firm’s fifty day simple moving average is $18.97 and its 200-day simple moving average is $17.78. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $335.76 million, a P/E ratio of 15.11 and a beta of 0.98.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $49.91 million during the quarter, compared to analyst estimates of $19.29 million. West Bancorporation had a return on equity of 9.78% and a net margin of 11.57%. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, equities research analysts forecast that West Bancorporation, Inc. will post 1.3 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a $0.25 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $1.00 annualized dividend and a yield of 5.01%. West Bancorporation’s dividend payout ratio is 75.76%.

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.