Fortress Financial Group LLC Purchases Shares of 18,816 West Bancorporation, Inc. (NASDAQ:WTBA)

Fortress Financial Group LLC acquired a new position in West Bancorporation, Inc. (NASDAQ:WTBA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,816 shares of the financial services provider’s stock, valued at approximately $407,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. City State Bank lifted its holdings 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 worth $181,000 after purchasing an additional 499 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of West Bancorporation by 11.3% in the fourth quarter. SG Americas Securities LLC now owns 6,658 shares of the financial services provider’s stock worth $144,000 after buying an additional 678 shares in the last quarter. Mutual Advisors LLC boosted its position in shares of West Bancorporation by 2.6% during 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 last quarter. State Street Corp grew its stake in West Bancorporation by 1.9% during the third quarter. State Street Corp now owns 372,033 shares of the financial services provider’s stock valued at $7,072,000 after acquiring an additional 6,809 shares in the last quarter. Finally, De Lisle Partners LLP increased its holdings in West Bancorporation by 27.3% in the 3rd quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider’s stock valued at $612,000 after acquiring an additional 6,893 shares during the last quarter. 44.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

West Bancorporation Trading Down 0.7 %

Shares of WTBA opened at $22.21 on Friday. The stock has a market capitalization of $373.86 million, a PE ratio of 15.53 and a beta of 0.97. The company’s fifty day moving average is $21.79 and its 200 day moving average is $21.24. 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, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $24.85.

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 net margin of 12.12% and a return on equity of 10.56%. During the same period in the prior year, the firm posted $0.27 EPS. Sell-side analysts expect that West Bancorporation, Inc. will post 1.65 earnings per share for the current fiscal year.

West Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.00 annualized dividend and a yield of 4.50%. 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.