Pacific Ridge Capital Partners LLC Cuts Stake in West Bancorporation, Inc. (NASDAQ:WTBA)

Pacific Ridge Capital Partners LLC trimmed its stake in West Bancorporation, Inc. (NASDAQ:WTBA) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 209,319 shares of the financial services provider’s stock after selling 2,343 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 1.24% of West Bancorporation worth $4,532,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. City State Bank grew its position in West Bancorporation by 6.4% during the fourth quarter. City State Bank now owns 8,354 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 499 shares during the period. SG Americas Securities LLC raised its holdings 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 during the period. Mutual Advisors LLC lifted its stake in shares of West Bancorporation by 2.6% in the 4th quarter. Mutual Advisors LLC now owns 28,176 shares of the financial services provider’s stock valued at $594,000 after purchasing an additional 713 shares in the last quarter. State Street Corp grew its holdings in shares of West Bancorporation by 1.9% during the 3rd quarter. State Street Corp now owns 372,033 shares of the financial services provider’s stock worth $7,072,000 after purchasing an additional 6,809 shares during the period. Finally, De Lisle Partners LLP increased its position in West Bancorporation by 27.3% during the 3rd quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 6,893 shares in the last quarter. 44.30% of the stock is currently owned by hedge funds and other institutional investors.

West Bancorporation Trading Up 1.0 %

WTBA opened at $20.22 on Thursday. The firm’s 50 day moving average is $21.51 and its 200-day moving average is $21.46. The firm has a market capitalization of $340.36 million, a P/E ratio of 14.14 and a beta of 0.95. West Bancorporation, Inc. has a 52-week low of $15.80 and a 52-week high of $24.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.86.

West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share (EPS) 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 business earned $0.27 EPS. Analysts expect that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were issued a $0.25 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.95%. West Bancorporation’s dividend payout ratio (DPR) is 69.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Piper Sandler reduced their target price on shares of West Bancorporation from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. StockNews.com upgraded West Bancorporation from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th.

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.