Wipfli Financial Advisors LLC Invests $29,000 in West Bancorporation, Inc. (NASDAQ:WTBA)

Wipfli Financial Advisors LLC acquired a new position in shares of West Bancorporation, Inc. (NASDAQ:WTBA – Get Rating) in the 3rd quarter, HoldingsChannel reports. The fund acquired 1,373 shares of the financial services provider’s stock, valued at approximately $29,000.

A number of other large investors have also recently made changes to their positions in the company. AE Wealth Management LLC acquired a new stake in shares of West Bancorporation in the 3rd quarter valued at about $590,000. John W. Rosenthal Capital Management Inc. acquired a new stake in shares of West Bancorporation in the 3rd quarter valued at about $1,727,000. Starfox Financial Services LLC acquired a new stake in shares of West Bancorporation in the 3rd quarter valued at about $734,000. LexAurum Advisors LLC acquired a new stake in shares of West Bancorporation in the 3rd quarter valued at about $285,000. Finally, Iowa State Bank acquired a new stake in shares of West Bancorporation in the 3rd quarter valued at about $297,000. 42.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com assumed coverage on West Bancorporation in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Piper Sandler reduced their price objective on West Bancorporation to $23.00 in a research note on Thursday, September 29th.

West Bancorporation Stock Down 1.3 %

WTBA opened at $23.24 on Friday. The business has a 50 day moving average price of $24.06 and a two-hundred day moving average price of $23.65. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.29. The company has a market cap of $386.71 million, a PE ratio of 7.93 and a beta of 0.92. West Bancorporation, Inc. has a 52 week low of $20.39 and a 52 week high of $31.59.

West Bancorporation (NASDAQ:WTBA – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm had revenue of $26.28 million during the quarter, compared to the consensus estimate of $25.90 million. West Bancorporation had a return on equity of 21.66% and a net margin of 39.13%. As a group, research analysts anticipate that West Bancorporation, Inc. will post 2.81 EPS for the current year.

West Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Tuesday, November 8th. West Bancorporation’s dividend payout ratio (DPR) is 34.13%.

About West Bancorporation

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West Bancorporation, Inc operates as the financial holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It accepts various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.