West Bancorporation (NASDAQ:WTBA) Stock Price Crosses Above 200 Day Moving Average of $17.76

West Bancorporation, Inc. (NASDAQ:WTBA) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.76 and traded as high as $20.24. West Bancorporation shares last traded at $20.07, with a volume of 11,610 shares changing hands.

West Bancorporation Stock Performance

The company has a market capitalization of $335.44 million, a P/E ratio of 15.11 and a beta of 0.98. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. The business’s fifty day simple moving average is $18.97 and its 200-day simple moving average is $17.77.

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

West Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors 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 currently 75.76%.

Hedge Funds Weigh In On West Bancorporation

Large investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC grew its holdings in West Bancorporation by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 199,435 shares of the financial services provider’s stock valued at $3,570,000 after purchasing an additional 39,675 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of West Bancorporation by 280.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 48,424 shares of the financial services provider’s stock valued at $867,000 after buying an additional 35,680 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of West Bancorporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 733,742 shares of the financial services provider’s stock worth $13,083,000 after buying an additional 21,604 shares during the period. Choreo LLC bought a new stake in shares of West Bancorporation during the 2nd quarter worth approximately $267,000. Finally, Quadrature Capital Ltd purchased a new position in West Bancorporation during the 1st quarter valued at $196,000. Institutional investors own 44.30% of the company’s stock.

West Bancorporation Company 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.