There was a significant increase in the number of short positions taken in West Bancorporation, Inc. during December (NASDAQ: WTBA). Compared to the 126,400 shares that were available for a short sale the day before, the 189,400 shares that were available for a short sale on December 30 represent a 49.8% increase. Short sales currently account for 1.3% of the company’s total share capital. The current days-to-cover ratio is 7.0 days, calculated based on an average daily volume of 27,100 shares. This number was arrived at after taking into account historical data.
On Thursday, October 27, West Bancorporation (NASDAQ: WTBA) made public the results of its most recent financial report for the company’s most recent fiscal quarter. Earnings per share for the quarter were reported by the company that specializes in providing financial services at $0.69, which is $0.03 higher than the consensus estimate of $0.66 per share for the quarter. West Bancorporation’s return on equity and net margin came in at 21.66% and 39.13%, respectively, when they were calculated. The company’s sales for the quarter came in at $26.28 million, which is significantly higher than the general expectation of $25.90 million, which was gathered from market analysts. Sell-side analysts have projected that West Bancorporation will bring in $2.81 in earnings per share for the current fiscal year. These estimates were based on previous years’ performance.
West Bancorporation stock was listed for trading on Thursday for $23.55 per share. Trading began that day. During the previous year, the share price of West Bancorporation ranged from a low of $20.39 to a high of $31.97. The company’s moving average over the previous 200 days is $23.65, while the moving average over the previous 50 days is $24.06. The ratio of the company’s earnings to its stock price is 8.04, and its beta value comes in at 0.92. The current value of its market capitalization is determined to be $391.87 million. Although the current ratio, the quick ratio, and the debt-to-equity ratio all come in at 0.87, the debt-to-equity ratio currently stands at 1.29.
Recently, several institutional investors have been buying and selling shares of the company’s stock. These transactions have taken place relatively recently. These dealings have only occurred within the past few years. During the second quarter, Lazard Asset Management LLC made a 43.7% purchase of additional West Bancorporation stock, bringing the total amount of the company’s stock ownership to 100%. After purchasing an additional 491 shares during the most recent quarter, Lazard Asset Management LLC now has a total of 1,615 shares of the company, which has a market capitalization of $39,000. During the most recent quarter, these shares were acquired. UBS Group AG saw a 2.1% rise in the value of its holdings in West Bancorporation during the year’s second quarter. UBS Group AG now holds 27,709 shares, giving it a market capitalization of $674,000. This was achieved after the company made an additional purchase of 580 shares during the most recent quarter. Barclays PLC brought its total ownership of West Bancorporation up to 100 percent during the third quarter by purchasing an additional 82.7% of the company’s shares. Barclays PLC increased its stake in the company by purchasing an additional 672 shares during the most recent fiscal quarter, bringing its total shares to 1,485.
The current market price for these shares is $31,000. Marshall Wace LLP increased the proportion of West Bancorporation stock owned by 4.8% during the third quarter. Marshall Wace LLP now owns a total of 16,343 shares, with a market capitalization of $340,000. This comes from purchasing an additional 7.46 shares during the most recent quarter. In the first three months of the year, there was an increase of 9.8% in the total ownership that First Trust Advisors LP held in West Bancorporation. This was the final and most important point. First Trust Advisors LP increased its overall interest in the shares of the company that provides financial services by purchasing an additional 750 shares of the company during the final three months of 2018, bringing its total number of shares to a total of 2,250. Direct ownership of 8,432 shares of the company, which has a market capitalization of $229,000, has been acquired by First Trust Advisors LP. Hedge funds and other institutional investors own 42.05 percent of the company’s shares.
In addition, the business recently announced and paid a quarterly dividend, which was paid out on November 23, after the dividend was declared and distributed. On Wednesday, November 9, $0.25 dividend payments per share were mailed out to stockholders who already had their information on file. This translates to a yield of 4.25 percent as well as an annual dividend payment of one dollar. This payout’s date of exclusion from the dividend pool was set to be on Tuesday, November 8, which was a day of the week. West Bancorporation’s dividend payout ratio (also known as DPR) stands at 34.13%.
On the WTBA stock, several research analysts have given their opinions. In a report released on Thursday, September 29, Piper Sandler stated that the price objective they had set for the shares of West Bancorporation had been decreased to $23.00. This information was included in the report. StockNews.com debuted its coverage of West Bancorporation shares with the publication of a research note on October 12. This publication marked the start of StockNews.com’s coverage of the company’s shares. They recommended that shareholders “hold” their shares of the company.