Key Points
- Director George Milligan sold 5,826 shares of West Bancorporation (NASDAQ:WTBA) on Nov. 21 at an average price of $22.00 for $128,172, reducing his stake by 8.44% to 63,195 shares; the trade was disclosed in an SEC filing.
- West Bancorporation reported an EPS beat of $0.55 vs. $0.47 and revenue of $25.07M, trades at a PE of 11.74 with a market cap of about $378M, and carries a consensus analyst rating of Moderate Buy with a $24 target.
- The company pays a quarterly dividend of $0.25 (annualized $1.00) for a yield of approximately 4.5% and a payout ratio of 52.6%, while institutional investors own about 44.3% of the stock and several funds recently increased or initiated positions.
West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report) Director George Milligan sold 5,826 shares of West Bancorporation stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $22.00, for a total transaction of $128,172.00. Following the completion of the transaction, the director owned 63,195 shares in the company, valued at approximately $1,390,290. This trade represents a 8.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
West Bancorporation Price Performance
Shares of NASDAQ:WTBA opened at $22.30 on Wednesday. The company has a market capitalization of $377.78 million, a PE ratio of 11.74 and a beta of 0.91. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average of $20.81 and a 200-day moving average of $19.97. West Bancorporation, Inc. has a one year low of $17.31 and a one year high of $24.39.
West Bancorporation (NASDAQ:WTBA - Get Free Report) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.08. West Bancorporation had a return on equity of 13.40% and a net margin of 16.04%.The business had revenue of $25.07 million for the quarter, compared to analysts' expectations of $24.20 million. As a group, equities analysts anticipate that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.
West Bancorporation Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, November 5th. West Bancorporation's dividend payout ratio (DPR) is 52.63%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its position in West Bancorporation by 10.9% in the 3rd quarter. Alliancebernstein L.P. now owns 20,290 shares of the financial services provider's stock worth $412,000 after buying an additional 2,000 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of West Bancorporation by 102.5% in the third quarter. Two Sigma Investments LP now owns 39,200 shares of the financial services provider's stock worth $797,000 after acquiring an additional 19,846 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of West Bancorporation during the third quarter worth $305,000. Rhino Investment Partners Inc purchased a new stake in shares of West Bancorporation during the third quarter worth $1,918,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in West Bancorporation by 14.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 58,655 shares of the financial services provider's stock valued at $1,192,000 after purchasing an additional 7,428 shares during the last quarter. 44.30% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
WTBA has been the topic of a number of recent analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of West Bancorporation in a report on Monday. Piper Sandler boosted their target price on shares of West Bancorporation from $20.50 to $24.00 and gave the company a "neutral" rating in a research note on Monday, October 27th. Finally, Zacks Research raised West Bancorporation from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.
Read Our Latest Stock Report on WTBA
West Bancorporation Company Profile
(
Get Free Report)
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.
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