West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report) Director Steven Gaer sold 6,215 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $31.13, for a total value of $193,472.95. Following the transaction, the director owned 19,236 shares in the company, valued at $598,816.68. The trade was a 24.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
West Bancorporation Trading Down 0.6%
Shares of WTBA stock traded down $0.18 during trading hours on Friday, hitting $30.53. 34,590 shares of the company were exchanged, compared to its average volume of 61,185. The firm has a market cap of $520.23 million, a P/E ratio of 12.99 and a beta of 0.70. West Bancorporation, Inc. has a fifty-two week low of $20.89 and a fifty-two week high of $31.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50 day simple moving average of $29.37 and a two-hundred day simple moving average of $26.31.
West Bancorporation (NASDAQ:WTBA - Get Free Report) last released its earnings results on Thursday, October 29th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.67. West Bancorporation had a net margin of 19.83% and a return on equity of 16.09%. The company had revenue of $29.20 million for the quarter, compared to the consensus estimate of $28.95 million. Equities analysts anticipate that West Bancorporation, Inc. will post 2.61 EPS for the current year.
West Bancorporation Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, November 10th. West Bancorporation's dividend payout ratio (DPR) is presently 44.26%.
Institutional Trading of West Bancorporation
A number of institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC lifted its holdings in West Bancorporation by 332.0% during the second quarter. Squarepoint Ops LLC now owns 36,548 shares of the financial services provider's stock worth $970,000 after acquiring an additional 28,087 shares during the period. Quantinno Capital Management LP raised its holdings in shares of West Bancorporation by 28.8% in the 1st quarter. Quantinno Capital Management LP now owns 34,480 shares of the financial services provider's stock worth $820,000 after purchasing an additional 7,702 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of West Bancorporation by 83.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,411 shares of the financial services provider's stock worth $39,000 after purchasing an additional 642 shares during the period. Independent Wealth Network Inc. lifted its stake in West Bancorporation by 3.1% in the third quarter. Independent Wealth Network Inc. now owns 15,260 shares of the financial services provider's stock valued at $435,000 after purchasing an additional 465 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in West Bancorporation by 4.2% in the second quarter. Sequoia Financial Advisors LLC now owns 11,186 shares of the financial services provider's stock valued at $297,000 after purchasing an additional 448 shares during the last quarter. 44.30% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on WTBA. Hovde Group upped their price objective on shares of West Bancorporation from $25.50 to $28.00 and gave the company a "market perform" rating in a report on Friday, July 24th. Piper Sandler raised their target price on West Bancorporation from $27.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, July 27th. Weiss Ratings raised West Bancorporation from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Finally, Wall Street Zen lowered West Bancorporation from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $29.00.
Read Our Latest Report on WTBA
About West Bancorporation
(
Get Free Report)
West Bancorporation, Inc (NASDAQ: WTBA) is a bank holding company headquartered in West Des Moines, Iowa. It operates primarily through West Bank, a community banking institution that provides financial services to businesses, individuals and nonprofit organizations.
West Bank offers commercial and consumer lending, including commercial real estate, business, residential real estate and personal loans. Its deposit products include checking, savings, money market and certificate of deposit accounts, while additional services include treasury management, online and mobile banking, cash management and trust or wealth management services.
Founded in 1893, West Bank serves communities primarily in central and eastern Iowa, with a presence in the Des Moines metropolitan area and other Iowa markets.
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