West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report) Director Douglas R. Gulling sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $23.61, for a total transaction of $94,440.00. Following the completion of the transaction, the director now directly owns 80,709 shares of the company's stock, valued at $1,905,539.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
West Bancorporation Stock Performance
Shares of WTBA stock opened at $24.02 on Wednesday. The firm has a market cap of $404.26 million, a P/E ratio of 18.77 and a beta of 0.95. The stock's 50-day moving average is $20.01 and its two-hundred day moving average is $18.81. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95. West Bancorporation, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $24.85.
West Bancorporation (NASDAQ:WTBA - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.04. The business had revenue of $50.97 million for the quarter, compared to the consensus estimate of $20.00 million. West Bancorporation had a net margin of 11.17% and a return on equity of 9.46%. During the same quarter last year, the firm earned $0.35 EPS. Analysts predict that West Bancorporation, Inc. will post 1.4 earnings per share for the current fiscal year.
West Bancorporation Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Wednesday, November 6th. West Bancorporation's payout ratio is 78.13%.
Institutional Investors Weigh In On West Bancorporation
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position 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 valued at $13,083,000 after purchasing an additional 21,604 shares during the period. Aptus Capital Advisors LLC lifted its position in West Bancorporation by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 230,629 shares of the financial services provider's stock worth $4,384,000 after acquiring an additional 31,194 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in West Bancorporation by 3.9% during the second quarter. Renaissance Technologies LLC now owns 216,752 shares of the financial services provider's stock valued at $3,880,000 after acquiring an additional 8,200 shares during the period. Bank of New York Mellon Corp grew its position in shares of West Bancorporation by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 120,264 shares of the financial services provider's stock valued at $2,153,000 after purchasing an additional 3,945 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of West Bancorporation by 280.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 48,424 shares of the financial services provider's stock worth $867,000 after purchasing an additional 35,680 shares during the period. 44.30% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently weighed in on WTBA. Piper Sandler upped their target price on West Bancorporation from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, October 25th. StockNews.com raised shares of West Bancorporation from a "sell" rating to a "hold" rating in a research note on Monday, October 28th.
Get Our Latest Stock Analysis on West Bancorporation
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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