West Bancorporation (NASDAQ:WTBA) SVP Marie I. Roberts sold 1,000 shares of West Bancorporation stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $23.80, for a total value of $23,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
West Bancorporation (NASDAQ:WTBA) traded up $0.25 during midday trading on Thursday, reaching $24.65. The company’s stock had a trading volume of 25,344 shares, compared to its average volume of 21,284. The firm has a market cap of $398.10, a P/E ratio of 16.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.87 and a current ratio of 0.87. West Bancorporation has a 52 week low of $20.60 and a 52 week high of $25.40.
West Bancorporation (NASDAQ:WTBA) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $17.30 million during the quarter. West Bancorporation had a return on equity of 14.48% and a net margin of 31.63%.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Tuesday, November 7th. West Bancorporation’s dividend payout ratio is presently 47.37%.
Several institutional investors have recently made changes to their positions in WTBA. Wells Fargo & Company MN grew its position in shares of West Bancorporation by 2.0% during the second quarter. Wells Fargo & Company MN now owns 10,660 shares of the financial services provider’s stock worth $252,000 after buying an additional 213 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of West Bancorporation during the second quarter worth about $376,000. New York State Common Retirement Fund grew its position in shares of West Bancorporation by 9.6% during the second quarter. New York State Common Retirement Fund now owns 16,000 shares of the financial services provider’s stock worth $378,000 after buying an additional 1,399 shares in the last quarter. OxFORD Asset Management LLP acquired a new position in shares of West Bancorporation during the second quarter worth about $383,000. Finally, Nationwide Fund Advisors grew its position in shares of West Bancorporation by 10.1% during the second quarter. Nationwide Fund Advisors now owns 17,445 shares of the financial services provider’s stock worth $413,000 after buying an additional 1,600 shares in the last quarter. 28.68% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub downgraded West Bancorporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
West Bancorporation Company Profile
West Bancorporation, Inc is a bank holding company. The Company owns West Bank, which is a business-focused community bank. The Company operates in three markets, which include central Iowa; eastern Iowa, which is the area including and surrounding Iowa City and Coralville, Iowa, and the Rochester, Minnesota, area.
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