West Bancorporation, Inc. (NASDAQ:WTBA) Director Patrick J. Donovan purchased 1,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of $24.06 per share, for a total transaction of $36,090.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
NASDAQ WTBA opened at $24.57 on Friday. The company has a market cap of $402.46 million, a P/E ratio of 14.03 and a beta of 0.68. The company has a fifty day simple moving average of $23.82 and a 200 day simple moving average of $21.92. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.97. West Bancorporation, Inc. has a 12-month low of $18.06 and a 12-month high of $24.84.
West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. West Bancorporation had a net margin of 27.17% and a return on equity of 14.27%. The firm had revenue of $19.27 million for the quarter.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Tuesday, November 5th.
Several large investors have recently bought and sold shares of WTBA. Bank of Montreal Can lifted its position in West Bancorporation by 441.6% in the 2nd quarter. Bank of Montreal Can now owns 1,652 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 1,347 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in West Bancorporation during the 3rd quarter worth approximately $125,000. Parametric Portfolio Associates LLC raised its stake in shares of West Bancorporation by 16.6% in the second quarter. Parametric Portfolio Associates LLC now owns 17,215 shares of the financial services provider’s stock worth $365,000 after purchasing an additional 2,450 shares during the last quarter. Gilbert & Cook Inc. purchased a new stake in shares of West Bancorporation in the third quarter worth approximately $411,000. Finally, Morgan Stanley raised its stake in shares of West Bancorporation by 24.4% in the second quarter. Morgan Stanley now owns 21,833 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 4,279 shares during the last quarter. 38.69% of the stock is owned by institutional investors.
WTBA has been the subject of a number of research reports. ValuEngine cut West Bancorporation from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. BidaskClub lowered West Bancorporation from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th.
West Bancorporation Company Profile
West Bancorporation, Inc operates as the financial holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.
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