West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report) CEO David D. Nelson bought 639 shares of West Bancorporation stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average cost of $22.27 per share, for a total transaction of $14,230.53. Following the purchase, the chief executive officer now directly owns 124,866 shares in the company, valued at approximately $2,780,765.82. The trade was a 0.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
West Bancorporation Trading Up 1.5 %
West Bancorporation stock traded up $0.33 during midday trading on Friday, hitting $22.61. 49,047 shares of the stock were exchanged, compared to its average volume of 33,563. The company has a fifty day simple moving average of $21.83 and a two-hundred day simple moving average of $21.09. West Bancorporation, Inc. has a 52 week low of $15.80 and a 52 week high of $24.85. The stock has a market capitalization of $380.53 million, a PE ratio of 15.81 and a beta of 0.97. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.86.
West Bancorporation (NASDAQ:WTBA - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. West Bancorporation had a net margin of 12.12% and a return on equity of 10.56%. During the same quarter last year, the business posted $0.27 EPS. Equities research analysts anticipate that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.
West Bancorporation Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.42%. The ex-dividend date was Wednesday, February 5th. West Bancorporation's payout ratio is 69.93%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC lifted its stake in West Bancorporation by 22.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 282,404 shares of the financial services provider's stock valued at $6,114,000 after buying an additional 51,775 shares in the last quarter. Proficio Capital Partners LLC bought a new position in West Bancorporation in the fourth quarter valued at approximately $785,000. JPMorgan Chase & Co. lifted its stake in West Bancorporation by 121.4% in the fourth quarter. JPMorgan Chase & Co. now owns 57,439 shares of the financial services provider's stock valued at $1,244,000 after buying an additional 31,493 shares in the last quarter. Fortress Financial Group LLC bought a new position in West Bancorporation in the fourth quarter valued at approximately $407,000. Finally, Bank of New York Mellon Corp lifted its stake in West Bancorporation by 17.0% in the fourth quarter. Bank of New York Mellon Corp now owns 125,049 shares of the financial services provider's stock valued at $2,707,000 after buying an additional 18,154 shares in the last quarter. Institutional investors own 44.30% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on WTBA. Piper Sandler reduced their target price on shares of West Bancorporation from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. StockNews.com raised shares of West Bancorporation from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th.
Get Our Latest Research Report on West Bancorporation
About West Bancorporation
(
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.
Further Reading
Before you consider West Bancorporation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and West Bancorporation wasn't on the list.
While West Bancorporation currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
