West Bancorporation (NASDAQ:WTBA) Director George Milligan Sells 5,826 Shares

West Bancorporation, Inc. (NASDAQ:WTBA) Director George Milligan sold 5,826 shares of West Bancorporation stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $22.00, for a total value of $128,172.00. Following the completion of the sale, the director owned 63,195 shares of the company’s stock, valued at $1,390,290. This trade represents a 8.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

West Bancorporation Price Performance

Shares of West Bancorporation stock opened at $22.30 on Wednesday. The stock has a market capitalization of $377.78 million, a P/E ratio of 11.74 and a beta of 0.91. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.52. The business’s fifty day moving average price is $20.81 and its 200 day moving average price is $19.97. West Bancorporation, Inc. has a twelve month low of $17.31 and a twelve month high of $24.39.

West Bancorporation (NASDAQ:WTBA) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. West Bancorporation had a net margin of 16.04% and a return on equity of 13.40%. The firm had revenue of $25.07 million during the quarter, compared to analysts’ expectations of $24.20 million. As a group, research analysts anticipate that West Bancorporation, Inc. will post 1.65 earnings per share for the current year.

West Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th were paid a $0.25 dividend. The ex-dividend date was Wednesday, November 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. West Bancorporation’s dividend payout ratio is 52.63%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Zacks Research upgraded shares of West Bancorporation from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Piper Sandler boosted their target price on shares of West Bancorporation from $20.50 to $24.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of West Bancorporation in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, West Bancorporation presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Institutional Trading of West Bancorporation

Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its position in West Bancorporation by 4,593.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,455 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,424 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of West Bancorporation by 68.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,618 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 660 shares during the period. CWM LLC boosted its holdings in shares of West Bancorporation by 157.6% in the third quarter. CWM LLC now owns 1,672 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,023 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of West Bancorporation by 662.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,784 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 3,288 shares during the period. Finally, City State Bank raised its holdings in West Bancorporation by 17.6% during the third quarter. City State Bank now owns 9,354 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 44.30% of the company’s stock.

West Bancorporation Company Profile

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.