West Bancorporation (NASDAQ:WTBA – Get Rating) announced its quarterly earnings results on Thursday. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.08, MarketWatch Earnings reports. West Bancorporation had a return on equity of 19.97% and a net margin of 42.40%. During the same quarter last year, the business posted $0.70 earnings per share.
WTBA opened at $25.00 on Friday. The business has a 50 day moving average price of $27.32 and a 200 day moving average price of $29.89. West Bancorporation has a twelve month low of $24.52 and a twelve month high of $34.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $413.88 million, a P/E ratio of 8.45 and a beta of 0.96.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, May 10th. This represents a $1.00 annualized dividend and a yield of 4.00%. West Bancorporation’s dividend payout ratio (DPR) is currently 33.78%.
In other West Bancorporation news, EVP Bradley P. Peters purchased 4,000 shares of the company’s stock in a transaction on Thursday, February 24th. The shares were bought at an average cost of $28.45 per share, with a total value of $113,800.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.74% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of West Bancorporation by 197.0% in the fourth quarter. Barclays PLC now owns 19,514 shares of the financial services provider’s stock worth $606,000 after acquiring an additional 12,943 shares in the last quarter. BlackRock Inc. lifted its position in shares of West Bancorporation by 0.3% in the fourth quarter. BlackRock Inc. now owns 1,022,682 shares of the financial services provider’s stock valued at $31,775,000 after buying an additional 2,594 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of West Bancorporation by 133.6% during the fourth quarter. Wells Fargo & Company MN now owns 26,782 shares of the financial services provider’s stock worth $833,000 after purchasing an additional 15,315 shares during the period. Deutsche Bank AG increased its stake in shares of West Bancorporation by 5.6% during the fourth quarter. Deutsche Bank AG now owns 9,854 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 520 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of West Bancorporation by 13.8% during the fourth quarter. Parametric Portfolio Associates LLC now owns 41,816 shares of the financial services provider’s stock worth $1,299,000 after purchasing an additional 5,078 shares during the period. 39.34% of the stock is currently owned by institutional investors.
About West Bancorporation (Get Rating)
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 accepts various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.
- Get a free copy of the StockNews.com research report on West Bancorporation (WTBA)
- Why is Chevron Stock Falling After Strong Earnings?
- MarketBeat: Week in Review 4/25 – 4/29
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
Receive News & Ratings for West Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.