Insider Buying: West Bancorporation, Inc. (NASDAQ:WTBA) CEO Buys 505 Shares of Stock

West Bancorporation, Inc. (NASDAQ:WTBAGet Rating) CEO David D. Nelson purchased 505 shares of the firm’s stock in a transaction on Wednesday, May 25th. The shares were acquired at an average cost of $24.63 per share, for a total transaction of $12,438.15. Following the completion of the acquisition, the chief executive officer now owns 104,724 shares of the company’s stock, valued at $2,579,352.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of WTBA stock traded up $0.21 during trading hours on Friday, hitting $25.26. The stock had a trading volume of 20,403 shares, compared to its average volume of 23,800. West Bancorporation, Inc. has a one year low of $23.44 and a one year high of $34.50. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s 50-day moving average price is $25.79 and its two-hundred day moving average price is $29.01. The stock has a market capitalization of $420.10 million, a price-to-earnings ratio of 8.24 and a beta of 0.95.

West Bancorporation (NASDAQ:WTBAGet Rating) last issued its earnings results on Thursday, April 28th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.08. West Bancorporation had a return on equity of 20.50% and a net margin of 43.35%. During the same period in the previous year, the business earned $0.70 EPS. As a group, equities research analysts predict that West Bancorporation, Inc. will post 2.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th were given a $0.25 dividend. The ex-dividend date was Tuesday, May 10th. This represents a $1.00 annualized dividend and a yield of 3.96%. West Bancorporation’s dividend payout ratio is currently 32.89%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its position in West Bancorporation by 938.6% in the first quarter. Captrust Financial Advisors now owns 1,049 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 948 shares in the last quarter. Marshall Wace LLP purchased a new position in West Bancorporation in the fourth quarter worth about $46,000. Citigroup Inc. boosted its position in shares of West Bancorporation by 128.4% during the third quarter. Citigroup Inc. now owns 1,834 shares of the financial services provider’s stock valued at $55,000 after buying an additional 1,031 shares during the period. Iron Horse Wealth Management LLC boosted its position in shares of West Bancorporation by 3,754.0% during the first quarter. Iron Horse Wealth Management LLC now owns 3,854 shares of the financial services provider’s stock valued at $105,000 after buying an additional 3,754 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of West Bancorporation by 157.0% during the third quarter. BNP Paribas Arbitrage SA now owns 3,963 shares of the financial services provider’s stock valued at $119,000 after buying an additional 2,421 shares during the period. Institutional investors own 39.75% of the company’s stock.

A number of equities research analysts have commented on WTBA shares. StockNews.com started coverage on West Bancorporation in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised West Bancorporation from a “sell” rating to a “hold” rating in a report on Thursday, May 5th.

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.

Read More

Insider Buying and Selling by Quarter for West Bancorporation (NASDAQ:WTBA)

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.