Insider Buying: West Bancorporation, Inc. (NASDAQ:WTBA) Director Buys 1,000 Shares of Stock

West Bancorporation, Inc. (NASDAQ:WTBA) Director Patrick J. Donovan purchased 1,000 shares of West Bancorporation stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $23.99 per share, with a total value of $23,990.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of WTBA traded up $0.23 during trading hours on Tuesday, hitting $24.43. The company had a trading volume of 24,000 shares, compared to its average volume of 26,918. The company has a market capitalization of $394.92 million, a PE ratio of 13.94 and a beta of 0.66. 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 one year low of $18.06 and a one year high of $24.61. The company’s fifty day moving average price is $22.87 and its two-hundred day moving average price is $21.64.

West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. West Bancorporation had a return on equity of 14.27% and a net margin of 27.17%. The company had revenue of $19.27 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.44%. The ex-dividend date is Tuesday, November 5th.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in West Bancorporation by 5.0% during the 2nd quarter. BlackRock Inc. now owns 1,049,636 shares of the financial services provider’s stock valued at $22,271,000 after buying an additional 49,818 shares in the last quarter. Vanguard Group Inc. increased its position in West Bancorporation by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 658,171 shares of the financial services provider’s stock valued at $13,967,000 after buying an additional 7,520 shares in the last quarter. Renaissance Technologies LLC increased its position in West Bancorporation by 0.7% during the 2nd quarter. Renaissance Technologies LLC now owns 353,852 shares of the financial services provider’s stock valued at $7,509,000 after buying an additional 2,300 shares in the last quarter. Iowa State Bank increased its position in West Bancorporation by 437.8% during the 3rd quarter. Iowa State Bank now owns 59,521 shares of the financial services provider’s stock valued at $1,294,000 after buying an additional 48,454 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in West Bancorporation by 13.8% during the 3rd quarter. California Public Employees Retirement System now owns 45,958 shares of the financial services provider’s stock valued at $999,000 after buying an additional 5,559 shares in the last quarter. 37.28% of the stock is currently owned by institutional investors.

WTBA has been the subject of several recent research reports. ValuEngine lowered West Bancorporation from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. BidaskClub lowered West Bancorporation from a “buy” rating to a “hold” rating in a research report on Saturday.

About West Bancorporation

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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