West Bancorporation, Inc. (NASDAQ:WTBA) Director Patrick J. Donovan acquired 1,500 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $24.06 per share, with a total value of $36,090.00. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of West Bancorporation stock traded up $0.17 during trading on Wednesday, reaching $24.21. 13,805 shares of the stock traded hands, compared to its average volume of 26,503. The company has a market capitalization of $397.70 million, a price-to-earnings ratio of 14.03 and a beta of 0.68. The business has a fifty day simple moving average of $23.68 and a two-hundred day simple moving average of $21.87. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.95 and a quick ratio of 0.95. West Bancorporation, Inc. has a 52-week low of $18.06 and a 52-week high of $24.83.
West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. The firm had revenue of $19.27 million during the quarter. West Bancorporation had a return on equity of 14.27% and a net margin of 27.17%.
Large investors have recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in shares of West Bancorporation by 441.6% in the 2nd quarter. Bank of Montreal Can now owns 1,652 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 1,347 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of West Bancorporation in the 3rd quarter valued at about $125,000. Parametric Portfolio Associates LLC lifted its holdings in shares of West Bancorporation by 16.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 17,215 shares of the financial services provider’s stock valued at $365,000 after acquiring an additional 2,450 shares during the last quarter. Gilbert & Cook Inc. bought a new position in shares of West Bancorporation in the 3rd quarter valued at about $411,000. Finally, Morgan Stanley lifted its holdings in shares of West Bancorporation by 24.4% in the 2nd quarter. Morgan Stanley now owns 21,833 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 4,279 shares during the last quarter. 38.69% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on WTBA. BidaskClub lowered West Bancorporation from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. ValuEngine lowered West Bancorporation from a “hold” rating to a “sell” rating in a research report on Friday, November 1st.
West Bancorporation Company Profile
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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