West Bancorporation, Inc. (NASDAQ:WTBA) CEO David D. Nelson Purchases 505 Shares

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

West Bancorporation stock opened at $25.26 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.83. West Bancorporation, Inc. has a 12-month low of $23.44 and a 12-month high of $34.50. The firm’s fifty day moving average is $25.72 and its 200 day moving average is $28.96. The company has a market capitalization of $420.10 million, a PE ratio of 8.31 and a beta of 0.95.

West Bancorporation (NASDAQ:WTBAGet Rating) last released its earnings results on Thursday, April 28th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.08. West Bancorporation had a net margin of 43.35% and a return on equity of 20.50%. During the same quarter in the prior year, the firm posted $0.70 EPS. Sell-side analysts expect that West Bancorporation, Inc. will post 2.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 10th. This represents a $1.00 annualized dividend and a yield of 3.96%. West Bancorporation’s payout ratio is 32.89%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in West Bancorporation by 0.3% during the fourth quarter. BlackRock Inc. now owns 1,022,682 shares of the financial services provider’s stock worth $31,775,000 after buying an additional 2,594 shares during the last quarter. West Bancorporation Inc. raised its holdings in West Bancorporation by 601.3% during the first quarter. West Bancorporation Inc. now owns 403,571 shares of the financial services provider’s stock worth $10,981,000 after buying an additional 346,022 shares during the last quarter. State Street Corp raised its holdings in West Bancorporation by 1.7% during the first quarter. State Street Corp now owns 351,679 shares of the financial services provider’s stock worth $9,569,000 after buying an additional 5,893 shares during the last quarter. Renaissance Technologies LLC raised its holdings in West Bancorporation by 2.7% during the fourth quarter. Renaissance Technologies LLC now owns 285,251 shares of the financial services provider’s stock worth $8,863,000 after buying an additional 7,399 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in West Bancorporation by 1.9% during the third quarter. Geode Capital Management LLC now owns 272,265 shares of the financial services provider’s stock worth $8,176,000 after buying an additional 5,101 shares during the last quarter. Hedge funds and other institutional investors own 39.75% of the company’s stock.

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

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