West Bancorporation, Inc. (NASDAQ:WTBA) Director Douglas R. Gulling Sells 4,000 Shares

West Bancorporation, Inc. (NASDAQ:WTBA) Director Douglas R. Gulling sold 4,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $23.61, for a total value of $94,440.00. Following the completion of the transaction, the director now directly owns 80,709 shares of the company’s stock, valued at approximately $1,905,539.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

West Bancorporation Stock Performance

Shares of NASDAQ WTBA opened at $24.02 on Wednesday. West Bancorporation, Inc. has a 1 year low of $15.80 and a 1 year high of $24.85. The firm has a market cap of $404.26 million, a P/E ratio of 18.77 and a beta of 0.95. The stock has a fifty day moving average price of $20.01 and a two-hundred day moving average price of $18.81. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95.

West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $50.97 million during the quarter, compared to analysts’ expectations of $20.00 million. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. During the same quarter last year, the business posted $0.35 earnings per share. Research analysts forecast that West Bancorporation, Inc. will post 1.4 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.16%. West Bancorporation’s dividend payout ratio is currently 78.13%.

Institutional Trading of West Bancorporation

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in West Bancorporation by 3.0% during the first quarter. Vanguard Group Inc. now owns 733,742 shares of the financial services provider’s stock worth $13,083,000 after buying an additional 21,604 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of West Bancorporation by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 230,629 shares of the financial services provider’s stock worth $4,384,000 after acquiring an additional 31,194 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of West Bancorporation by 3.9% during the 2nd quarter. Renaissance Technologies LLC now owns 216,752 shares of the financial services provider’s stock worth $3,880,000 after acquiring an additional 8,200 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of West Bancorporation by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 120,264 shares of the financial services provider’s stock worth $2,153,000 after acquiring an additional 3,945 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of West Bancorporation by 280.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 48,424 shares of the financial services provider’s stock worth $867,000 after purchasing an additional 35,680 shares during the period. 44.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WTBA. StockNews.com raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Piper Sandler upped their price target on shares of West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th.

About West Bancorporation

West Bancorporation, Inc operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.