West Bancorporation, Inc. (NASDAQ:WTBA) Director Patrick J. Donovan purchased 1,500 shares of West Bancorporation stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $24.30 per share, for a total transaction of $36,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of West Bancorporation stock traded up $0.07 on Friday, reaching $24.15. The company had a trading volume of 570 shares, compared to its average volume of 20,442. The firm’s 50 day moving average price is $23.03 and its two-hundred day moving average price is $21.69. The firm has a market cap of $400.16 million, a PE ratio of 14.12 and a beta of 0.66. West Bancorporation, Inc. has a 52-week low of $18.06 and a 52-week high of $24.61. The company has a debt-to-equity ratio of 0.97, 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 $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. West Bancorporation had a net margin of 27.17% and a return on equity of 14.27%. The firm had revenue of $19.27 million for the quarter.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can increased its stake in West Bancorporation by 441.6% during the 2nd quarter. Bank of Montreal Can now owns 1,652 shares of the financial services provider’s stock worth $35,000 after buying an additional 1,347 shares during the period. Charles Schwab Investment Management Inc. increased its stake in West Bancorporation by 4.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 37,526 shares of the financial services provider’s stock worth $797,000 after buying an additional 1,486 shares during the period. Rhumbline Advisers increased its stake in West Bancorporation by 6.9% during the 3rd quarter. Rhumbline Advisers now owns 24,612 shares of the financial services provider’s stock worth $535,000 after buying an additional 1,580 shares during the period. Renaissance Technologies LLC increased its stake 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 worth $7,509,000 after buying an additional 2,300 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in West Bancorporation by 16.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 17,215 shares of the financial services provider’s stock worth $365,000 after buying an additional 2,450 shares during the period. 37.28% of the stock is currently owned by hedge funds and other institutional investors.
WTBA has been the topic of a number of research analyst reports. BidaskClub downgraded shares of West Bancorporation from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. ValuEngine downgraded shares of West Bancorporation from a “hold” rating to a “sell” rating in a research note 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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