West Bancorporation (NASDAQ:WTBA) Director George Milligan Sells 10,000 Shares of Stock

West Bancorporation, Inc. (NASDAQ:WTBA) Director George Milligan sold 10,000 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $21.71, for a total transaction of $217,100.00. Following the completion of the transaction, the director directly owned 53,195 shares of the company’s stock, valued at $1,154,863.45. The trade was a 15.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

West Bancorporation Trading Up 2.2%

NASDAQ:WTBA traded up $0.48 on Tuesday, reaching $22.30. The stock had a trading volume of 37,216 shares, compared to its average volume of 32,716. West Bancorporation, Inc. has a 12-month low of $17.31 and a 12-month high of $24.39. The company has a market cap of $377.78 million, a price-to-earnings ratio of 11.74 and a beta of 0.91. The firm’s fifty day moving average is $20.77 and its two-hundred day moving average is $19.95. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.97 and a quick ratio of 0.97.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. The business had revenue of $25.07 million during the quarter, compared to analyst estimates of $24.20 million. West Bancorporation had a net margin of 16.04% and a return on equity of 13.40%. Equities analysts expect that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.

West Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th were issued a $0.25 dividend. The ex-dividend date was Wednesday, November 5th. This represents a $1.00 annualized dividend and a yield of 4.5%. West Bancorporation’s payout ratio is 52.63%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Piper Sandler increased their price target on West Bancorporation from $20.50 to $24.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of West Bancorporation in a research note on Monday. Finally, Zacks Research raised West Bancorporation from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Institutional Trading of West Bancorporation

Several institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP raised its position in shares of West Bancorporation by 32.9% in the 1st quarter. Trexquant Investment LP now owns 21,854 shares of the financial services provider’s stock worth $436,000 after buying an additional 5,410 shares during the period. Mutual Advisors LLC grew its position in West Bancorporation by 8.9% during the second quarter. Mutual Advisors LLC now owns 28,674 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 2,338 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in West Bancorporation during the first quarter worth about $634,000. Nuveen LLC purchased a new position in shares of West Bancorporation in the 1st quarter worth about $913,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of West Bancorporation in the 2nd quarter worth about $389,000. 44.30% of the stock is owned by hedge funds and other institutional investors.

West Bancorporation Company Profile

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.