David D. Nelson Buys 639 Shares of West Bancorporation, Inc. (NASDAQ:WTBA) Stock

West Bancorporation, Inc. (NASDAQ:WTBA) CEO David D. Nelson bought 639 shares of the stock in a transaction dated Wednesday, February 19th. The shares were purchased at an average price of $22.27 per share, for a total transaction of $14,230.53. Following the purchase, the chief executive officer now owns 124,866 shares of the company’s stock, valued at $2,780,765.82. This trade represents a 0.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

West Bancorporation Price Performance

Shares of NASDAQ WTBA traded down $0.14 during midday trading on Thursday, reaching $22.28. The company’s stock had a trading volume of 23,931 shares, compared to its average volume of 30,662. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $374.97 million, a P/E ratio of 15.58 and a beta of 0.97. The business’s 50 day moving average price is $21.85 and its two-hundred day moving average price is $21.08. West Bancorporation, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $24.85.

West Bancorporation (NASDAQ:WTBA) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, analysts forecast that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.

West Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.00 annualized dividend and a yield of 4.49%. West Bancorporation’s dividend payout ratio is 69.93%.

Institutional Investors Weigh In On West Bancorporation

A number of large investors have recently bought and sold shares of WTBA. Aptus Capital Advisors LLC raised its position in shares of West Bancorporation by 22.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 282,404 shares of the financial services provider’s stock valued at $6,114,000 after buying an additional 51,775 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in West Bancorporation during the fourth quarter valued at approximately $785,000. JPMorgan Chase & Co. lifted its stake in West Bancorporation by 121.4% during the fourth quarter. JPMorgan Chase & Co. now owns 57,439 shares of the financial services provider’s stock worth $1,244,000 after purchasing an additional 31,493 shares during the last quarter. Fortress Financial Group LLC acquired a new stake in shares of West Bancorporation in the 4th quarter valued at $407,000. Finally, Bank of New York Mellon Corp increased its stake in shares of West Bancorporation by 17.0% in the 4th quarter. Bank of New York Mellon Corp now owns 125,049 shares of the financial services provider’s stock valued at $2,707,000 after purchasing an additional 18,154 shares during the last quarter. 44.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WTBA has been the topic of several recent research reports. Piper Sandler lowered their price objective on West Bancorporation from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. StockNews.com upgraded shares of West Bancorporation from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th.

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.