West Bancorporation, Inc. (WTBA) Director George D. Milligan Buys 1,500 Shares

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West Bancorporation, Inc. (NASDAQ:WTBA) Director George D. Milligan purchased 1,500 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was acquired at an average price of $21.60 per share, with a total value of $32,400.00. Following the completion of the purchase, the director now owns 20,088 shares of the company’s stock, valued at approximately $433,900.80. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of WTBA stock opened at $21.56 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $347.58 million, a PE ratio of 13.91 and a beta of 0.81. West Bancorporation, Inc. has a fifty-two week low of $21.29 and a fifty-two week high of $28.00.

West Bancorporation (NASDAQ:WTBA) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The firm had revenue of $17.80 million during the quarter, compared to analyst estimates of $18.13 million. West Bancorporation had a net margin of 28.41% and a return on equity of 15.36%. Research analysts anticipate that West Bancorporation, Inc. will post 1.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Tuesday, November 6th. West Bancorporation’s dividend payout ratio is presently 51.61%.

A number of research analysts have recently weighed in on WTBA shares. BidaskClub raised West Bancorporation from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Robert W. Baird started coverage on West Bancorporation in a report on Tuesday, October 16th. They issued an “outperform” rating and a $27.00 price objective on the stock. Finally, ValuEngine lowered West Bancorporation from a “hold” rating to a “sell” rating in a report on Thursday, October 18th.

Several hedge funds have recently made changes to their positions in WTBA. Millennium Management LLC acquired a new stake in West Bancorporation during the first quarter worth about $551,000. Assenagon Asset Management S.A. acquired a new stake in West Bancorporation during the third quarter worth about $541,000. Bank of America Corp DE grew its holdings in West Bancorporation by 23.3% during the second quarter. Bank of America Corp DE now owns 76,794 shares of the financial services provider’s stock worth $1,931,000 after acquiring an additional 14,488 shares during the period. Acadian Asset Management LLC grew its holdings in West Bancorporation by 14.5% during the second quarter. Acadian Asset Management LLC now owns 26,546 shares of the financial services provider’s stock worth $668,000 after acquiring an additional 3,364 shares during the period. Finally, Bailard Inc. acquired a new stake in West Bancorporation during the second quarter worth about $644,000. 33.44% of the stock is currently owned by institutional investors and hedge funds.

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West Bancorporation Company Profile

West Bancorporation, Inc operates as the 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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