West Bancorporation (WTBA) Rating Lowered to Sell at BidaskClub

BidaskClub downgraded shares of West Bancorporation (NASDAQ:WTBA) from a hold rating to a sell rating in a research note issued to investors on Tuesday, August 1st.

Shares of West Bancorporation (NASDAQ WTBA) traded up 0.48% on Tuesday, hitting $21.15. The company had a trading volume of 25,110 shares. The firm has a 50-day moving average price of $22.91 and a 200 day moving average price of $22.83. The company has a market capitalization of $342.86 million, a P/E ratio of 14.19 and a beta of 1.06. West Bancorporation has a 12-month low of $18.31 and a 12-month high of $25.05.

West Bancorporation (NASDAQ:WTBA) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $17.41 million during the quarter. West Bancorporation had a return on equity of 14.41% and a net margin of 31.77%. Equities analysts expect that West Bancorporation will post $1.53 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.72 annualized dividend and a yield of 3.42%. West Bancorporation’s dividend payout ratio is presently 48.32%.

In other news, SVP Marie I. Roberts sold 1,681 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $23.33, for a total transaction of $39,217.73. Following the completion of the transaction, the senior vice president now owns 16,500 shares of the company’s stock, valued at approximately $384,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.87% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in West Bancorporation by 2.0% in the second quarter. Wells Fargo & Company MN now owns 10,660 shares of the financial services provider’s stock worth $252,000 after buying an additional 213 shares during the period. Alliancebernstein L.P. purchased a new position in shares of West Bancorporation during the second quarter worth about $376,000. New York State Common Retirement Fund boosted its position in shares of West Bancorporation by 9.6% in the second quarter. New York State Common Retirement Fund now owns 16,000 shares of the financial services provider’s stock worth $378,000 after buying an additional 1,399 shares during the last quarter. OxFORD Asset Management LLP purchased a new position in shares of West Bancorporation during the second quarter worth about $383,000. Finally, Nationwide Fund Advisors boosted its position in shares of West Bancorporation by 10.1% in the second quarter. Nationwide Fund Advisors now owns 17,445 shares of the financial services provider’s stock worth $413,000 after buying an additional 1,600 shares during the last quarter. 29.14% of the stock is owned by institutional investors.

West Bancorporation Company Profile

West Bancorporation, Inc is a bank holding company. The Company owns West Bank, which is a business-focused community bank. The Company operates in three markets, which include central Iowa; eastern Iowa, which is the area including and surrounding Iowa City and Coralville, Iowa, and the Rochester, Minnesota, area.

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