West Bancorporation (NASDAQ:WTBA) Posts Earnings Results, Beats Estimates By $0.08 EPS

West Bancorporation (NASDAQ:WTBAGet Rating) released its quarterly earnings data on Thursday. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.08, MarketWatch Earnings reports. West Bancorporation had a return on equity of 19.97% and a net margin of 42.40%. During the same period last year, the business earned $0.70 earnings per share.

West Bancorporation stock traded down $0.70 during midday trading on Friday, reaching $25.00. 31,449 shares of the stock traded hands, compared to its average volume of 21,166. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.76. West Bancorporation has a 12 month low of $24.52 and a 12 month high of $34.50. The stock has a market cap of $414.00 million, a P/E ratio of 8.22 and a beta of 0.96. The stock’s fifty day moving average is $27.32 and its 200-day moving average is $29.89.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Tuesday, May 10th. West Bancorporation’s payout ratio is presently 32.89%.

In other West Bancorporation news, EVP Bradley P. Peters bought 4,000 shares of the firm’s stock in a transaction dated Thursday, February 24th. The stock was acquired at an average price of $28.45 per share, for a total transaction of $113,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.74% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in WTBA. Barclays PLC lifted its position in West Bancorporation by 197.0% in the fourth quarter. Barclays PLC now owns 19,514 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 12,943 shares during the period. Bank of America Corp DE lifted its position in West Bancorporation by 23.2% in the fourth quarter. Bank of America Corp DE now owns 17,775 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 3,349 shares during the period. Royal Bank of Canada lifted its position in West Bancorporation by 16.4% in the third quarter. Royal Bank of Canada now owns 15,837 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 2,233 shares during the period. Millennium Management LLC lifted its position in West Bancorporation by 80.9% in the third quarter. Millennium Management LLC now owns 15,192 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 6,795 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in West Bancorporation in the third quarter valued at about $308,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

A number of research firms have recently weighed in on WTBA. Zacks Investment Research raised West Bancorporation from a “sell” rating to a “hold” rating in a research note on Thursday, April 21st. StockNews.com started coverage on West Bancorporation in a research note on Thursday, March 31st. They set a “hold” rating for the company.

About West Bancorporation (Get Rating)

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 accepts various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.

See Also

Earnings History for West Bancorporation (NASDAQ:WTBA)

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