Michael J. Gerdin Sells 2,500 Shares of West Bancorp Inc. (WTBA) Stock
West Bancorp Inc. (NASDAQ:WTBA) Director Michael J. Gerdin sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $22.88, for a total value of $57,200.00. Following the transaction, the director now directly owns 6,100 shares of the company’s stock, valued at $139,568. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
West Bancorp Inc. (NASDAQ:WTBA) opened at 23.30 on Monday. West Bancorp Inc. has a 52 week low of $16.04 and a 52 week high of $23.75. The stock’s 50 day moving average price is $19.96 and its 200 day moving average price is $19.15. The firm has a market capitalization of $375.99 million, a P/E ratio of 16.41 and a beta of 0.97.
West Bancorp (NASDAQ:WTBA) last released its quarterly earnings results on Thursday, October 27th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. West Bancorp had a return on equity of 14.44% and a net margin of 31.57%. On average, equities analysts expect that West Bancorp Inc. will post $1.40 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, November 7th. This represents a $0.68 dividend on an annualized basis and a yield of 2.92%. West Bancorp’s dividend payout ratio is presently 47.89%.
About West Bancorp
West Bancorporation, Inc is a bank holding company of West Bank, which is a business-focused community bank. It operates through banking segment. The Company operates in approximately 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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