Harlee Olafson Sells 2,500 Shares of West Bancorp Inc. (WTBA) Stock
West Bancorp Inc. (NASDAQ:WTBA) insider Harlee Olafson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $23.10, for a total value of $57,750.00. Following the transaction, the insider now owns 49,977 shares in the company, valued at approximately $1,154,468.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
West Bancorp Inc. (NASDAQ:WTBA) opened at 23.35 on Thursday. The firm’s 50 day moving average price is $20.39 and its 200-day moving average price is $19.30. West Bancorp Inc. has a 12-month low of $16.04 and a 12-month high of $23.95. The stock has a market cap of $376.80 million, a P/E ratio of 16.44 and a beta of 0.97.
West Bancorp (NASDAQ:WTBA) last issued its quarterly earnings data on Thursday, October 27th. The financial services provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. West Bancorp had a return on equity of 14.44% and a net margin of 31.57%. Equities research analysts anticipate that West Bancorp Inc. will post $1.40 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, November 7th. West Bancorp’s payout ratio is 47.89%.
West Bancorp Company Profile
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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