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David D. Nelson, CEO and President of West Bancorporation Inc. (NASDAQ:WTBA), recently acquired 639 shares of the company’s common stock. The regional bank, currently valued at $376 million, has maintained a strong track record of dividend payments for 27 consecutive years, with a current dividend yield of 4.46%. According to InvestingPro analysis, the company remains profitable with a P/E ratio of 15.64. The shares were purchased at a price of $22.27 each, amounting to a total transaction value of $14,230. Following this transaction, Nelson holds 124,866 shares directly. Additionally, he has indirect ownership of 98,034 shares through the Katherine A. Nelson Revocable Trust and 30,190 shares through a 401(k) plan. For deeper insights into WTBA’s valuation and additional financial metrics, check out the comprehensive Pro Research Report available on InvestingPro. The purchase was made on February 19, 2025, and was filed with the SEC the following day. The stock has shown strong momentum, delivering a 34.94% return over the past year and trading near its 52-week high of $24.85.
In other recent news, West Bancorporation reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.42, compared to the forecasted $0.33. The company also exceeded revenue projections, posting $20.85 million against an expected $20.37 million. West Bancorporation’s net income increased to $7.1 million, up from $6.0 million in the previous quarter, indicating a strong financial performance. The firm saw a significant 15.8% growth in core deposit balances throughout 2024, which contributed to a reduction in wholesale funding by over $200 million. Analysts from Piper Sandler expressed interest in the company’s provision for credit losses, which was recorded at $1 million for the quarter. West Bancorporation also highlighted strategic improvements, including a focus on deposit relationships and core banking operations, as part of its outlook for moderate growth in 2025. The company’s credit quality remains strong, with no past-due loans over 30 days and a minimal watch list. The firm continues to anticipate benefits from short-term rate reductions and asset repricing opportunities in the coming year.
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