Revenue Update on West Bancorporation(NASDAQ:WTBA)

West Bancorporation(NASDAQ:WTBA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $16.18M. Analysts estimated a revenue of $15.85M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.33.

West Bancorporation (WTBA) made into the market gainers list on Thursdays trading session with the shares advancing 0.74% or 0.14 points. Due to strong positive momentum, the stock ended at $18.96, which is also near the day’s high of $19.01. The stock began the session at $18.88 and the volume stood at 9,975 shares. The 52-week high of the shares is $21.09 and the 52 week low is $16.04. The company has a current market capitalization of $306 M and it has 1,61,32,540 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, Philip Jason Worth (director) purchased 100 shares at $17.90 per share price.Also, On Feb 8, 2016, David R Milligan (director) purchased 1,000 shares at $17.00 per share price.On Feb 8, 2016, Marie I Roberts (SVP, CONTROLLER AND CAO) purchased 200 shares at $17.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 which include the greater Des Moines metropolitan area; eastern Iowa which is the area including and surrounding Iowa City and Coralville Iowa and the Rochester Minnesota area. West Bank has eight offices in the Des Moines area one office in Iowa City one office in Coralville and one office in Rochester Minnesota. West Bank offers all basic types of credit to its customers including commercial real estate and consumer loans. West Bank offers trust services including the administration of estates conservatorships personal trusts and agency accounts. West Bank offers a range of deposit services including checking savings money market accounts and time certificates of deposit. In addition West Bank also offers Internet mobile banking and treasury management services.

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