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West Bancorporation Inc Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest, by NELSON DAVID D, was filed 20 Feb 2025.
West Bancorporation Inc: what insiders have been doing
West Bancorporation Inc, classified in the Finance & Banking sector, is a listed company. Its insiders report their share dealings to SEC (Form 4). 14 insiders have disclosed 21 filings since 22 October 2025.
No insider bought on the market over the period, while 2 insiders filed 3 sales totalling €448k. The largest single trade was a sale of €189k by Milligan George D, published on 25 November 2025.
Across the 3,171 companies tracked on its exchange, the median is 24 filings; at 21 filings, this issuer sits below that mark. Since 2016, the database holds 85 purchases and 26 sales by insiders of the company. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported net income of 32.6 m USD, with a dividend of 1.00 USD per share.
The median gap between a trade and its publication by SEC (Form 4) is 1 day. US insiders must file a Form 4 within two business days of a trade. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify.
Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
402
Thresholds
n/a
Buy Volume
€3M
85 ops. · all time
Sell Volume
€2M
26 ops. · all time
Who traded when
BuySaleDouglas R. Gulling3 sales
David D. Nelson2 buys
George D. Milligan2 sales
Since the insiders bought
- +8.4%Entry US$22.61 · Close at T+365 US$24.50
- +3.4%Entry US$16.93 · Close at T+365 US$17.51
- +8.7%Entry US$16.11 · Close at T+365 US$17.51
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 1,021 of 26,250 companies
80.5
score / 100
Value75
Quality86
FCF yld8.7%
Earn yld6.6%
EV/EBITDA·
ROE15%
Gross mgn·
Net mgn34%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$29.02
Analyst consensus
2 analysts3.00/5
US$28.00Target US$29.00(-0%)US$30.00
Income statement
RevenueUS$94.5M
Net incomeUS$32.6M37.1% margin
Valuation
PER (trailing)12.9x
PER (forward)10.3x
P/Book1.8x
Beta0.70
Balance sheet & cash
Market capUS$494.5M
Total debtUS$376.4M
Free Cash FlowUS$43.2M
Profitability & ownership
ROE14.7%
ROA0.9%
% insiders11.0%
% institutions51.8%
Last declaration on 24 April 2026
Declarations402 total
1,430 shares0COMMON STOCKSEC:0001848382-26-000002:0
1,430 shares0COMMON STOCKSEC:0001518982-26-000002:0
1,430 shares0COMMON STOCKSEC:0001575421-26-000002:0
1,430 shares0COMMON STOCKSEC:0001923460-26-000002:0
1,430 shares0COMMON STOCKSEC:0002065530-26-000002:0
1,430 shares0COMMON STOCKSEC:0001332615-26-000002:0
1,430 shares0COMMON STOCKSEC:0001247350-26-000002:0
6,111 shares@ US$23.7129.1% of flowCOMMON STOCKSEC:0001855239-26-000004:0
6,033 shares@ US$23.7136.3% of flowCOMMON STOCKSEC:0001488571-26-000004:0
6,811 shares@ US$23.7115.7% of flowCOMMON STOCKSEC:0001487136-26-000004:0
6,162 shares@ US$23.7118.9% of flowCOMMON STOCKSEC:0001247383-26-000004:0
6,334 shares@ US$23.7119.4% of flowCOMMON STOCKSEC:0001498467-26-000004:0
15,000 shares0COMMON STOCKSEC:0001855239-26-000002:0
15,000 shares0COMMON STOCKSEC:0001498467-26-000002:0
15,000 shares0COMMON STOCKSEC:0001488571-26-000002:0
17,000 shares0COMMON STOCKSEC:0001487136-26-000002:0
15,000 shares0COMMON STOCKSEC:0001247383-26-000002:0
1,000 shares0COMMON STOCKSEC:0001201561-26-000002:0
10,000 shares@ US$21.7119.0% of flowCOMMON STOCKSEC:0001023710-25-000003:1
5,826 shares@ US$22.0039.3% of flowCOMMON STOCKSEC:0001023710-25-000003:0
7,900 shares@ US$21.7512.3% of flowCOMMON STOCKSEC:0001247350-25-000006:0
9,423 shares0COMMON STOCKSEC:0001166928-25-000059:1
9,423 shares0COMMON STOCKSEC:0001166928-25-000059:0
1,738 shares0COMMON STOCKSEC:0001166928-25-000047:0
1,738 shares0COMMON STOCKSEC:0001166928-25-000049:0
25 of 402 declarations
About West Bancorporation Inc
West Bancorporation Inc. (ticker: WTBA) is a U.S.-listed financial company traded on the Nasdaq Global Select Market in the United States. The group is structured around its wholly owned banking subsidiary, West Bank, so its business profile is that of a regional commercial bank holding company rather than a diversified financial conglomerate. Its core revenue model is driven by interest income, deposit gathering, and a mix of commercial banking and treasury-management services serving businesses and individual customers. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1166928/000116692826000010/wtba-20251231.htm?utm_source=openai))
From a historical perspective, West Bank was founded in 1893, while West Bancorporation was organized as a holding company in 1984. That long operating history gives the franchise the profile of an established community bank with deep local roots and a relationship-oriented culture. The company states that its headquarters are in West Des Moines, Iowa, at 3330 Westown Parkway. ([westbankstrong.com](https://www.westbankstrong.com/about_us/?utm_source=openai))
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West Bancorporation’s principal business lines are typical of a mid-sized commercial bank: loans and lines of credit for small and medium-sized businesses, deposit products, cash-management services, and banking solutions for business owners and executives. The company also serves consumer clients through its community-banking platform. In recent disclosures, management has described the franchise as a strong-performing community banking business with a focus on Iowa and Minnesota markets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1166928/000116692825000061/wtba-20250612exhibit991.htm?utm_source=openai))
Geographically, the footprint is concentrated in the U.S. Midwest, especially the Des Moines area and Coralville in Iowa, plus several markets in Minnesota. This regional concentration is a key competitive feature: it allows the bank to maintain close client relationships, local decision-making, and long-term customer retention. The company also emphasizes civic involvement and community engagement across the markets where it operates. ([westbankstrong.com](https://www.westbankstrong.com/about_us/?utm_source=openai))
Competitively, WTBA operates in a crowded regional banking environment where loan quality, deposit discipline, pricing power, and operating efficiency matter. Its proposition is less about national scale and more about relationship banking, a stable regional deposit base, and the ability to provide tailored commercial solutions to middle-market businesses. That positioning is common among high-quality community banks, especially in the U.S. Midwest. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1166928/000116692825000061/wtba-20250612exhibit991.htm?utm_source=openai))
Recent developments visible in SEC filings include regular quarterly and annual reporting, dividend communications, and a February 2026 S-3 registration statement. For investors, WTBA should be viewed as a U.S. regional banking name with a conservative, relationship-driven model, exposed to interest-rate cycles and credit conditions, but supported by an established franchise and a focused geographic presence. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1166928/000116692825000067/wtba-20250724exhibit992.htm?utm_source=openai))
