WEST BANCORPORATION INC
WTBA · State Commercial Banks · 17.0M shares · +0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $15M (gross $16M, SBC $1M)
Reference price $21.71 · est. market cap ~$370M — last insider sale, 2025-11-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70West Bancorporation — Iowa bank with high ROE on a lean balance sheet.
Strengths
- ROE 12.2% (79th pct), strong cash (82nd)
- Efficient, low-cost model
Risks
- Low ROA (25th) — leveraged equity returns
- Regional concentration; rate sensitivity
Notable findings
- Strong balance sheetStrong balance sheet — $471M cash & investments
Key metrics
Return on equity
12.2%
Return on assets
0.8%
Net-income growth
35.4%
Free cash flow
$43M
Tangible book value
$266M
Cash & investments
$471M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-23 | Parson Rosemary | Grant | 1.4K | — |
| 2026-04-23 | Elming Lisa J | Grant | 1.4K | — |
| 2026-04-23 | McMurray Sean Patrick | Grant | 1.4K | — |
| 2026-04-23 | Sorensen John Kevin | Grant | 1.4K | — |
| 2026-04-23 | GAER STEVEN K | Grant | 1.4K | — |
| 2026-04-23 | Vaughan Therese M | Grant | 1.4K | — |
| 2026-04-23 | GULLING DOUGLAS R | Grant | 1.4K | — |
| 2026-03-25 | NELSON DAVID D | Tax withheld | 6.8K | $23.71 |
| 2026-03-25 | Peters Bradley P | Tax withheld | 6.1K | $23.71 |
| 2026-03-25 | OLAFSON HARLEE | Tax withheld | 6.3K | $23.71 |
| 2026-03-25 | FUNK JANE M | Tax withheld | 6.0K | $23.71 |
| 2026-03-25 | WINTERBOTTOM BRAD L | Tax withheld | 6.2K | $23.71 |
| 2026-02-23 | Peters Bradley P | Grant | 15K | — |
| 2026-02-23 | OLAFSON HARLEE | Grant | 15K | — |
| 2026-02-23 | FUNK JANE M | Grant | 15K | — |
| 2026-02-23 | NELSON DAVID D | Grant | 17K | — |
| 2026-02-23 | WINTERBOTTOM BRAD L | Grant | 15K | — |
| 2026-02-17 | NOYCE JAMES | Gift | 1.0K | — |
| 2025-11-24 | MILLIGAN GEORGE D | Sell | 10K | $21.71 |
| 2025-11-21 | MILLIGAN GEORGE D | Sell | 5.8K | $22.00 |
| 2025-11-11 | GULLING DOUGLAS R | Sell | 7.9K | $21.75 |
| 2025-05-06 | NELSON DAVID D | Gift | 9.4K | — |
| 2025-05-06 | NELSON DAVID D | Gift | 9.4K | — |
| 2025-04-24 | GAER STEVEN K | Grant | 1.7K | — |
| 2025-04-24 | NOYCE JAMES | Grant | 1.7K | — |
| 2025-04-24 | McMurray Sean Patrick | Grant | 1.7K | — |
| 2025-04-24 | Vaughan Therese M | Grant | 1.7K | — |
| 2025-04-24 | GULLING DOUGLAS R | Grant | 1.7K | — |
| 2025-04-24 | MILLIGAN GEORGE D | Grant | 1.7K | — |
| 2025-04-24 | Parson Rosemary | Grant | 1.7K | — |
| 2025-04-24 | Elming Lisa J | Grant | 1.7K | — |
| 2025-03-25 | WINTERBOTTOM BRAD L | Tax withheld | 7.0K | $20.02 |
| 2025-03-25 | Peters Bradley P | Tax withheld | 5.6K | $20.02 |
| 2025-03-25 | OLAFSON HARLEE | Tax withheld | 7.3K | $20.02 |
| 2025-03-25 | NELSON DAVID D | Tax withheld | 7.2K | $20.02 |
| 2025-03-25 | FUNK JANE M | Tax withheld | 5.2K | $20.02 |
| 2025-02-19 | NELSON DAVID D | Buy | 639 | $22.27 |
| 2025-02-17 | NELSON DAVID D | Grant | 17K | — |
| 2025-02-17 | WINTERBOTTOM BRAD L | Grant | 15K | — |
| 2025-02-17 | OLAFSON HARLEE | Grant | 15K | — |
| 2025-02-17 | Peters Bradley P | Grant | 15K | — |
| 2025-02-17 | FUNK JANE M | Grant | 15K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-04-24 | Shareholder voteExhibits | filing ↗ |
| 2026-04-23 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-29 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-23 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-17 | Exec/director change | filing ↗ |
| 2025-07-24 | ResultsReg FDExhibits | filing ↗ |
| 2025-06-12 | Reg FDExhibits | filing ↗ |
| 2025-04-25 | Shareholder voteExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-04-24 | 2026-04-23 | 0001166928-26-000029 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0001166928-26-000024 ↗ |
| 10-Q | 2026-04-23 | 2026-03-31 | 0001166928-26-000023 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001166928-26-000010 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0001166928-26-000002 ↗ |
| 8-K | 2025-10-23 | 2025-10-23 | 0001166928-25-000082 ↗ |
| 10-Q | 2025-10-23 | 2025-09-30 | 0001166928-25-000081 ↗ |
| 8-K | 2025-10-17 | 2025-10-14 | 0001166928-25-000078 ↗ |
| 8-K | 2025-07-24 | 2025-07-24 | 0001166928-25-000067 ↗ |
| 10-Q | 2025-07-24 | 2025-06-30 | 0001166928-25-000068 ↗ |
| 8-K | 2025-06-12 | 2025-06-12 | 0001166928-25-000061 ↗ |
| 8-K | 2025-04-25 | 2025-04-24 | 0001166928-25-000036 ↗ |