West Bancorporation (NASDAQ:WTBA) PT Raised to $23.00

West Bancorporation (NASDAQ:WTBA - Free Report) had its target price upped by Piper Sandler from $21.00 to $23.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the financial services provider's stock.

West Bancorporation Trading Up 0.7 %

West Bancorporation stock traded up $0.14 during trading on Friday, hitting $20.82. The company's stock had a trading volume of 37,170 shares, compared to its average volume of 27,240. The stock has a market capitalization of $350.07 million, a price-to-earnings ratio of 16.14 and a beta of 0.98. The stock's fifty day moving average is $19.31 and its 200 day moving average is $18.28. West Bancorporation has a 1-year low of $15.80 and a 1-year high of $22.39. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $50.97 million during the quarter, compared to analyst estimates of $20.00 million. West Bancorporation had a return on equity of 9.78% and a net margin of 11.57%. During the same period in the prior year, the firm posted $0.35 earnings per share. As a group, equities research analysts predict that West Bancorporation will post 1.3 EPS for the current year.

West Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 6th. This represents a $1.00 annualized dividend and a yield of 4.80%. West Bancorporation's dividend payout ratio is presently 75.76%.

Institutional Investors Weigh In On West Bancorporation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of West Bancorporation in the third quarter worth about $114,000. Renaissance Technologies LLC boosted its position in shares of West Bancorporation by 3.9% in the second quarter. Renaissance Technologies LLC now owns 216,752 shares of the financial services provider's stock worth $3,880,000 after buying an additional 8,200 shares during the period. Choreo LLC purchased a new stake in shares of West Bancorporation in the second quarter worth about $267,000. Aptus Capital Advisors LLC boosted its position in shares of West Bancorporation by 24.8% in the second quarter. Aptus Capital Advisors LLC now owns 199,435 shares of the financial services provider's stock worth $3,570,000 after buying an additional 39,675 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of West Bancorporation by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 120,264 shares of the financial services provider's stock worth $2,153,000 after buying an additional 3,945 shares during the period. 44.30% of the stock is currently owned by institutional investors and hedge funds.

West Bancorporation Company Profile

West Bancorporation, Inc operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.