West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.28 and traded as high as $21.21. West Bancorporation shares last traded at $20.68, with a volume of 50,729 shares changing hands.
Analyst Ratings Changes
Separately, Piper Sandler increased their price objective on West Bancorporation from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Friday.
Check Out Our Latest Research Report on WTBA
West Bancorporation Stock Performance
The company has a 50 day moving average price of $19.35 and a 200-day moving average price of $18.30. The company has a market cap of $350.07 million, a P/E ratio of 15.77 and a beta of 0.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97.
West Bancorporation (NASDAQ:WTBA - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $50.97 million during the quarter, compared to the consensus estimate of $20.00 million. West Bancorporation had a net margin of 11.57% and a return on equity of 9.78%. During the same quarter in the prior year, the company posted $0.35 earnings per share. On average, equities analysts expect that West Bancorporation, Inc. will post 1.3 earnings per share for the current fiscal year.
West Bancorporation Dividend Announcement
The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Wednesday, November 6th. West Bancorporation's dividend payout ratio is 75.76%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of West Bancorporation in the 3rd quarter worth approximately $114,000. BNP Paribas Financial Markets lifted its position in shares of West Bancorporation by 87.2% during the first quarter. BNP Paribas Financial Markets now owns 8,240 shares of the financial services provider's stock valued at $147,000 after buying an additional 3,839 shares during the last quarter. Independent Wealth Network Inc. bought a new stake in shares of West Bancorporation in the 1st quarter valued at about $182,000. Quadrature Capital Ltd purchased a new position in shares of West Bancorporation in the 1st quarter worth approximately $196,000. Finally, Choreo LLC acquired a new position in West Bancorporation during the 2nd quarter valued at about $267,000. Hedge funds and other institutional investors own 44.30% of the company's stock.
West Bancorporation Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider West Bancorporation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and West Bancorporation wasn't on the list.
While West Bancorporation currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
