West Bancorporation (NASDAQ:WTBA - Get Free Report) issued its earnings results on Thursday. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.02, Zacks reports. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. During the same period in the prior year, the company earned $0.27 earnings per share.
West Bancorporation Stock Performance
Shares of WTBA traded down $0.05 during mid-day trading on Thursday, hitting $21.23. The stock had a trading volume of 24,814 shares, compared to its average volume of 24,458. The firm has a market cap of $357.30 million, a P/E ratio of 16.59 and a beta of 0.98. The business has a fifty day moving average price of $22.56 and a 200-day moving average price of $20.79. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95. West Bancorporation has a 52 week low of $15.80 and a 52 week high of $24.85.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. StockNews.com upgraded West Bancorporation from a "sell" rating to a "hold" rating in a report on Monday, October 28th. Piper Sandler raised their price objective on West Bancorporation from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, October 25th.
Read Our Latest Stock Analysis on WTBA
Insider Buying and Selling at West Bancorporation
In related news, Director Douglas R. Gulling sold 4,000 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $23.61, for a total transaction of $94,440.00. Following the sale, the director now directly owns 80,709 shares in the company, valued at approximately $1,905,539.49. The trade was a 4.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.48% of the company's stock.
About West Bancorporation
(
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.
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