Shares of West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.62 and traded as low as $19.75. West Bancorporation shares last traded at $20.49, with a volume of 25,830 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on WTBA shares. Piper Sandler boosted their target price on shares of West Bancorporation from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. StockNews.com upgraded West Bancorporation from a "sell" rating to a "hold" rating in a research report on Monday, October 28th.
Read Our Latest Analysis on West Bancorporation
West Bancorporation Price Performance
The company has a market capitalization of $351.47 million, a P/E ratio of 16.31 and a beta of 0.98. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95. The firm's 50-day moving average is $22.90 and its 200-day moving average is $20.62.
West Bancorporation (NASDAQ:WTBA - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. The company had revenue of $50.97 million for the quarter, compared to analysts' expectations of $20.00 million. West Bancorporation had a net margin of 11.17% and a return on equity of 9.46%. During the same quarter last year, the business earned $0.35 EPS. Analysts predict that West Bancorporation, Inc. will post 1.4 EPS for the current fiscal year.
West Bancorporation Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.79%. West Bancorporation's dividend payout ratio is presently 78.13%.
Insider Transactions at West Bancorporation
In other news, Director Douglas R. Gulling sold 4,000 shares of West Bancorporation stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $23.61, for a total value of $94,440.00. Following the sale, the director now directly owns 80,709 shares of the company's stock, valued at approximately $1,905,539.49. The trade was a 4.72 % decrease in their ownership of the stock. The sale 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.
Hedge Funds Weigh In On West Bancorporation
Several institutional investors have recently added to or reduced their stakes in WTBA. State Street Corp grew its holdings in shares of West Bancorporation by 1.9% in the third quarter. State Street Corp now owns 372,033 shares of the financial services provider's stock valued at $7,072,000 after purchasing an additional 6,809 shares in the last quarter. Geode Capital Management LLC lifted its position in West Bancorporation by 2.1% during the third quarter. Geode Capital Management LLC now owns 356,288 shares of the financial services provider's stock valued at $6,775,000 after purchasing an additional 7,320 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of West Bancorporation by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 230,629 shares of the financial services provider's stock worth $4,384,000 after buying an additional 31,194 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of West Bancorporation by 3.9% during the 2nd quarter. Renaissance Technologies LLC now owns 216,752 shares of the financial services provider's stock valued at $3,880,000 after buying an additional 8,200 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of West Bancorporation by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 120,264 shares of the financial services provider's stock valued at $2,153,000 after acquiring an additional 3,945 shares during the last quarter. 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.
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