West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.18 and traded as high as $22.28. West Bancorporation shares last traded at $22.01, with a volume of 9,268 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have recently commented on WTBA. StockNews.com raised shares of West Bancorporation from a "sell" rating to a "hold" rating in a report on Monday, October 28th. Piper Sandler lifted their target price on shares of West Bancorporation from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th.
Read Our Latest Stock Report on WTBA
West Bancorporation Trading Up 0.5 %
The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $372.51 million, a PE ratio of 17.29 and a beta of 0.97. The stock's fifty day moving average price is $22.86 and its two-hundred day moving average price is $20.19.
West Bancorporation (NASDAQ:WTBA - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. The firm had revenue of $50.97 million for the quarter, compared to analysts' expectations of $20.00 million. During the same period in the previous year, the firm earned $0.35 earnings per share. Sell-side analysts anticipate that West Bancorporation, Inc. will post 1.4 earnings per share for the current year.
West Bancorporation Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend was Wednesday, November 6th. West Bancorporation's dividend payout ratio is currently 78.13%.
Insider Activity at West Bancorporation
In other West Bancorporation news, Director Douglas R. Gulling sold 4,000 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $23.61, for a total value of $94,440.00. Following the sale, the director now owns 80,709 shares in the company, valued at approximately $1,905,539.49. This represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.48% of the stock is currently owned by corporate insiders.
Institutional Trading of West Bancorporation
A number of hedge funds have recently made changes to their positions in WTBA. Aptus Capital Advisors LLC increased its holdings in shares of West Bancorporation by 24.8% during the second quarter. Aptus Capital Advisors LLC now owns 199,435 shares of the financial services provider's stock valued at $3,570,000 after acquiring an additional 39,675 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 purchasing an additional 3,945 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of West Bancorporation by 3.9% in the 2nd 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 last quarter. Choreo LLC bought a new stake in shares of West Bancorporation in the second quarter worth $267,000. Finally, SG Americas Securities LLC purchased a new stake in West Bancorporation during the third quarter valued at $114,000. 44.30% of the stock is owned by institutional investors.
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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