West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.95 and traded as high as $23.65. West Bancorporation shares last traded at $23.39, with a volume of 25,822 shares traded.
Analysts Set New Price Targets
Several research analysts recently weighed in on WTBA shares. Piper Sandler upped their price target on West Bancorporation from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. StockNews.com upgraded West Bancorporation from a "sell" rating to a "hold" rating in a report on Monday, October 28th.
View Our Latest Stock Report on WTBA
West Bancorporation Stock Down 5.5 %
The business's 50 day simple moving average is $22.53 and its 200-day simple moving average is $20.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $372.18 million, a price-to-earnings ratio of 17.27 and a beta of 0.97.
West Bancorporation (NASDAQ:WTBA - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping 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 business had revenue of $50.97 million during the quarter, compared to analyst estimates of $20.00 million. During the same period last year, the company earned $0.35 earnings per share. Sell-side analysts expect that West Bancorporation, Inc. will post 1.4 earnings per share for the current year.
West Bancorporation Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.52%. West Bancorporation's dividend payout ratio (DPR) is 78.13%.
Insider Activity
In other West Bancorporation news, Director Douglas R. Gulling sold 4,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now owns 80,709 shares of the company's stock, valued at $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 is available through the SEC website. 4.48% of the stock is owned by insiders.
Institutional Trading of West Bancorporation
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in 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 buying an additional 3,945 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of West Bancorporation in the third quarter worth $114,000. State Street Corp increased its position in West Bancorporation by 1.9% during the third quarter. State Street Corp now owns 372,033 shares of the financial services provider's stock worth $7,072,000 after acquiring an additional 6,809 shares during the period. De Lisle Partners LLP raised its stake in West Bancorporation by 27.3% during the 3rd quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider's stock valued at $612,000 after purchasing an additional 6,893 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in West Bancorporation by 2.1% in the 3rd 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 period. 44.30% of the stock is currently owned by institutional investors and hedge funds.
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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