West Bancorporation (NASDAQ:WTBA) Raised to Hold at StockNews.com

West Bancorporation (NASDAQ:WTBA) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Separately, Piper Sandler upped their target price on West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday.

West Bancorporation Stock Performance

WTBA traded up $1.30 on Monday, reaching $22.12. The stock had a trading volume of 58,084 shares, compared to its average volume of 27,388. The business’s 50-day moving average price is $19.35 and its two-hundred day moving average price is $18.33. The company has a market cap of $371.93 million, a P/E ratio of 16.76 and a beta of 0.98. West Bancorporation has a 12-month low of $15.80 and a 12-month high of $22.39. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.86.

West Bancorporation (NASDAQ:WTBA) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $50.97 million for the quarter, compared to analysts’ expectations of $20.00 million. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. During the same period last year, the firm earned $0.35 EPS. Sell-side analysts forecast that West Bancorporation will post 1.4 earnings per share for the current year.

Institutional Investors Weigh In On West Bancorporation

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings 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 acquiring an additional 3,839 shares during the last quarter. Vanguard Group Inc. increased its position in shares of West Bancorporation by 3.0% during the first quarter. Vanguard Group Inc. now owns 733,742 shares of the financial services provider’s stock worth $13,083,000 after purchasing an additional 21,604 shares in the last quarter. Quadrature Capital Ltd acquired a new position in West Bancorporation in the 1st quarter valued at $196,000. Price T Rowe Associates Inc. MD lifted its holdings in West Bancorporation by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,994 shares of the financial services provider’s stock valued at $749,000 after purchasing an additional 647 shares in the last quarter. Finally, Independent Wealth Network Inc. purchased a new position in West Bancorporation in the 1st quarter valued at $182,000. 44.30% of the stock is currently owned by institutional investors and hedge funds.

West Bancorporation Company Profile

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.