Piper Sandler Reaffirms "Neutral" Rating for West Bancorporation (NASDAQ:WTBA)

West Bancorporation (NASDAQ:WTBA - Get Free Report)'s stock had its "neutral" rating reaffirmed by research analysts at Piper Sandler in a research report issued on Tuesday, July 15th, Marketbeat reports. They currently have a $21.50 price objective on the financial services provider's stock. Piper Sandler's price objective suggests a potential upside of 9.86% from the company's current price.

West Bancorporation Stock Down 0.3%

Shares of NASDAQ:WTBA opened at $19.57 on Tuesday. West Bancorporation has a one year low of $17.33 and a one year high of $24.85. The company has a 50 day moving average of $19.72 and a 200-day moving average of $20.31. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $331.12 million, a price-to-earnings ratio of 12.74 and a beta of 0.89.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.08. The company had revenue of $23.10 million during the quarter, compared to analyst estimates of $21.61 million. West Bancorporation had a return on equity of 11.28% and a net margin of 13.04%. On average, sell-side analysts forecast that West Bancorporation will post 1.65 earnings per share for the current year.

Hedge Funds Weigh In On West Bancorporation

Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC raised its stake in West Bancorporation by 27.9% in the 1st quarter. Acadian Asset Management LLC now owns 17,436 shares of the financial services provider's stock valued at $346,000 after acquiring an additional 3,799 shares during the period. Jane Street Group LLC acquired a new stake in shares of West Bancorporation during the first quarter worth $464,000. Royal Bank of Canada lifted its holdings in shares of West Bancorporation by 7.5% during the first quarter. Royal Bank of Canada now owns 38,547 shares of the financial services provider's stock worth $769,000 after buying an additional 2,675 shares in the last quarter. Trexquant Investment LP lifted its holdings in shares of West Bancorporation by 32.9% during the first quarter. Trexquant Investment LP now owns 21,854 shares of the financial services provider's stock worth $436,000 after buying an additional 5,410 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of West Bancorporation by 5.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,171 shares of the financial services provider's stock worth $223,000 after buying an additional 538 shares in the last quarter. Institutional investors own 44.30% of the company's stock.

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.