West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.81 and traded as high as $20.10. West Bancorporation shares last traded at $19.99, with a volume of 22,754 shares traded.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on WTBA. Zacks Research upgraded West Bancorporation from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Piper Sandler cut their target price on West Bancorporation from $21.50 to $20.50 and set a "neutral" rating on the stock in a report on Monday, July 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $20.50.
View Our Latest Report on West Bancorporation
West Bancorporation Price Performance
The firm has a market capitalization of $338.63 million, a PE ratio of 11.76 and a beta of 0.92. The business has a 50-day moving average of $19.34 and a 200 day moving average of $19.81. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.62.
West Bancorporation (NASDAQ:WTBA - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.02. The business had revenue of $23.83 million during the quarter, compared to analyst estimates of $24.20 million. West Bancorporation had a return on equity of 12.26% and a net margin of 14.40%. As a group, research analysts anticipate that West Bancorporation, Inc. will post 1.65 EPS for the current fiscal year.
West Bancorporation Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $1.00 annualized dividend and a dividend yield of 5.0%. West Bancorporation's dividend payout ratio (DPR) is currently 58.82%.
Institutional Investors Weigh In On West Bancorporation
Several large investors have recently made changes to their positions in the business. Aptus Capital Advisors LLC increased its position in shares of West Bancorporation by 12.7% during the 1st quarter. Aptus Capital Advisors LLC now owns 318,381 shares of the financial services provider's stock valued at $6,349,000 after purchasing an additional 35,977 shares during the last quarter. Northern Trust Corp lifted its holdings in West Bancorporation by 2.0% during the fourth quarter. Northern Trust Corp now owns 134,904 shares of the financial services provider's stock valued at $2,921,000 after purchasing an additional 2,621 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in West Bancorporation by 330.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 97,457 shares of the financial services provider's stock valued at $1,943,000 after purchasing an additional 74,818 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in West Bancorporation during the second quarter valued at about $1,006,000. Finally, Nuveen LLC purchased a new stake in West Bancorporation during the first quarter valued at about $913,000. 44.30% of the stock is owned by hedge funds and other 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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