West Bancorporation (NASDAQ:WTBA) Share Price Passes Below 200 Day Moving Average - Here's What Happened

West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.39 and traded as low as $19.85. West Bancorporation shares last traded at $20.16, with a volume of 17,260 shares traded.

Analyst Upgrades and Downgrades

WTBA has been the subject of several research analyst reports. Wall Street Zen upgraded West Bancorporation from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Piper Sandler dropped their price target on West Bancorporation from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, January 27th.

West Bancorporation Price Performance

The company has a 50-day moving average price of $19.50 and a two-hundred day moving average price of $21.30. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $327.29 million, a PE ratio of 13.52 and a beta of 0.89.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.08. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. The company had revenue of $23.10 million during the quarter, compared to the consensus estimate of $21.61 million. Sell-side analysts expect that West Bancorporation, Inc. will post 1.65 earnings per share for the current fiscal year.

West Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.17%. The ex-dividend date was Wednesday, May 7th. West Bancorporation's payout ratio is 64.94%.

Institutional Investors Weigh In On West Bancorporation

Several institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in West Bancorporation by 11.3% in the fourth quarter. SG Americas Securities LLC now owns 6,658 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 678 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in West Bancorporation by 5.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,171 shares of the financial services provider's stock valued at $223,000 after purchasing an additional 538 shares during the last quarter. First Trust Advisors LP purchased a new position in West Bancorporation in the fourth quarter valued at about $226,000. Sequoia Financial Advisors LLC purchased a new position in West Bancorporation in the fourth quarter valued at about $232,000. Finally, Wells Fargo & Company MN boosted its holdings in West Bancorporation by 20.4% in the fourth quarter. Wells Fargo & Company MN now owns 12,157 shares of the financial services provider's stock valued at $263,000 after purchasing an additional 2,062 shares during the last quarter. Hedge funds and other institutional investors own 44.30% of the company's stock.

About West Bancorporation

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.