West Bancorporation (NASDAQ:WTBA) Stock Passes Below 200 Day Moving Average - What's Next?

Key Points

• West Bancorporation's stock price has dropped below its two hundred day moving average of $20.02, trading as low as $17.61 before settling at $17.91.
• Piper Sandler has lowered the price target for West Bancorporation from $21.50 to $20.50, assigning a "neutral" rating in their recent report.
• The company has declared a quarterly dividend of $0.25 per share, resulting in an annualized yield of 5.6% for investors.

West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.02 and traded as low as $17.61. West Bancorporation shares last traded at $17.91, with a volume of 44,300 shares.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their price target on shares of West Bancorporation from $21.50 to $20.50 and set a "neutral" rating for the company in a research report on Monday, July 28th.

West Bancorporation Price Performance

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.62. The business's 50-day simple moving average is $19.33 and its 200 day simple moving average is $20.02. The firm has a market capitalization of $303.40 million, a P/E ratio of 10.54 and a beta of 0.92.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last announced its 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 firm had revenue of $23.83 million for the quarter, compared to analysts' expectations of $24.20 million. West Bancorporation had a net margin of 14.40% and a return on equity of 12.26%. Sell-side analysts forecast that West Bancorporation, Inc. will post 1.65 earnings per share for the current year.

West Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $1.00 dividend on an annualized basis and a yield of 5.6%. West Bancorporation's payout ratio is 58.82%.

Institutional Investors Weigh In On West Bancorporation

Several hedge funds and other institutional investors have recently made changes to their positions in WTBA. Northwestern Mutual Wealth Management Co. grew its stake in shares of West Bancorporation by 5.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 11,171 shares of the financial services provider's stock valued at $223,000 after acquiring an additional 538 shares during the period. First Trust Advisors LP bought a new position in shares of West Bancorporation during the 4th quarter valued at approximately $226,000. Wells Fargo & Company MN grew its stake in shares of West Bancorporation by 20.4% during the 4th quarter. Wells Fargo & Company MN now owns 12,157 shares of the financial services provider's stock valued at $263,000 after acquiring an additional 2,062 shares during the period. GAMMA Investing LLC grew its stake in shares of West Bancorporation by 4,644.5% during the 1st quarter. GAMMA Investing LLC now owns 13,759 shares of the financial services provider's stock valued at $274,000 after acquiring an additional 13,469 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of West Bancorporation by 27.9% during 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. 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.

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