West Bancorporation's (WTBA) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• West Bancorporation's stock maintains a "Hold (C)" rating from Weiss Ratings, consistent with other recent assessments from analysts.
• The company's stock is currently trading at $19.79, with a 1-year low of $17.31 and a high of $24.85.
• West Bancorporation reported a quarterly EPS of $0.47, exceeding estimates by $0.02, although revenue fell short of expectations.

West Bancorporation (NASDAQ:WTBA - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

WTBA has been the subject of a number of other research reports. Piper Sandler decreased their price objective 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. Zacks Research upgraded shares of West Bancorporation from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, West Bancorporation presently has an average rating of "Hold" and an average target price of $20.50.

West Bancorporation Stock Performance

NASDAQ:WTBA traded up $0.30 during mid-day trading on Tuesday, hitting $19.79. The company's stock had a trading volume of 17,143 shares, compared to its average volume of 31,934. West Bancorporation has a 1 year low of $17.31 and a 1 year high of $24.85. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $335.23 million, a price-to-earnings ratio of 11.54 and a beta of 0.88. The business's fifty day moving average is $19.76 and its two-hundred day moving average is $19.54.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. West Bancorporation had a net margin of 14.40% and a return on equity of 12.26%. The company had revenue of $23.83 million for the quarter, compared to analyst estimates of $24.20 million. Analysts anticipate that West Bancorporation will post 1.65 EPS for the current fiscal year.

Institutional Trading of West Bancorporation

Several large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake in West Bancorporation by 662.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,784 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 3,288 shares in the last quarter. BNP Paribas Financial Markets grew its stake in West Bancorporation by 68.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,618 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 660 shares in the last quarter. Marshall Wace LLP purchased a new stake in West Bancorporation during the 2nd quarter valued at about $353,000. First Trust Advisors LP grew its stake in West Bancorporation by 6.7% during the 2nd quarter. First Trust Advisors LP now owns 11,017 shares of the financial services provider's stock valued at $216,000 after acquiring an additional 695 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in West Bancorporation during the 2nd quarter valued at about $1,006,000. 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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