West Bancorporation (NASDAQ:WTBA – Free Report) had its price target boosted by Piper Sandler from $21.00 to $23.00 in a research note published on Friday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.
West Bancorporation Stock Up 0.7 %
Shares of NASDAQ:WTBA traded up $0.14 during trading hours on Friday, hitting $20.82. The company’s stock had a trading volume of 37,170 shares, compared to its average volume of 27,240. West Bancorporation has a 52 week low of $15.80 and a 52 week high of $22.39. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $350.07 million, a price-to-earnings ratio of 15.77 and a beta of 0.98. The firm’s fifty day moving average price is $19.35 and its 200 day moving average price is $18.30.
West Bancorporation (NASDAQ:WTBA – Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. West Bancorporation had a net margin of 11.57% and a return on equity of 9.78%. The business had revenue of $50.97 million during the quarter, compared to analyst estimates of $20.00 million. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, research analysts expect that West Bancorporation will post 1.3 EPS for the current year.
West Bancorporation Announces Dividend
Institutional Investors Weigh In On West Bancorporation
Several large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in shares of West Bancorporation by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,994 shares of the financial services provider’s stock worth $749,000 after acquiring an additional 647 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of West Bancorporation by 87.2% during the 1st quarter. BNP Paribas Financial Markets now owns 8,240 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 3,839 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of West Bancorporation by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 120,264 shares of the financial services provider’s stock worth $2,153,000 after acquiring an additional 3,945 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of West Bancorporation during the 3rd quarter worth approximately $114,000. Finally, Renaissance Technologies LLC raised its stake in shares of West Bancorporation by 3.9% during the 2nd quarter. Renaissance Technologies LLC now owns 216,752 shares of the financial services provider’s stock worth $3,880,000 after acquiring an additional 8,200 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.
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