Shares of West Bancorporation, Inc. (NASDAQ:WTBA – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.63 and traded as high as $29.50. West Bancorporation shares last traded at $29.37, with a volume of 44,437 shares.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of West Bancorporation from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Wall Street Zen lowered shares of West Bancorporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Hovde Group boosted their price target on shares of West Bancorporation from $25.50 to $28.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of West Bancorporation in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, West Bancorporation has an average rating of “Hold” and a consensus price target of $29.00.
View Our Latest Report on West Bancorporation
West Bancorporation Stock Performance
The company has a market cap of $500.46 million, a PE ratio of 13.17 and a beta of 0.71. The stock has a 50 day simple moving average of $28.10 and a two-hundred day simple moving average of $25.63. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.00 and a quick ratio of 1.00.
West Bancorporation (NASDAQ:WTBA – Get Free Report) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. West Bancorporation had a net margin of 18.75% and a return on equity of 15.48%. The business had revenue of $28.22 million for the quarter, compared to analysts’ expectations of $28.15 million. During the same period in the previous year, the company posted $0.47 EPS. Equities analysts predict that West Bancorporation, Inc. will post 2.59 EPS for the current year.
West Bancorporation Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This is a positive change from West Bancorporation’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.5%. West Bancorporation’s dividend payout ratio is currently 46.64%.
Hedge Funds Weigh In On West Bancorporation
A number of hedge funds and other institutional investors have recently made changes to their positions in WTBA. Arrowstreet Capital Limited Partnership acquired a new stake in West Bancorporation during the 2nd quarter worth approximately $1,006,000. Vanguard Group Inc. grew its stake in shares of West Bancorporation by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 875,719 shares of the financial services provider’s stock valued at $17,795,000 after purchasing an additional 37,502 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of West Bancorporation by 332.0% in the second quarter. Squarepoint Ops LLC now owns 36,548 shares of the financial services provider’s stock valued at $970,000 after purchasing an additional 28,087 shares during the period. Jane Street Group LLC acquired a new position in shares of West Bancorporation in the first quarter valued at approximately $464,000. Finally, Two Sigma Investments LP increased its holdings in shares of West Bancorporation by 102.5% in the third quarter. Two Sigma Investments LP now owns 39,200 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 19,846 shares during the period. Hedge funds and other institutional investors own 44.30% of the company’s stock.
About West Bancorporation
West Bancorporation, Inc is the bank holding company for West Town Bank and Trust, a full-service community bank headquartered in Chicago, Illinois. Through its subsidiary, the company offers a comprehensive suite of commercial and consumer banking products, including deposit accounts, residential and commercial mortgages, business loans and treasury management services. West Bancorporation focuses on delivering personalized financial solutions to small- and medium-sized businesses, real estate developers and individual customers within its urban market.
Since launching operations in 2006, West Town Bank and Trust has steadily expanded its presence across the Chicago metropolitan area.
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