Shares of West Bancorporation, Inc. (NASDAQ:WTBA) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $24.00 for the company and are anticipating that the company will post $0.42 earnings per share for the current quarter, according to Zacks. Zacks has also assigned West Bancorporation an industry rank of 99 out of 256 based on the ratings given to related companies.
A number of research firms have weighed in on WTBA. Zacks Investment Research upgraded West Bancorporation from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. ValuEngine upgraded West Bancorporation from a “sell” rating to a “hold” rating in a research note on Monday, December 17th. BidaskClub upgraded West Bancorporation from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Finally, Robert W. Baird began coverage on West Bancorporation in a report on Tuesday, October 16th. They set an “outperform” rating and a $27.00 price objective on the stock.
Several hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in shares of West Bancorporation by 13.3% during the third quarter. Renaissance Technologies LLC now owns 288,201 shares of the financial services provider’s stock worth $6,773,000 after buying an additional 33,901 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in West Bancorporation by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 729,529 shares of the financial services provider’s stock valued at $18,348,000 after purchasing an additional 29,472 shares in the last quarter. Laurel Grove Capital LLC purchased a new stake in West Bancorporation in the 3rd quarter valued at approximately $651,000. Pacific Ridge Capital Partners LLC boosted its holdings in West Bancorporation by 13.5% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 203,761 shares of the financial services provider’s stock valued at $4,788,000 after purchasing an additional 24,236 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in West Bancorporation in the 3rd quarter valued at approximately $541,000. 33.10% of the stock is currently owned by institutional investors.
Shares of NASDAQ WTBA traded down $0.05 during mid-day trading on Friday, hitting $19.98. The company had a trading volume of 16,348 shares, compared to its average volume of 33,968. West Bancorporation has a 1-year low of $18.06 and a 1-year high of $26.95. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market cap of $327.86 million, a P/E ratio of 12.89 and a beta of 0.75.
West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). West Bancorporation had a net margin of 28.41% and a return on equity of 15.36%. The business had revenue of $17.80 million during the quarter, compared to analyst estimates of $18.13 million. On average, equities analysts forecast that West Bancorporation will post 1.72 EPS for the current fiscal year.
About West Bancorporation
West Bancorporation, Inc operates as the holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.
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