West Bancorporation (NASDAQ:WTBA) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday, March 15th.
Shares of WTBA opened at $25.65 on Thursday. The company has a market capitalization of $419.97, a price-to-earnings ratio of 16.71 and a beta of 0.96. West Bancorporation has a twelve month low of $20.90 and a twelve month high of $28.00. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.85 and a quick ratio of 0.85.
West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. West Bancorporation had a net margin of 28.24% and a return on equity of 14.48%. The company had revenue of $17.45 million during the quarter.
In other West Bancorporation news, Director Steven T. Schuler bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was bought at an average cost of $25.45 per share, for a total transaction of $25,450.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $25,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.27% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its stake in shares of West Bancorporation by 23.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 35,640 shares of the financial services provider’s stock worth $897,000 after purchasing an additional 6,740 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in shares of West Bancorporation by 37.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 7,525 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 2,059 shares in the last quarter. G&S Capital LLC purchased a new stake in shares of West Bancorporation during the fourth quarter worth about $252,000. Opus Capital Group LLC purchased a new stake in shares of West Bancorporation during the fourth quarter worth about $244,000. Finally, Ramsey Quantitative Systems purchased a new stake in shares of West Bancorporation during the fourth quarter worth about $112,000. 31.30% of the stock is owned by institutional investors.
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West Bancorporation Company Profile
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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