West Bancorporation (NASDAQ:WTBA) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of West Bancorporation (NASDAQ:WTBA) from a strong sell rating to a sell rating in a report released on Thursday, March 28th, BidAskClub reports.

A number of other research firms have also issued reports on WTBA. ValuEngine upgraded West Bancorporation from a sell rating to a hold rating in a research note on Monday, February 4th. Zacks Investment Research lowered West Bancorporation from a hold rating to a sell rating in a research note on Thursday, December 20th.

Shares of West Bancorporation stock traded down $0.06 during trading hours on Thursday, reaching $21.60. The stock had a trading volume of 34,110 shares, compared to its average volume of 26,790. The company has a market cap of $351.97 million, a price-to-earnings ratio of 12.49 and a beta of 0.81. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.92. West Bancorporation has a 1 year low of $18.06 and a 1 year high of $26.70.

West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $17.36 million for the quarter, compared to the consensus estimate of $17.43 million. West Bancorporation had a return on equity of 15.49% and a net margin of 30.80%. Research analysts anticipate that West Bancorporation will post 1.71 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Legacy Bridge LLC bought a new position in West Bancorporation during the 4th quarter worth approximately $10,139,000. John W. Rosenthal Capital Management Inc. lifted its holdings in West Bancorporation by 5.1% during the 4th quarter. John W. Rosenthal Capital Management Inc. now owns 155,000 shares of the financial services provider’s stock worth $2,959,000 after buying an additional 7,500 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in West Bancorporation by 13.1% during the 4th quarter. Bank of New York Mellon Corp now owns 142,528 shares of the financial services provider’s stock worth $2,721,000 after buying an additional 16,560 shares during the last quarter. Bremer Trust National Association bought a new position in West Bancorporation during the 4th quarter worth approximately $69,000. Finally, Rhumbline Advisers lifted its holdings in West Bancorporation by 43.6% during the 4th quarter. Rhumbline Advisers now owns 21,927 shares of the financial services provider’s stock worth $419,000 after buying an additional 6,655 shares during the last quarter. Hedge funds and other institutional investors own 36.95% of the company’s stock.

About West Bancorporation

West Bancorporation, Inc operates as the financial 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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