Shares of West Bancorporation, Inc. (NASDAQ:WTBA) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price objective of $24.00 for the company and are expecting that the company will post $0.42 earnings per share for the current quarter, according to Zacks. Zacks has also given West Bancorporation an industry rank of 94 out of 256 based on the ratings given to related companies.
A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. BidaskClub lowered shares of West Bancorporation from a “sell” rating to a “strong sell” rating in a research note on Friday, March 22nd.
Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp boosted its stake in shares of West Bancorporation by 0.4% during the 4th quarter. Northern Trust Corp now owns 189,568 shares of the financial services provider’s stock worth $3,618,000 after buying an additional 691 shares during the last quarter. Oxford Asset Management LLP boosted its stake in shares of West Bancorporation by 3.8% during the 1st quarter. Oxford Asset Management LLP now owns 20,158 shares of the financial services provider’s stock worth $417,000 after buying an additional 730 shares during the last quarter. Citigroup Inc. boosted its stake in shares of West Bancorporation by 18.1% during the 4th quarter. Citigroup Inc. now owns 5,083 shares of the financial services provider’s stock worth $97,000 after buying an additional 778 shares during the last quarter. Ramsey Quantitative Systems boosted its stake in shares of West Bancorporation by 16.0% during the 4th quarter. Ramsey Quantitative Systems now owns 6,800 shares of the financial services provider’s stock worth $130,000 after buying an additional 937 shares during the last quarter. Finally, BTC Capital Management Inc. boosted its stake in shares of West Bancorporation by 1.1% during the 1st quarter. BTC Capital Management Inc. now owns 105,340 shares of the financial services provider’s stock worth $2,179,000 after buying an additional 1,155 shares during the last quarter. Institutional investors own 37.31% of the company’s stock.
NASDAQ WTBA traded up $0.09 on Thursday, reaching $21.50. The company had a trading volume of 2,148 shares, compared to its average volume of 21,414. The firm has a market cap of $345.15 million, a PE ratio of 12.43 and a beta of 0.75. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88. West Bancorporation has a 1-year low of $18.06 and a 1-year high of $26.55.
West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). The company had revenue of $18.01 million during the quarter. West Bancorporation had a return on equity of 14.86% and a net margin of 28.99%. Equities research analysts forecast that West Bancorporation will post 1.71 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This is a positive change from West Bancorporation’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.91%. West Bancorporation’s dividend payout ratio is presently 48.55%.
West Bancorporation Company Profile
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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