Zacks: West Bancorporation, Inc. (WTBA) Receives Average Recommendation of “Strong Buy” from Analysts

West Bancorporation, Inc. (NASDAQ:WTBA) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $24.00 for the company and are predicting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also assigned West Bancorporation an industry rank of 52 out of 255 based on the ratings given to related companies.

Several brokerages recently commented on WTBA. BidaskClub raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. Zacks Investment Research raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. Robert W. Baird began coverage on shares of West Bancorporation in a research report on Tuesday, October 16th. They set an “outperform” rating and a $27.00 price target for the company. Finally, ValuEngine lowered shares of West Bancorporation from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ramsey Quantitative Systems grew its stake in West Bancorporation by 16.0% during the fourth 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 period. California Public Employees Retirement System grew its stake in West Bancorporation by 2.8% during the fourth quarter. California Public Employees Retirement System now owns 55,920 shares of the financial services provider’s stock worth $1,068,000 after buying an additional 1,523 shares during the period. Opus Capital Group LLC grew its stake in West Bancorporation by 12.5% during the fourth quarter. Opus Capital Group LLC now owns 22,441 shares of the financial services provider’s stock worth $429,000 after buying an additional 2,500 shares during the period. Bailard Inc. grew its stake in West Bancorporation by 11.7% during the third quarter. Bailard Inc. now owns 28,602 shares of the financial services provider’s stock worth $672,000 after buying an additional 3,000 shares during the period. Finally, Wells Fargo & Company MN grew its stake in West Bancorporation by 15.9% during the third quarter. Wells Fargo & Company MN now owns 26,027 shares of the financial services provider’s stock worth $612,000 after buying an additional 3,575 shares during the period. Institutional investors own 36.39% of the company’s stock.

WTBA stock traded down $0.01 on Monday, hitting $21.98. 17,719 shares of the company were exchanged, compared to its average volume of 30,897. West Bancorporation has a twelve month low of $18.06 and a twelve month high of $26.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $358.34 million, a price-to-earnings ratio of 12.71 and a beta of 0.80.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings results on Thursday, January 24th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. West Bancorporation had a net margin of 30.80% and a return on equity of 15.69%. The firm had revenue of $17.36 million during the quarter, compared to analyst estimates of $17.43 million. As a group, equities analysts forecast that West Bancorporation will post 1.71 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Wednesday, February 6th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, February 5th. This represents a $0.80 annualized dividend and a yield of 3.64%. West Bancorporation’s dividend payout ratio is currently 46.24%.

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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