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 research report released on Saturday, BidAskClub reports.

Separately, ValuEngine upgraded West Bancorporation from a sell rating to a hold rating in a research report on Friday, May 24th.

Shares of WTBA stock opened at $21.45 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. West Bancorporation has a twelve month low of $18.06 and a twelve month high of $24.35. The company has a market cap of $360.03 million, a P/E ratio of 12.93 and a beta of 0.70. The business has a fifty day simple moving average of $20.96 and a 200 day simple moving average of $21.23.

West Bancorporation (NASDAQ:WTBA) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). West Bancorporation had a return on equity of 14.43% and a net margin of 27.79%. The business had revenue of $18.04 million for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.84 annualized dividend and a dividend yield of 3.92%.

In other West Bancorporation news, Director George D. Milligan acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $20.22 per share, for a total transaction of $101,100.00. Following the transaction, the director now directly owns 32,088 shares in the company, valued at $648,819.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.08% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of WTBA. Dimensional Fund Advisors LP raised its position in West Bancorporation by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 753,234 shares of the financial services provider’s stock valued at $14,380,000 after purchasing an additional 8,672 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in West Bancorporation by 782.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,326 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 2,949 shares during the last quarter. SG Americas Securities LLC bought a new position in West Bancorporation in the first quarter valued at about $129,000. Acadian Asset Management LLC raised its position in West Bancorporation by 48.7% in the first quarter. Acadian Asset Management LLC now owns 35,223 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 11,537 shares during the last quarter. Finally, Bremer Bank National Association bought a new position in West Bancorporation in the first quarter valued at about $117,000. Hedge funds and other institutional investors own 37.04% 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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