West Bancorporation (NASDAQ:WTBA) Upgraded by Piper Sandler to “Neutral” Rating

West Bancorporation (NASDAQ:WTBA) was upgraded by analysts at Piper Sandler to a “neutral” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm currently has a $21.50 target price on the financial services provider’s stock. Piper Sandler’s price target suggests a potential upside of 10.26% from the stock’s previous close.

West Bancorporation Price Performance

NASDAQ:WTBA opened at $19.50 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.65. The stock’s 50 day moving average price is $19.69 and its two-hundred day moving average price is $20.36. The firm has a market capitalization of $329.94 million, a price-to-earnings ratio of 12.66 and a beta of 0.89. West Bancorporation has a 12-month low of $17.33 and a 12-month high of $24.85.

West Bancorporation (NASDAQ:WTBA) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. West Bancorporation had a return on equity of 11.28% and a net margin of 13.04%. The firm had revenue of $23.10 million for the quarter, compared to the consensus estimate of $21.61 million. On average, analysts anticipate that West Bancorporation will post 1.65 earnings per share for the current year.

Institutional Investors Weigh In On West Bancorporation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP bought a new position in shares of West Bancorporation in the fourth quarter worth $226,000. Sequoia Financial Advisors LLC bought a new position in shares of West Bancorporation in the fourth quarter worth $232,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of West Bancorporation by 5.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,171 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 538 shares during the period. Wells Fargo & Company MN increased its stake in West Bancorporation by 20.4% in the fourth quarter. Wells Fargo & Company MN now owns 12,157 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 2,062 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in West Bancorporation by 4,644.5% in the first quarter. GAMMA Investing LLC now owns 13,759 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 13,469 shares during the last quarter. Institutional investors own 44.30% of the company’s stock.

West Bancorporation Company Profile

West Bancorporation, Inc operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.