West Bancorporation (NASDAQ:WTBA) Upgraded at ValuEngine

West Bancorporation (NASDAQ:WTBA) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, February 4th.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird started coverage on shares of West Bancorporation in a report on Tuesday, October 16th. They set an “outperform” rating and a $27.00 price target for the company. BidaskClub downgraded shares of West Bancorporation from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Finally, Zacks Investment Research raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a report on Thursday, December 27th.

Shares of NASDAQ:WTBA traded up $0.04 during midday trading on Monday, reaching $23.16. 24,271 shares of the company’s stock were exchanged, compared to its average volume of 29,892. The company has a market capitalization of $381.63 million, a price-to-earnings ratio of 13.39 and a beta of 0.80. West Bancorporation has a 12 month low of $18.06 and a 12 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.

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 during the quarter, compared to the consensus estimate of $17.43 million. West Bancorporation had a net margin of 30.80% and a return on equity of 15.69%.

A number of hedge funds have recently made changes to their positions in WTBA. BlackRock Inc. lifted its holdings in West Bancorporation by 1.4% during the 2nd quarter. BlackRock Inc. now owns 903,226 shares of the financial services provider’s stock valued at $22,718,000 after purchasing an additional 12,247 shares during the last quarter. Dimensional Fund Advisors LP increased its position in West Bancorporation by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 729,529 shares of the financial services provider’s stock valued at $18,348,000 after acquiring an additional 29,472 shares in the last quarter. Renaissance Technologies LLC increased its position in West Bancorporation by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 254,300 shares of the financial services provider’s stock valued at $6,396,000 after acquiring an additional 7,300 shares in the last quarter. Bank of America Corp DE increased its position in West Bancorporation by 23.3% in the 2nd quarter. Bank of America Corp DE now owns 76,794 shares of the financial services provider’s stock valued at $1,931,000 after acquiring an additional 14,488 shares in the last quarter. Finally, Northern Trust Corp increased its position in West Bancorporation by 2.9% in the 2nd quarter. Northern Trust Corp now owns 186,593 shares of the financial services provider’s stock valued at $4,693,000 after acquiring an additional 5,339 shares in the last quarter. 36.87% of the stock is owned by hedge funds and other institutional investors.

About West Bancorporation

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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