West Bancorporation (WTBA) Raised to Sell at BidaskClub

BidaskClub upgraded shares of West Bancorporation (NASDAQ:WTBA) from a strong sell rating to a sell rating in a report published on Saturday morning.

Shares of West Bancorporation stock opened at $23.48 on Friday. West Bancorporation has a 1 year low of $22.65 and a 1 year high of $28.00. The firm has a market cap of $382.94 million, a price-to-earnings ratio of 14.24 and a beta of 0.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.84 and a quick ratio of 0.84.

West Bancorporation (NASDAQ:WTBA) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). West Bancorporation had a net margin of 28.63% and a return on equity of 15.09%. The business had revenue of $17.32 million for the quarter.

A number of institutional investors have recently made changes to their positions in the business. 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% during the 2nd quarter. Dimensional Fund Advisors LP now owns 729,529 shares of the financial services provider’s stock worth $18,348,000 after buying an additional 29,472 shares during the period. Renaissance Technologies LLC increased its position in West Bancorporation by 3.0% during the 2nd quarter. Renaissance Technologies LLC now owns 254,300 shares of the financial services provider’s stock worth $6,396,000 after buying an additional 7,300 shares during the period. Northern Trust Corp increased its position in West Bancorporation by 2.9% during the 2nd quarter. Northern Trust Corp now owns 186,593 shares of the financial services provider’s stock worth $4,693,000 after buying an additional 5,339 shares during the period. Finally, Bank of America Corp DE increased its position in West Bancorporation by 23.3% during the 2nd quarter. Bank of America Corp DE now owns 76,794 shares of the financial services provider’s stock worth $1,931,000 after buying an additional 14,488 shares during the period. 33.18% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Story: Google Finance Portfolio

Receive News & Ratings for West Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply