West Bancorporation (WTBA) Downgraded by BidaskClub

West Bancorporation (NASDAQ:WTBA) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

Other analysts have also issued reports about the stock. Robert W. Baird initiated 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. ValuEngine lowered shares of West Bancorporation from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th.

Shares of WTBA stock traded down $0.30 during mid-day trading on Thursday, hitting $21.38. 9,825 shares of the stock traded hands, compared to its average volume of 17,520. The firm has a market cap of $350.35 million, a price-to-earnings ratio of 13.79 and a beta of 0.81. West Bancorporation has a 52-week low of $21.29 and a 52-week high of $28.00. 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 results on Thursday, October 25th. The financial services provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.02). The firm had revenue of $17.80 million for the quarter, compared to analysts’ expectations of $18.13 million. West Bancorporation had a net margin of 28.41% and a return on equity of 15.36%. As a group, equities analysts predict that West Bancorporation will post 1.72 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC acquired a new position in shares of West Bancorporation during the first quarter valued at about $551,000. Acadian Asset Management LLC increased its holdings in West Bancorporation by 14.5% in the 2nd quarter. Acadian Asset Management LLC now owns 26,546 shares of the financial services provider’s stock worth $668,000 after buying an additional 3,364 shares during the period. Renaissance Technologies LLC increased its holdings 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 worth $6,396,000 after buying an additional 7,300 shares during the period. Bailard Inc. acquired a new position in West Bancorporation in the 2nd quarter worth approximately $644,000. Finally, Dimensional Fund Advisors LP increased its holdings in West Bancorporation by 5.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 700,057 shares of the financial services provider’s stock worth $17,921,000 after buying an additional 33,421 shares during the period. Hedge funds and other institutional investors own 33.49% of the company’s stock.

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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