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.
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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