BidaskClub upgraded shares of West Bancorporation (NASDAQ:WTBA) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.
Shares of West Bancorporation (WTBA) opened at $26.55 on Thursday. The firm has a market cap of $426.47, a price-to-earnings ratio of 18.83 and a beta of 0.99. West Bancorporation has a fifty-two week low of $20.60 and a fifty-two week high of $28.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.67.
West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The business had revenue of $17.45 million during the quarter. West Bancorporation had a net margin of 28.24% and a return on equity of 14.48%.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Tuesday, February 6th. West Bancorporation’s payout ratio is 51.06%.
In other news, Director Steven T. Schuler purchased 1,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was acquired at an average cost of $25.45 per share, with a total value of $25,450.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $25,450. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.27% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems acquired a new stake in West Bancorporation during the 4th quarter valued at $112,000. SG Americas Securities LLC acquired a new position in West Bancorporation during the 4th quarter worth $126,000. Brandywine Global Investment Management LLC grew its holdings in West Bancorporation by 37.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 7,525 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 2,059 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in West Bancorporation during the 4th quarter worth $202,000. Finally, Opus Capital Group LLC acquired a new position in West Bancorporation during the 4th quarter worth $244,000. 31.30% of the stock is owned by institutional investors and hedge funds.
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West Bancorporation Company Profile
West Bancorporation, Inc is a bank holding company. The Company owns West Bank, which is a business-focused community bank. The Company operates in three markets, which include central Iowa; eastern Iowa, which is the area including and surrounding Iowa City and Coralville, Iowa, and the Rochester, Minnesota, area.
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