West Bancorporation (NASDAQ:WTBA) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

West Bancorporation, Inc. (NASDAQ:WTBA) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.95 and traded as high as $23.65. West Bancorporation shares last traded at $23.39, with a volume of 25,822 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. Piper Sandler boosted their target price on West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th.

West Bancorporation Trading Down 1.0 %

The firm’s fifty day simple moving average is $22.43 and its 200-day simple moving average is $19.95. The stock has a market cap of $393.72 million, a P/E ratio of 18.27 and a beta of 0.97. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95.

West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $50.97 million for the quarter, compared to analyst estimates of $20.00 million. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. During the same quarter in the prior year, the company earned $0.35 EPS. Equities research analysts expect that West Bancorporation, Inc. will post 1.4 EPS for the current fiscal year.

West Bancorporation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.28%. West Bancorporation’s dividend payout ratio is presently 78.13%.

Insider Activity at West Bancorporation

In related news, Director Douglas R. Gulling sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $23.61, for a total value of $94,440.00. Following the transaction, the director now owns 80,709 shares of the company’s stock, valued at approximately $1,905,539.49. This trade represents a 4.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.48% of the stock is currently owned by corporate insiders.

Institutional Trading of West Bancorporation

Several institutional investors and hedge funds have recently modified their holdings of WTBA. Barclays PLC increased its stake in West Bancorporation by 291.2% in the 3rd quarter. Barclays PLC now owns 20,977 shares of the financial services provider’s stock valued at $398,000 after buying an additional 15,615 shares during the last quarter. Geode Capital Management LLC lifted its holdings in West Bancorporation by 2.1% during the third quarter. Geode Capital Management LLC now owns 356,288 shares of the financial services provider’s stock worth $6,775,000 after acquiring an additional 7,320 shares during the period. State Street Corp boosted its position in West Bancorporation by 1.9% in the third quarter. State Street Corp now owns 372,033 shares of the financial services provider’s stock worth $7,072,000 after purchasing an additional 6,809 shares during the last quarter. De Lisle Partners LLP boosted its position in West Bancorporation by 27.3% in the third quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 6,893 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its stake in West Bancorporation by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 230,629 shares of the financial services provider’s stock valued at $4,384,000 after purchasing an additional 31,194 shares during the period. 44.30% of the stock is owned by hedge funds and other institutional investors.

West Bancorporation Company Profile

West Bancorporation, Inc operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.