West Bancorporation (NASDAQ:WTBA) Share Price Crosses Below 200-Day Moving Average – What’s Next?

West Bancorporation, Inc. (NASDAQ:WTBA)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.62 and traded as low as $19.75. West Bancorporation shares last traded at $20.49, with a volume of 25,830 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WTBA shares. StockNews.com raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Piper Sandler increased their price objective on shares of 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 Stock Up 2.4 %

The firm has a market capitalization of $344.91 million, a PE ratio of 16.01 and a beta of 0.98. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50-day moving average price of $22.90 and a 200 day moving average price of $20.62.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The business had revenue of $50.97 million during the quarter, compared to the consensus estimate of $20.00 million. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. During the same period in the prior year, the company posted $0.35 EPS. Analysts forecast that West Bancorporation, Inc. will post 1.4 earnings per share for the current year.

West Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.88%. The ex-dividend date was Wednesday, November 6th. West Bancorporation’s payout ratio is currently 78.13%.

Insider Buying and Selling at West Bancorporation

In related news, Director Douglas R. Gulling sold 4,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $23.61, for a total value of $94,440.00. Following the completion of the transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.48% of the company’s stock.

Institutional Investors Weigh In On West Bancorporation

Institutional investors have recently modified their holdings of the stock. City State Bank boosted its stake in shares of West Bancorporation by 6.4% during the 4th quarter. City State Bank now owns 8,354 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 499 shares during the period. JPMorgan Chase & Co. lifted its stake in West Bancorporation by 267.5% in the third quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 18,885 shares during the last quarter. Barclays PLC grew its stake in shares of West Bancorporation by 291.2% during the third 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 grew its position in West Bancorporation by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 356,288 shares of the financial services provider’s stock valued at $6,775,000 after acquiring an additional 7,320 shares during the last quarter. Finally, State Street Corp increased its stake in West Bancorporation by 1.9% in the 3rd quarter. State Street Corp now owns 372,033 shares of the financial services provider’s stock worth $7,072,000 after buying an additional 6,809 shares during the period. 44.30% of the stock is owned by institutional investors.

About West Bancorporation

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.