StockNews.com Upgrades West Bancorporation (NASDAQ:WTBA) to Hold

West Bancorporation (NASDAQ:WTBA) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Separately, Piper Sandler lowered their target price on shares of West Bancorporation from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

West Bancorporation Stock Down 1.9 %

Shares of WTBA opened at $21.94 on Thursday. The company has a market capitalization of $369.25 million, a PE ratio of 15.34 and a beta of 0.97. The stock’s 50-day moving average price is $22.12 and its two-hundred day moving average price is $20.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.86. West Bancorporation has a 12 month low of $15.80 and a 12 month high of $24.85.

West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. During the same period in the previous year, the firm earned $0.27 EPS. On average, analysts anticipate that West Bancorporation will post 1.65 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WTBA. Proficio Capital Partners LLC bought a new position in shares of West Bancorporation in the 4th quarter worth $785,000. Aptus Capital Advisors LLC lifted its stake in shares of West Bancorporation by 15.6% in the third quarter. Aptus Capital Advisors LLC now owns 230,629 shares of the financial services provider’s stock valued at $4,384,000 after buying an additional 31,194 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of West Bancorporation by 267.5% during the third quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider’s stock valued at $493,000 after buying an additional 18,885 shares during the last quarter. Fortress Financial Group LLC bought a new stake in shares of West Bancorporation during the fourth quarter worth about $407,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of West Bancorporation by 17.0% in the 4th quarter. Bank of New York Mellon Corp now owns 125,049 shares of the financial services provider’s stock worth $2,707,000 after acquiring an additional 18,154 shares during the last quarter. 44.30% of the stock is owned by 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.