West Bancorporation, Inc. (NASDAQ:WTBA – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.76 and traded as high as $25.19. West Bancorporation shares last traded at $24.78, with a volume of 73,811 shares traded.
Analysts Set New Price Targets
WTBA has been the subject of several recent analyst reports. Zacks Research cut shares of West Bancorporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of West Bancorporation in a report on Friday, June 5th. Hovde Group initiated coverage on shares of West Bancorporation in a research report on Monday, April 6th. They issued a “market perform” rating and a $25.50 target price for the company. Finally, Wall Street Zen raised shares of West Bancorporation from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, West Bancorporation presently has a consensus rating of “Hold” and a consensus price target of $24.75.
Check Out Our Latest Research Report on WTBA
West Bancorporation Stock Performance
West Bancorporation (NASDAQ:WTBA – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. The business had revenue of $27.01 million during the quarter, compared to the consensus estimate of $28.30 million. West Bancorporation had a return on equity of 14.88% and a net margin of 17.30%. On average, equities analysts expect that West Bancorporation, Inc. will post 2.55 earnings per share for the current fiscal year.
West Bancorporation Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.0%. West Bancorporation’s dividend payout ratio is 48.54%.
Institutional Investors Weigh In On West Bancorporation
Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in West Bancorporation by 7.5% during the 1st quarter. Royal Bank of Canada now owns 38,547 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 2,675 shares in the last quarter. Jane Street Group LLC acquired a new stake in West Bancorporation in the first quarter valued at approximately $464,000. Acadian Asset Management LLC boosted its position in West Bancorporation by 27.9% in the first quarter. Acadian Asset Management LLC now owns 17,436 shares of the financial services provider’s stock valued at $346,000 after buying an additional 3,799 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of West Bancorporation during the second quarter worth $212,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of West Bancorporation during the second quarter worth $1,006,000. 44.30% of the stock is currently owned by institutional investors and hedge funds.
West Bancorporation Company Profile
West Bancorporation, Inc is the bank holding company for West Town Bank and Trust, a full-service community bank headquartered in Chicago, Illinois. Through its subsidiary, the company offers a comprehensive suite of commercial and consumer banking products, including deposit accounts, residential and commercial mortgages, business loans and treasury management services. West Bancorporation focuses on delivering personalized financial solutions to small- and medium-sized businesses, real estate developers and individual customers within its urban market.
Since launching operations in 2006, West Town Bank and Trust has steadily expanded its presence across the Chicago metropolitan area.
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