West Bancorporation, Inc. (NASDAQ:WTBA – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.94 and traded as high as $28.42. West Bancorporation shares last traded at $28.39, with a volume of 90,920 shares traded.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on WTBA. Wall Street Zen downgraded shares of West Bancorporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Hovde Group raised their price target on shares of West Bancorporation from $25.50 to $28.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of West Bancorporation in a report on Friday, June 5th. Finally, Piper Sandler upped their price objective on shares of West Bancorporation from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $29.00.
Read Our Latest Stock Report on WTBA
West Bancorporation Price Performance
West Bancorporation (NASDAQ:WTBA – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $28.22 million for the quarter, compared to analysts’ expectations of $28.15 million. West Bancorporation had a return on equity of 15.48% and a net margin of 18.75%.During the same period in the previous year, the business posted $0.47 earnings per share. As a group, equities research analysts anticipate that West Bancorporation, Inc. will post 2.59 EPS for the current fiscal year.
West Bancorporation Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.5%. This is a positive change from West Bancorporation’s previous quarterly dividend of $0.25. West Bancorporation’s dividend payout ratio is currently 46.64%.
Institutional Trading of West Bancorporation
Several institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership bought a new position in shares of West Bancorporation during the second quarter valued at $1,006,000. Vanguard Group Inc. grew its holdings in shares of West Bancorporation by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 875,719 shares of the financial services provider’s stock worth $17,795,000 after purchasing an additional 37,502 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of West Bancorporation during the 1st quarter worth about $464,000. Two Sigma Investments LP increased its position in shares of West Bancorporation by 102.5% during the 3rd quarter. Two Sigma Investments LP now owns 39,200 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 19,846 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in West Bancorporation during the 2nd quarter valued at about $353,000. 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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