West Bancorporation (NASDAQ:WTBA) Rating Lowered to Hold at Wall Street Zen

West Bancorporation (NASDAQ:WTBA) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other analysts have also recently issued research reports about the company. Weiss Ratings reissued a “buy (b)” rating on shares of West Bancorporation in a research report on Friday, June 5th. Piper Sandler upped their target price on West Bancorporation from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Finally, Hovde Group raised their price target on West Bancorporation from $25.50 to $28.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.00.

West Bancorporation Stock Performance

Shares of NASDAQ:WTBA opened at $28.05 on Friday. The firm has a fifty day moving average of $25.83 and a two-hundred day moving average of $24.70. The firm has a market capitalization of $477.97 million, a P/E ratio of 12.58 and a beta of 0.71. West Bancorporation has a 12-month low of $17.31 and a 12-month high of $28.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.33.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. West Bancorporation had a net margin of 18.75% and a return on equity of 15.48%. The business had revenue of $28.22 million for the quarter, compared to analysts’ expectations of $28.15 million. During the same period in the previous year, the company posted $0.47 EPS. On average, equities analysts expect that West Bancorporation will post 2.59 EPS for the current fiscal year.

Institutional Investors Weigh In On West Bancorporation

Several institutional investors and hedge funds have recently modified their holdings of the business. Basepoint Wealth LLC boosted its holdings in West Bancorporation by 1.2% in the fourth quarter. Basepoint Wealth LLC now owns 35,918 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 421 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in West Bancorporation by 37.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,665 shares of the financial services provider’s stock valued at $37,000 after buying an additional 455 shares in the last quarter. Mutual Advisors LLC raised its holdings in West Bancorporation by 1.7% during the fourth quarter. Mutual Advisors LLC now owns 28,851 shares of the financial services provider’s stock valued at $640,000 after buying an additional 470 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of West Bancorporation by 4.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 15,666 shares of the financial services provider’s stock worth $348,000 after buying an additional 642 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of West Bancorporation by 1.8% in the third quarter. UBS Group AG now owns 37,487 shares of the financial services provider’s stock worth $762,000 after buying an additional 652 shares during the last quarter. Institutional investors and hedge funds own 44.30% of the company’s stock.

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.