West Bancorporation (WTBA) Downgraded by ValuEngine to “Sell”

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ValuEngine downgraded shares of West Bancorporation (NASDAQ:WTBA) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

Several other equities research analysts have also commented on the stock. BidaskClub lowered shares of West Bancorporation from a sell rating to a strong sell rating in a research report on Tuesday, August 21st. Robert W. Baird started coverage on shares of West Bancorporation in a research report on Tuesday. They set an outperform rating and a $27.00 target price on the stock.

Shares of NASDAQ WTBA traded down $0.29 during trading on Thursday, hitting $22.03. 8,330 shares of the company were exchanged, compared to its average volume of 22,498. The firm has a market capitalization of $370.23 million, a P/E ratio of 14.21 and a beta of 0.76. West Bancorporation has a 1 year low of $21.50 and a 1 year high of $28.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.84 and a current ratio of 0.84.

West Bancorporation (NASDAQ:WTBA) last issued its earnings results on Thursday, July 26th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). The company had revenue of $17.32 million for the quarter. West Bancorporation had a return on equity of 15.09% and a net margin of 28.63%. On average, sell-side analysts forecast that West Bancorporation will post 1.76 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of WTBA. BlackRock Inc. boosted its position in shares of West Bancorporation by 1.4% in the 2nd quarter. BlackRock Inc. now owns 903,226 shares of the financial services provider’s stock worth $22,718,000 after buying an additional 12,247 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of West Bancorporation by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 729,529 shares of the financial services provider’s stock worth $18,348,000 after buying an additional 29,472 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of West Bancorporation by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 254,300 shares of the financial services provider’s stock worth $6,396,000 after buying an additional 7,300 shares in the last quarter. Northern Trust Corp boosted its position in shares of West Bancorporation by 2.9% in the 2nd quarter. Northern Trust Corp now owns 186,593 shares of the financial services provider’s stock worth $4,693,000 after buying an additional 5,339 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of West Bancorporation by 23.3% in the 2nd quarter. Bank of America Corp DE now owns 76,794 shares of the financial services provider’s stock worth $1,931,000 after buying an additional 14,488 shares in the last quarter. Institutional investors own 33.18% of the company’s stock.

West Bancorporation Company Profile

West Bancorporation, Inc operates as the holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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