West Bancorporation (NASDAQ:WTBA) Stock Price Passes Above Two Hundred Day Moving Average of $17.67

Shares of West Bancorporation, Inc. (NASDAQ:WTBA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.67 and traded as high as $18.72. West Bancorporation shares last traded at $18.62, with a volume of 14,718 shares trading hands.

Analyst Ratings Changes

Several research firms have issued reports on WTBA. StockNews.com began coverage on shares of West Bancorporation in a research report on Thursday, October 5th. They set a “sell” rating on the stock. Piper Sandler boosted their price target on West Bancorporation from $19.00 to $21.50 in a research report on Friday, July 28th. Finally, TheStreet cut West Bancorporation from a “b-” rating to a “c+” rating in a research report on Wednesday, October 4th.

West Bancorporation Stock Performance

The stock has a market capitalization of $306.90 million, a price-to-earnings ratio of 10.48 and a beta of 0.91. The company’s fifty day simple moving average is $16.57 and its 200 day simple moving average is $17.68. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.17.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter. West Bancorporation had a return on equity of 13.45% and a net margin of 17.50%. The firm had revenue of $19.46 million for the quarter. On average, equities research analysts expect that West Bancorporation, Inc. will post 1.48 earnings per share for the current year.

West Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Tuesday, November 7th. West Bancorporation’s payout ratio is presently 58.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WTBA. BlackRock Inc. boosted its holdings in shares of West Bancorporation by 14.5% during the 2nd quarter. BlackRock Inc. now owns 1,135,102 shares of the financial services provider’s stock valued at $20,897,000 after acquiring an additional 143,689 shares in the last quarter. Morgan Stanley increased its position in West Bancorporation by 208.2% in the 4th quarter. Morgan Stanley now owns 155,233 shares of the financial services provider’s stock valued at $3,966,000 after acquiring an additional 104,866 shares during the period. West Bancorporation Inc. raised its stake in shares of West Bancorporation by 8.8% during the second quarter. West Bancorporation Inc. now owns 428,897 shares of the financial services provider’s stock valued at $7,896,000 after acquiring an additional 34,682 shares during the last quarter. FMR LLC lifted its holdings in shares of West Bancorporation by 1.6% during the first quarter. FMR LLC now owns 1,358,683 shares of the financial services provider’s stock worth $24,823,000 after purchasing an additional 21,725 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of West Bancorporation by 119.9% in the third quarter. Two Sigma Advisers LP now owns 36,500 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 19,900 shares during the last quarter. 43.77% of the stock is owned by institutional investors.

West Bancorporation Company Profile

West Bancorporation, Inc operates as the financial 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 deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.