West Bancorporation (NASDAQ:WTBA) Upgraded to “Hold” at BidaskClub

West Bancorporation (NASDAQ:WTBA) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday, BidAskClub reports.

NASDAQ:WTBA traded down $0.11 during trading hours on Wednesday, reaching $22.03. The company’s stock had a trading volume of 313 shares, compared to its average volume of 35,399. The firm has a market capitalization of $357.90 million, a price-to-earnings ratio of 12.85 and a beta of 0.68. The firm has a 50-day simple moving average of $21.44 and a 200-day simple moving average of $21.27. West Bancorporation has a 1 year low of $18.06 and a 1 year high of $23.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94.

West Bancorporation (NASDAQ:WTBA) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $18.04 million during the quarter. West Bancorporation had a return on equity of 14.43% and a net margin of 27.79%.

In other West Bancorporation news, Director George D. Milligan bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $20.22 per share, for a total transaction of $101,100.00. Following the transaction, the director now directly owns 32,088 shares in the company, valued at $648,819.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.08% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Bank of Montreal Can boosted its stake in shares of West Bancorporation by 441.6% during the 2nd quarter. Bank of Montreal Can now owns 1,652 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,347 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of West Bancorporation by 16.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 17,215 shares of the financial services provider’s stock valued at $365,000 after purchasing an additional 2,450 shares in the last quarter. Morgan Stanley lifted its position in West Bancorporation by 24.4% during the 2nd quarter. Morgan Stanley now owns 21,833 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 4,279 shares during the period. Aptus Capital Advisors LLC lifted its position in West Bancorporation by 18.6% during the 2nd quarter. Aptus Capital Advisors LLC now owns 23,240 shares of the financial services provider’s stock valued at $493,000 after acquiring an additional 3,640 shares during the period. Finally, First Trust Advisors LP purchased a new position in West Bancorporation during the 2nd quarter valued at about $602,000. 37.04% of the stock is currently owned by institutional investors and hedge funds.

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 various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit.

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