West Bancorporation (WTBA) Downgraded to “Hold” at BidaskClub

West Bancorporation (NASDAQ:WTBA) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday, December 30th.

West Bancorporation (NASDAQ:WTBA) opened at $25.75 on Friday. West Bancorporation has a 1 year low of $20.60 and a 1 year high of $28.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $417.56, a price-to-earnings ratio of 16.94 and a beta of 1.00.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. West Bancorporation had a return on equity of 14.48% and a net margin of 31.63%. The firm had revenue of $17.30 million for the quarter.

Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in shares of West Bancorporation by 2.0% during the 2nd quarter. Wells Fargo & Company MN now owns 10,660 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 213 shares during the period. Alliancebernstein L.P. bought a new stake in shares of West Bancorporation during the 2nd quarter valued at $376,000. New York State Common Retirement Fund raised its stake in shares of West Bancorporation by 9.6% during the 2nd quarter. New York State Common Retirement Fund now owns 16,000 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 1,399 shares during the period. OxFORD Asset Management LLP bought a new stake in shares of West Bancorporation during the 2nd quarter valued at $383,000. Finally, Nationwide Fund Advisors raised its stake in shares of West Bancorporation by 10.1% during the 2nd quarter. Nationwide Fund Advisors now owns 17,445 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 1,600 shares during the period. Institutional investors own 29.23% of the company’s stock.

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West Bancorporation Company Profile

West Bancorporation, Inc is a bank holding company. The Company owns West Bank, which is a business-focused community bank. The Company operates in three markets, which include central Iowa; eastern Iowa, which is the area including and surrounding Iowa City and Coralville, Iowa, and the Rochester, Minnesota, area.

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