West Bancorporation (NASDAQ:WTBA) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

West Bancorporation (NASDAQ:WTBA) released its quarterly earnings data on Thursday. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02, Zacks reports. West Bancorporation had a net margin of 11.17% and a return on equity of 9.46%. During the same period last year, the firm earned $0.27 earnings per share.

West Bancorporation Price Performance

NASDAQ:WTBA opened at $21.23 on Friday. West Bancorporation has a one year low of $15.80 and a one year high of $24.85. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $357.30 million, a price-to-earnings ratio of 16.59 and a beta of 0.98. The firm’s fifty day moving average is $22.56 and its two-hundred day moving average is $20.79.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WTBA. StockNews.com upgraded West Bancorporation from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Piper Sandler upped their price target on shares of West Bancorporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, October 25th.

Insider Buying and Selling

In related news, Director Douglas R. Gulling sold 4,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $23.61, for a total transaction of $94,440.00. Following the sale, the director now directly owns 80,709 shares of the company’s stock, valued at approximately $1,905,539.49. This represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.48% of the stock is owned by corporate insiders.

West Bancorporation Company Profile

West Bancorporation, Inc operates as the financial holding company 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.