West Bancorporation (NASDAQ:WTBA) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

West Bancorporation, Inc. (NASDAQ:WTBA) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.95 and traded as high as $23.65. West Bancorporation shares last traded at $23.39, with a volume of 25,822 shares changing hands.

Wall Street Analyst Weigh In

WTBA has been the topic of several recent research reports. StockNews.com raised West Bancorporation from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Piper Sandler lifted their price target on West Bancorporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, October 25th.

West Bancorporation Trading Down 1.7 %

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $365.95 million, a price-to-earnings ratio of 16.98 and a beta of 0.97. The firm’s 50-day moving average is $22.66 and its 200 day moving average is $20.02.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. West Bancorporation had a net margin of 11.17% and a return on equity of 9.46%. The company had revenue of $50.97 million for the quarter, compared to analyst estimates of $20.00 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, equities analysts predict that West Bancorporation, Inc. will post 1.4 earnings per share for the current fiscal year.

West Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Wednesday, November 6th. West Bancorporation’s payout ratio is presently 78.13%.

Insider Activity

In other news, Director Douglas R. Gulling sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $23.61, for a total value of $94,440.00. Following the transaction, the director now owns 80,709 shares in the company, valued at approximately $1,905,539.49. The trade was a 4.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.48% of the company’s stock.

Institutional Investors Weigh In On West Bancorporation

Large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of West Bancorporation during the 3rd quarter valued at about $114,000. Choreo LLC acquired a new position in West Bancorporation in the second quarter valued at approximately $267,000. Barclays PLC boosted its holdings in shares of West Bancorporation by 291.2% during the 3rd quarter. Barclays PLC now owns 20,977 shares of the financial services provider’s stock worth $398,000 after buying an additional 15,615 shares in the last quarter. De Lisle Partners LLP grew its position in shares of West Bancorporation by 27.3% during the 3rd quarter. De Lisle Partners LLP now owns 32,156 shares of the financial services provider’s stock worth $612,000 after buying an additional 6,893 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of West Bancorporation by 280.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 48,424 shares of the financial services provider’s stock worth $867,000 after buying an additional 35,680 shares during the period. 44.30% of the stock is currently owned by institutional investors and hedge funds.

About West Bancorporation

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.