West Bancorporation (NASDAQ:WTBA) Announces Quarterly Earnings Results

West Bancorporation (NASDAQ:WTBA) posted its quarterly earnings data on Thursday. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02, Zacks reports. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%.

West Bancorporation Stock Down 0.6 %

WTBA stock opened at $21.28 on Thursday. The business has a 50 day moving average of $22.61 and a 200 day moving average of $20.78. The firm has a market cap of $358.14 million, a PE ratio of 16.63 and a beta of 0.98. West Bancorporation has a twelve month low of $15.80 and a twelve month high of $24.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.86.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other West Bancorporation news, Director Douglas R. Gulling sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $23.61, for a total transaction of $94,440.00. Following the completion of the sale, the director now directly owns 80,709 shares in the company, valued at approximately $1,905,539.49. This trade represents a 4.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.48% of the company’s stock.

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.