West Bancorporation (NASDAQ:WTBA) Downgraded by BidaskClub

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

Separately, ValuEngine lowered West Bancorporation from a “hold” rating to a “sell” rating in a research note on Friday, November 1st.

NASDAQ WTBA traded up $0.33 during trading on Tuesday, hitting $24.65. 915 shares of the company traded hands, compared to its average volume of 16,847. West Bancorporation has a 12 month low of $19.28 and a 12 month high of $25.93. The business has a fifty day simple moving average of $24.95 and a 200 day simple moving average of $22.69. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $402.29 million, a P/E ratio of 14.20 and a beta of 0.71.

West Bancorporation (NASDAQ:WTBA) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $19.27 million for the quarter. West Bancorporation had a return on equity of 14.27% and a net margin of 27.17%.

In other West Bancorporation news, Director Patrick J. Donovan acquired 1,500 shares of West Bancorporation stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $24.30 per share, with a total value of $36,450.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have bought 6,500 shares of company stock valued at $157,180. Corporate insiders own 3.08% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Bank of Montreal Can raised its holdings in West Bancorporation by 441.6% in the 2nd quarter. Bank of Montreal Can now owns 1,652 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 1,347 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of West Bancorporation by 4.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 37,526 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 1,486 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of West Bancorporation by 6.9% during the 3rd quarter. Rhumbline Advisers now owns 24,612 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 1,580 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of West Bancorporation by 0.7% during the 2nd quarter. Renaissance Technologies LLC now owns 353,852 shares of the financial services provider’s stock worth $7,509,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings 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 worth $365,000 after purchasing an additional 2,450 shares in the last quarter. Institutional investors own 38.68% of the company’s stock.

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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