West Bancorporation (NASDAQ:WTBA) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

WTBA has been the topic of several other research reports. ValuEngine lowered West Bancorporation from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Robert W. Baird started coverage on West Bancorporation in a research report on Tuesday, October 16th. They issued an “outperform” rating and a $27.00 price objective on the stock.

Shares of NASDAQ WTBA opened at $21.66 on Friday. The company has a market capitalization of $352.95 million, a P/E ratio of 13.97 and a beta of 0.76. West Bancorporation has a 52 week low of $21.29 and a 52 week high of $28.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.84 and a current ratio of 0.84.

West Bancorporation (NASDAQ:WTBA) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). The firm had revenue of $17.80 million during the quarter, compared to analysts’ expectations of $18.13 million. West Bancorporation had a net margin of 28.41% and a return on equity of 15.47%. Sell-side analysts predict that West Bancorporation will post 1.76 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new stake in West Bancorporation in the 1st quarter worth approximately $551,000. Acadian Asset Management LLC boosted its position in West Bancorporation by 14.5% in the 2nd quarter. Acadian Asset Management LLC now owns 26,546 shares of the financial services provider’s stock worth $668,000 after purchasing an additional 3,364 shares in the last quarter. Renaissance Technologies LLC boosted its position in West Bancorporation by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 254,300 shares of the financial services provider’s stock worth $6,396,000 after purchasing an additional 7,300 shares in the last quarter. Bailard Inc. purchased a new stake in West Bancorporation in the 2nd quarter worth approximately $644,000. Finally, Dimensional Fund Advisors LP boosted its position in West Bancorporation by 5.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 700,057 shares of the financial services provider’s stock worth $17,921,000 after purchasing an additional 33,421 shares in the last quarter. Institutional investors and hedge funds own 33.34% of the company’s stock.

About West Bancorporation

West Bancorporation, Inc operates as the 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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