West Bancorporation (WTBA) Rating Increased to Hold at BidaskClub
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.
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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