West Bancorporation (NASDAQ:WTBA) Issues Earnings Results

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

West Bancorporation Price Performance

Shares of West Bancorporation stock opened at $21.28 on Thursday. The stock has a market cap of $358.14 million, a P/E ratio of 16.63 and a beta of 0.98. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s fifty day moving average is $22.61 and its 200 day moving average is $20.78. West Bancorporation has a one year low of $15.80 and a one year high of $24.85.

Insider Buying and Selling at West Bancorporation

In other news, Director Douglas R. Gulling sold 4,000 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 80,709 shares of the company’s stock, valued at $1,905,539.49. This represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WTBA has been the subject of several research analyst reports. StockNews.com raised West Bancorporation from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Piper Sandler increased their price objective on shares of West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th.

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.