BidaskClub Downgrades West Bancorporation (NASDAQ:WTBA) to Sell

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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 to clients and investors on Tuesday, BidAskClub reports.

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

WTBA traded up $0.33 during trading on Tuesday, reaching $24.65. 915 shares of the company were exchanged, compared to its average volume of 16,847. The stock has a market cap of $402.29 million, a P/E ratio of 14.20 and a beta of 0.71. The firm has a 50 day moving average of $24.95 and a 200 day 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. West Bancorporation has a 52 week low of $19.28 and a 52 week high of $25.93.

West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. West Bancorporation had a return on equity of 14.27% and a net margin of 27.17%. The company had revenue of $19.27 million during the quarter.

In other news, Director Patrick J. Donovan bought 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of $24.06 per share, with a total value of $36,090.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 6,500 shares of company stock valued at $157,180 in the last ninety days. Company insiders own 3.08% of the company’s stock.

A number of hedge funds have recently made changes to their positions in WTBA. BlackRock Inc. boosted its stake in West Bancorporation by 5.0% during the second quarter. BlackRock Inc. now owns 1,049,636 shares of the financial services provider’s stock valued at $22,271,000 after buying an additional 49,818 shares in the last quarter. Iowa State Bank boosted its stake in West Bancorporation by 437.8% during the third quarter. Iowa State Bank now owns 59,521 shares of the financial services provider’s stock valued at $1,294,000 after buying an additional 48,454 shares in the last quarter. Gilbert & Cook Inc. bought a new position in West Bancorporation during the third quarter valued at about $411,000. Vanguard Group Inc. boosted its stake in West Bancorporation by 1.2% during the second quarter. Vanguard Group Inc. now owns 658,171 shares of the financial services provider’s stock valued at $13,967,000 after buying an additional 7,520 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of West Bancorporation during the third quarter valued at $125,000. 38.68% of the stock is owned by institutional investors and hedge funds.

About West Bancorporation

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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