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BidaskClub Lowers West Bancorporation (NASDAQ:WTBA) to Hold

West Bancorporation (NASDAQ:WTBA) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, November 16th, BidAskClub reports.

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

West Bancorporation stock opened at $24.13 on Friday. The company has a fifty day simple moving average of $23.08 and a 200 day simple moving average of $21.71. West Bancorporation has a 1-year low of $18.06 and a 1-year high of $24.61. The company has a market cap of $394.42 million, a P/E ratio of 13.92 and a beta of 0.66. 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 (NASDAQ:WTBA) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The business had revenue of $19.27 million during the quarter. West Bancorporation had a net margin of 27.17% and a return on equity of 14.27%.

In related news, Director Patrick J. Donovan acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of $24.30 per share, for a total transaction of $36,450.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have purchased 4,000 shares of company stock valued at $96,500. 3.08% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. First Trust Advisors LP acquired a new position in shares of West Bancorporation during the 2nd quarter valued at $602,000. Acadian Asset Management LLC raised its holdings in West Bancorporation by 20.9% during the second quarter. Acadian Asset Management LLC now owns 42,580 shares of the financial services provider’s stock worth $904,000 after buying an additional 7,357 shares during the last quarter. Bank of Montreal Can raised its holdings in West Bancorporation by 441.6% during the second quarter. Bank of Montreal Can now owns 1,652 shares of the financial services provider’s stock worth $35,000 after buying an additional 1,347 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in West Bancorporation by 4.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 37,526 shares of the financial services provider’s stock worth $797,000 after buying an additional 1,486 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in West Bancorporation by 0.7% during the second quarter. Renaissance Technologies LLC now owns 353,852 shares of the financial services provider’s stock worth $7,509,000 after buying an additional 2,300 shares during the last quarter. 37.28% of the stock is currently owned by institutional investors.

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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