West Bancorporation (NASDAQ:WTBA) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

West Bancorporation, Inc. (NASDAQ:WTBA)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $21.24 and traded as high as $22.52. West Bancorporation shares last traded at $22.21, with a volume of 14,696 shares changing hands.

Analysts Set New Price Targets

Several analysts recently commented on WTBA shares. Piper Sandler dropped their target price on West Bancorporation from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. StockNews.com upgraded West Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th.

West Bancorporation Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.86. The company’s fifty day moving average is $21.79 and its two-hundred day moving average is $21.24. The stock has a market cap of $374.79 million, a price-to-earnings ratio of 15.57 and a beta of 0.97.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. West Bancorporation had a net margin of 12.12% and a return on equity of 10.56%. During the same period in the prior year, the company earned $0.27 earnings per share. As a group, research analysts predict that West Bancorporation, Inc. will post 1.65 earnings per share for the current year.

West Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Wednesday, February 5th. West Bancorporation’s dividend payout ratio (DPR) is 69.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. City State Bank grew its holdings in shares of West Bancorporation by 6.4% during the 4th quarter. City State Bank now owns 8,354 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 499 shares during the period. SG Americas Securities LLC lifted its position in West Bancorporation by 11.3% during the 4th quarter. SG Americas Securities LLC now owns 6,658 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 678 shares in the last quarter. Mutual Advisors LLC lifted its position in West Bancorporation by 2.6% during the 4th quarter. Mutual Advisors LLC now owns 28,176 shares of the financial services provider’s stock worth $594,000 after acquiring an additional 713 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in West Bancorporation by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,928 shares of the financial services provider’s stock worth $735,000 after acquiring an additional 805 shares during the period. Finally, Wells Fargo & Company MN grew its position in West Bancorporation by 20.4% in the fourth quarter. Wells Fargo & Company MN now owns 12,157 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 2,062 shares in the last quarter. Institutional investors and hedge funds own 44.30% of the company’s stock.

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.