West Bancorporation, Inc. (NASDAQ:WTBA) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price objective of $26.00 for the company and are forecasting that the company will post $0.42 earnings per share for the current quarter, according to Zacks. Zacks has also given West Bancorporation an industry rank of 120 out of 257 based on the ratings given to related companies.

A number of brokerages have recently weighed in on WTBA. BidaskClub cut West Bancorporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. ValuEngine lowered West Bancorporation from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Finally, Robert W. Baird initiated coverage on West Bancorporation in a report on Tuesday, October 16th. They issued an “outperform” rating and a $27.00 price objective for the company.

Hedge funds have recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in West Bancorporation by 27.2% in the 3rd quarter. American Century Companies Inc. now owns 19,389 shares of the financial services provider’s stock worth $456,000 after buying an additional 4,142 shares in the last quarter. Opus Capital Group LLC grew its holdings in West Bancorporation by 95.7% in the 3rd quarter. Opus Capital Group LLC now owns 19,941 shares of the financial services provider’s stock worth $468,000 after buying an additional 9,753 shares in the last quarter. Millennium Management LLC bought a new position in West Bancorporation in the 1st quarter worth approximately $551,000. Assenagon Asset Management S.A. bought a new position in West Bancorporation in the 3rd quarter worth approximately $541,000. Finally, Bailard Inc. bought a new position in West Bancorporation in the 2nd quarter worth approximately $644,000. 33.49% of the stock is owned by institutional investors and hedge funds.

Shares of West Bancorporation stock traded down $0.30 on Friday, reaching $21.38. 9,825 shares of the company were exchanged, compared to its average volume of 17,520. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $350.35 million, a price-to-earnings ratio of 13.79 and a beta of 0.81. West Bancorporation has a 1-year low of $21.29 and a 1-year high of $28.00.

West Bancorporation (NASDAQ:WTBA) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The company had revenue of $17.80 million for the quarter, compared to analyst estimates of $18.13 million. West Bancorporation had a return on equity of 15.36% and a net margin of 28.41%. Sell-side analysts predict that West Bancorporation will post 1.72 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Tuesday, November 6th. West Bancorporation’s dividend payout ratio (DPR) is 51.61%.

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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