West Bancorporation (NASDAQ:WTBA) Posts Earnings Results, Beats Expectations By $0.02 EPS

West Bancorporation (NASDAQ:WTBA) announced its earnings results on Thursday. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02, Zacks reports. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. During the same quarter in the prior year, the business posted $0.27 earnings per share.

West Bancorporation Trading Down 0.2 %

Shares of WTBA stock opened at $21.23 on Friday. West Bancorporation has a fifty-two week low of $15.80 and a fifty-two week high of $24.85. The firm has a market capitalization of $357.30 million, a P/E ratio of 16.59 and a beta of 0.98. The stock’s fifty day moving average is $22.56 and its two-hundred day moving average is $20.79. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95.

Analyst Ratings Changes

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

Insider Transactions at West Bancorporation

In related news, Director Douglas R. Gulling sold 4,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $23.61, for a total transaction of $94,440.00. Following the completion of the sale, the director now owns 80,709 shares of the company’s stock, valued at approximately $1,905,539.49. This represents a 4.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.48% of the company’s stock.

West Bancorporation Company Profile

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.