West Bancorp Upgraded by Zacks to Outperform (WTBA)
West Bancorp (NASDAQ:WTBA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, StockRatingsNetwork reports. The firm currently has a $16.70 target price on the stock. Zacks‘ price target indicates a potential upside of 10.23% from the company’s current price.
West Bancorp (NASDAQ:WTBA) traded down 1.65% during mid-day trading on Tuesday, hitting $14.8999. The stock had a trading volume of 8,499 shares. West Bancorp has a 52 week low of $10.10 and a 52 week high of $16.64. The stock has a 50-day moving average of $15.28 and a 200-day moving average of $14.04. The company has a P/E ratio of 14.33.
West Bancorp (NASDAQ:WTBA) last posted its quarterly earnings results on Friday, January 24th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, analysts predict that West Bancorp will post $1.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, February 25th. Shareholders of record on Wednesday, February 5th will be paid a dividend of 0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Monday, February 3rd.
West Bancorporation, Inc (NASDAQ:WTBA) is a bank holding company.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.