West Bancorporation (WTBA) Downgraded to “Sell” at BidaskClub
West Bancorporation (NASDAQ:WTBA) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
West Bancorporation (NASDAQ WTBA) opened at 23.00 on Tuesday. The firm has a market capitalization of $372.85 million, a PE ratio of 15.44 and a beta of 1.07. West Bancorporation has a 52-week low of $18.31 and a 52-week high of $25.05. The stock’s 50 day moving average price is $23.52 and its 200 day moving average price is $23.02.
West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. West Bancorporation had a return on equity of 14.41% and a net margin of 31.77%. The business had revenue of $17.41 million for the quarter. Analysts expect that West Bancorporation will post $1.49 earnings per share for the current year.
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In other news, SVP Marie I. Roberts sold 1,681 shares of West Bancorporation stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $23.33, for a total transaction of $39,217.73. Following the sale, the senior vice president now directly owns 16,500 shares of the company’s stock, valued at $384,945. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.87% of the stock is currently owned by insiders.
About West Bancorporation
West Bancorporation, Inc is a bank holding company. The Company owns West Bank, which is a business-focused community bank. The Company operates in three markets, which include central Iowa; eastern Iowa, which is the area including and surrounding Iowa City and Coralville, Iowa, and the Rochester, Minnesota, area.
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