West Bancorporation (WTBA) Set to Announce Quarterly Earnings on Thursday

Posted by Defense World Staff on Oct 19th, 2023

West Bancorporation (NASDAQ:WTBA – Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.31 per share for the quarter.

West Bancorporation (NASDAQ:WTBA – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $19.73 million for the quarter, compared to analysts’ expectations of $19.90 million. West Bancorporation had a net margin of 22.13% and a return on equity of 16.23%. On average, analysts expect West Bancorporation to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

West Bancorporation Trading Down 2.2 %

NASDAQ:WTBA opened at $15.70 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $262.66 million, a price-to-earnings ratio of 7.70 and a beta of 0.91. West Bancorporation has a 52 week low of $15.04 and a 52 week high of $25.80. The firm has a 50-day moving average price of $17.42 and a two-hundred day moving average price of $17.80.

West Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.00 annualized dividend and a yield of 6.37%. West Bancorporation’s dividend payout ratio (DPR) is 49.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WTBA shares. StockNews.com started coverage on shares of West Bancorporation in a research note on Thursday, October 5th. They set a “sell” rating for the company. Piper Sandler raised their price target on shares of West Bancorporation from $19.00 to $21.50 in a research note on Friday, July 28th. Finally, TheStreet lowered shares of West Bancorporation from a “b-” rating to a “c+” rating in a research note on Wednesday, October 4th.

Get Our Latest Analysis on West Bancorporation

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its holdings in shares of West Bancorporation by 476.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 18,132 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 14,984 shares during the last quarter. Bank of New York Mellon Corp raised its position in West Bancorporation by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 129,574 shares of the financial services provider’s stock worth $3,526,000 after purchasing an additional 2,006 shares during the period. American Century Companies Inc. raised its position in West Bancorporation by 27.8% in the 1st quarter. American Century Companies Inc. now owns 67,511 shares of the financial services provider’s stock worth $1,837,000 after purchasing an additional 14,700 shares during the period. Acadian Asset Management LLC raised its position in West Bancorporation by 47.6% in the 1st quarter. Acadian Asset Management LLC now owns 26,519 shares of the financial services provider’s stock worth $719,000 after purchasing an additional 8,553 shares during the period. Finally, MetLife Investment Management LLC raised its position in West Bancorporation by 36.1% in the 1st quarter. MetLife Investment Management LLC now owns 9,647 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 2,557 shares during the period. 43.77% of the stock is owned by institutional investors.

West Bancorporation Company Profile

(Get Free Report)

West Bancorporation, Inc operates as the financial 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 deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.