West Bancorporation (NASDAQ:WTBA) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

WTBA has been the subject of a number of other reports. ValuEngine cut shares of West Bancorporation from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Zacks Investment Research cut shares of West Bancorporation from a “hold” rating to a “sell” rating in a research note on Thursday, December 20th.

NASDAQ WTBA opened at $21.51 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $353.61 million, a price-to-earnings ratio of 12.43 and a beta of 0.84. West Bancorporation has a 12-month low of $18.06 and a 12-month high of $26.95.

West Bancorporation (NASDAQ:WTBA) last posted its earnings results on Thursday, January 24th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The firm had revenue of $17.36 million during the quarter, compared to analysts’ expectations of $17.43 million. West Bancorporation had a net margin of 30.80% and a return on equity of 15.49%. As a group, analysts anticipate that West Bancorporation will post 1.71 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of WTBA. Northern Trust Corp lifted its stake in shares of West Bancorporation by 2.9% in the second quarter. Northern Trust Corp now owns 186,593 shares of the financial services provider’s stock worth $4,693,000 after buying an additional 5,339 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of West Bancorporation by 15.9% in the third quarter. Wells Fargo & Company MN now owns 26,027 shares of the financial services provider’s stock worth $612,000 after buying an additional 3,575 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of West Bancorporation by 27.2% in the third 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 during the last quarter. Opus Capital Group LLC increased its position in West Bancorporation by 95.7% during the third quarter. Opus Capital Group LLC now owns 19,941 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 9,753 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in West Bancorporation by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 744,562 shares of the financial services provider’s stock worth $17,497,000 after acquiring an additional 15,033 shares during the period. Institutional investors and hedge funds own 37.12% of the company’s stock.

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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