West Bancorporation (NASDAQ:WTBA – Get Free Report) had its price target cut by equities research analysts at Piper Sandler from $25.00 to $23.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective points to a potential upside of 4.31% from the stock’s previous close.
Separately, StockNews.com raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a report on Monday, October 28th.
Check Out Our Latest Stock Report on WTBA
West Bancorporation Stock Up 0.6 %
West Bancorporation (NASDAQ:WTBA – Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. West Bancorporation had a net margin of 11.17% and a return on equity of 9.46%. During the same period in the previous year, the business posted $0.27 EPS. As a group, research analysts forecast that West Bancorporation will post 1.4 EPS for the current fiscal year.
Insider Buying and Selling at West Bancorporation
In other West Bancorporation news, Director Douglas R. Gulling sold 4,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $23.61, for a total value of $94,440.00. Following the completion of the sale, the director now directly owns 80,709 shares of the company’s stock, valued at $1,905,539.49. This trade represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.48% of the company’s stock.
Institutional Investors Weigh In On West Bancorporation
Several large investors have recently added to or reduced their stakes in WTBA. SG Americas Securities LLC bought a new stake in West Bancorporation during the 3rd quarter valued at $114,000. City State Bank lifted its holdings in West Bancorporation by 6.4% during the 4th quarter. City State Bank now owns 8,354 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 499 shares in the last quarter. Barclays PLC boosted its stake in West Bancorporation by 291.2% in the 3rd quarter. Barclays PLC now owns 20,977 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 15,615 shares during the period. JPMorgan Chase & Co. grew its holdings in West Bancorporation by 267.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider’s stock valued at $493,000 after buying an additional 18,885 shares in the last quarter. Finally, Mutual Advisors LLC increased its position in shares of West Bancorporation by 2.6% during the fourth quarter. Mutual Advisors LLC now owns 28,176 shares of the financial services provider’s stock valued at $594,000 after buying an additional 713 shares during the period. Hedge funds and other institutional investors own 44.30% 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.
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