West Bancorporation (WTBA) Scheduled to Post Earnings on Thursday

West Bancorporation (NASDAQ:WTBA) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.04). The business had revenue of $18.26 million during the quarter, compared to analysts’ expectations of $18.82 million. West Bancorporation had a return on equity of 11.19% and a net margin of 14.17%. On average, analysts expect West Bancorporation to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

West Bancorporation Trading Down 0.9 %

Shares of West Bancorporation stock opened at $15.80 on Thursday. West Bancorporation has a fifty-two week low of $15.04 and a fifty-two week high of $22.39. The stock has a 50 day moving average of $17.24 and a 200 day moving average of $18.04. The firm has a market capitalization of $264.33 million, a price-to-earnings ratio of 10.97 and a beta of 0.91. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.94 and a current ratio of 0.94.

West Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 6.33%. West Bancorporation’s dividend payout ratio is currently 69.44%.

Institutional Trading of West Bancorporation

Hedge funds have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of West Bancorporation by 88.0% in the first quarter. Barclays PLC now owns 8,182 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 3,831 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in West Bancorporation by 476.0% in the first quarter. Advisor Group Holdings Inc. now owns 18,132 shares of the financial services provider’s stock valued at $146,000 after buying an additional 14,984 shares in the last quarter. Osaic Holdings Inc. raised its stake in West Bancorporation by 16.3% in the second quarter. Osaic Holdings Inc. now owns 7,148 shares of the financial services provider’s stock valued at $132,000 after buying an additional 1,000 shares in the last quarter. Wells Fargo & Company MN raised its stake in West Bancorporation by 110.6% in the second quarter. Wells Fargo & Company MN now owns 6,191 shares of the financial services provider’s stock valued at $114,000 after buying an additional 3,251 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC raised its stake in West Bancorporation by 21.7% in the third quarter. BNP Paribas Arbitrage SNC now owns 4,833 shares of the financial services provider’s stock valued at $101,000 after buying an additional 862 shares in the last quarter. 44.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, TheStreet lowered West Bancorporation from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th.

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.