West Bancorporation (NASDAQ:WTBA) Price Target Raised to $28.00 at Hovde Group

West Bancorporation (NASDAQ:WTBA) had its price objective lifted by Hovde Group from $25.50 to $28.00 in a report released on Friday morning, MarketBeat reports. They currently have a market perform rating on the financial services provider’s stock.

Several other analysts have also recently weighed in on WTBA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of West Bancorporation in a research report on Friday, June 5th. Wall Street Zen upgraded West Bancorporation from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Piper Sandler lifted their price target on West Bancorporation from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Finally, Zacks Research lowered West Bancorporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.50.

West Bancorporation Stock Up 0.3%

Shares of NASDAQ WTBA opened at $27.27 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.39. West Bancorporation has a 12 month low of $17.31 and a 12 month high of $27.87. The firm has a market capitalization of $464.41 million, a PE ratio of 12.23 and a beta of 0.72. The firm has a fifty day simple moving average of $25.39 and a two-hundred day simple moving average of $24.48.

West Bancorporation (NASDAQ:WTBA) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. West Bancorporation had a net margin of 18.75% and a return on equity of 15.73%. The firm had revenue of $28.22 million for the quarter, compared to analyst estimates of $28.15 million. During the same quarter in the previous year, the firm posted $0.47 EPS. Equities analysts expect that West Bancorporation will post 2.59 earnings per share for the current year.

West Bancorporation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.8%. This is a boost from West Bancorporation’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, August 5th. West Bancorporation’s dividend payout ratio is currently 48.54%.

Hedge Funds Weigh In On West Bancorporation

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in shares of West Bancorporation by 4,593.5% during the third quarter. Russell Investments Group Ltd. now owns 1,455 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,424 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of West Bancorporation by 68.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,618 shares of the financial services provider’s stock worth $32,000 after buying an additional 660 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in West Bancorporation by 37.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,665 shares of the financial services provider’s stock valued at $37,000 after buying an additional 455 shares in the last quarter. Tower Research Capital LLC TRC increased its position in West Bancorporation by 662.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,784 shares of the financial services provider’s stock valued at $74,000 after buying an additional 3,288 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in West Bancorporation during the fourth quarter valued at $126,000. Institutional investors own 44.30% of the company’s stock.

West Bancorporation News Summary

Here are the key news stories impacting West Bancorporation this week:

• Positive Sentiment: West Bancorporation posted Q2 2026 earnings of $0.64 per share, edging past estimates and rising from $0.47 a year ago, while revenue of $28.22 million also slightly beat expectations. Article Title
• Positive Sentiment: The company declared a record quarterly dividend of $0.26 per share, up from $0.25 previously, signaling confidence in future cash flow and returning more capital to shareholders. Article Title
• Positive Sentiment: Profitability improved, with net income climbing to $11.1 million, net interest margin expanding to 2.69%, and return on average equity increasing to 16.21%, all of which point to stronger core banking performance. Article Title
• Neutral Sentiment: Hovde Group raised its price target on WTBA to $28.00 from $25.50 while keeping a “market perform” rating, which suggests the shares may have limited near-term upside from here. Article Title
• Negative Sentiment: Loan balances declined modestly quarter over quarter, and substandard loans increased to $14.4 million from zero, which could temper enthusiasm despite the otherwise strong earnings report. Article Title

About West Bancorporation

West Bancorporation, Inc is the bank holding company for West Town Bank and Trust, a full-service community bank headquartered in Chicago, Illinois. Through its subsidiary, the company offers a comprehensive suite of commercial and consumer banking products, including deposit accounts, residential and commercial mortgages, business loans and treasury management services. West Bancorporation focuses on delivering personalized financial solutions to small- and medium-sized businesses, real estate developers and individual customers within its urban market.

Since launching operations in 2006, West Town Bank and Trust has steadily expanded its presence across the Chicago metropolitan area.