West Bancorporation (NASDAQ:WTBA) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

West Bancorporation (NASDAQ:WTBA) posted its quarterly earnings data on Thursday. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04, RTT News reports. The business had revenue of $50.97 million during the quarter, compared to analyst estimates of $20.00 million. West Bancorporation had a return on equity of 9.78% and a net margin of 11.57%. During the same period last year, the company earned $0.35 EPS.

West Bancorporation Trading Up 3.7 %

Shares of NASDAQ WTBA traded up $0.77 during midday trading on Friday, hitting $21.45. The company’s stock had a trading volume of 24,930 shares, compared to its average volume of 27,181. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. The business’s 50 day moving average is $19.31 and its two-hundred day moving average is $18.28. West Bancorporation has a 12-month low of $15.80 and a 12-month high of $22.39. The firm has a market cap of $360.66 million, a P/E ratio of 16.14 and a beta of 0.98.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price target on West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday.

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.