West Bancorporation (NASDAQ:WTBA) Issues Earnings Results, Beats Estimates By $0.04 EPS

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

West Bancorporation Trading Up 3.7 %

Shares of NASDAQ:WTBA traded up $0.77 during trading on Friday, hitting $21.45. The company had a trading volume of 24,930 shares, compared to its average volume of 27,181. The stock has a market cap of $360.66 million, a price-to-earnings ratio of 16.14 and a beta of 0.98. West Bancorporation has a one year low of $15.80 and a one year high of $22.39. The company has a fifty day simple moving average of $19.31 and a two-hundred day simple moving average of $18.28. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95.

Analyst Ratings Changes

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