West Bancorporation (WTBA) AI Stock Analysis

• Market Cap: $304.26M
• Dividend Yield: 5.57%
• Average Volume (3M): 31.81K
• Price to Earnings (P/E): 10.6
• Beta (1Y): 0.93
• Revenue Growth: 8.20%
• EPS Growth: 33.81%
• Country: US
• Employees: 180
• Sector: Financial
• Sector Strength: 68
• Industry: Banks - Regional
• EPS (TTM): 0.47
• Shares Outstanding: 16,940,784
• 10 Day Avg. Volume: 38,112
• 30 Day Avg. Volume: 31,806
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 2.26
• Enterprise Value/Revenue: 3.48
• Enterprise Value/Gross Profit: 10.97
• Enterprise Value/Ebitda: 23.26
• 1Y Price Target: $20.50
• Price Target Upside: 11.72% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: $20.50 ▲(11.72%Upside)

West Bancorporation's strong financial performance and positive earnings call sentiment are key strengths, suggesting solid fundamentals. However, bearish technical indicators and market challenges slightly temper the overall outlook.

West Bancorporation Business Overview & Revenue Model

Company Description

West Bancorporation, Inc. is a bank holding company headquartered in West Des Moines, Iowa. It operates primarily through its subsidiary, West Bank, which offers a range of commercial and retail banking services. The company's core products and services include loans, deposits, and treasury management services. West Bancorporation primarily serves individuals, businesses, and governmental entities across its regional market footprint.

How the Company Makes Money

West Bancorporation makes money primarily through interest income from its loan portfolio, which includes commercial, real estate, and consumer loans. The company also generates revenue from non-interest income sources such as service charges on deposit accounts, treasury management services, and fees related to other financial services. Additionally, the bank may earn income from investments in securities and other financial instruments. West Bancorporation's earnings are influenced by factors such as interest rate fluctuations, economic conditions, and the competitive landscape in the banking industry.

West Bancorporation Financial Statement Overview

Summary

West Bancorporation exhibits strong financial health with robust income statement performance, solid equity ratios, and positive cash flow trajectory. However, inconsistent revenue growth and fluctuating assets present potential risks.

Income Statement

West Bancorporation shows strong income statement performance with a consistent increase in net income and EBIT margin in the TTM. The gross profit margin is robust, indicating effective cost management. However, revenue growth has been inconsistent, which slightly tempers the overall positive outlook.

Balance Sheet

The balance sheet reflects solid equity ratios and an improving debt-to-equity ratio, suggesting strong financial stability and manageable leverage. Return on equity is moderate, indicating efficient use of shareholder funds. However, the fluctuating total assets and liabilities might suggest some volatility in financial management.

Cash Flow

Cash flow analysis reveals a positive trajectory with stable operating cash flow and improved free cash flow in the TTM. The free cash flow to net income ratio is healthy, demonstrating good cash generation relative to profits. However, fluctuations in investing cash flow warrant cautious monitoring.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	197.84M	169.75M	133.56M	116.42M	109.37M
Gross Profit	78.13M	77.78M	104.45M	105.69M	79.97M
EBITDA	34.37M	34.94M	63.86M	66.52M	44.77M
Net Income	24.05M	24.14M	46.40M	49.61M	32.71M
Balance Sheet
Total Assets	4.01B	3.83B	3.61B	3.50B	3.19B
Cash, Cash Equivalents and Short-Term Investments	788.04M	689.28M	689.01M	951.65M	498.26M
Total Debt	392.63M	592.64M	485.86M	199.87M	222.38M
Total Liabilities	3.79B	3.60B	3.40B	3.24B	2.96B
Stockholders Equity	227.88M	225.04M	211.11M	260.33M	223.69M
Cash Flow
Free Cash Flow	13.67M	-11.14M	38.13M	49.13M	39.97M
Operating Cash Flow	39.81M	25.25M	59.44M	57.88M	42.28M
Investing Cash Flow	-27.34M	-168.68M	-357.83M	-537.21M	-367.16M
Financing Cash Flow	165.65M	182.25M	132.11M	275.72M	668.02M

West Bancorporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 18.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WTBA, the sentiment is Negative. The current price of 18.35 is below the 20-day moving average (MA) of 19.42, below the 50-day MA of 19.45, and below the 200-day MA of 20.57, indicating a bearish trend. The MACD of -0.43 indicates Positive momentum. The RSI at 38.77 is Neutral, neither overbought nor oversold. The STOCH value of 15.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WTBA.

West Bancorporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CWBC	73 Outperform	$357.02M	13.50	7.23%	2.56%	48.19%	36.25%
FMAO	72 Outperform	$326.35M	11.14	8.66%	3.72%	8.62%	37.01%
WTBA	66 Neutral	$304.26M	10.56	12.42%	5.57%	8.20%	33.81%
Sector *	64 Neutral	kr128.63B	21.75	6.70%	3.95%	4.20%	-22.31%
CARE	60 Neutral	$392.31M	12.42	8.09%	―	9.18%	154.46%
BMRC	52 Neutral	$360.32M	51.08	1.58%	4.50%	23.26%	―

West Bancorporation Corporate Events

West Bancorporation Reports Q2 2025 Financial Results

West Bancorporation, Inc. announced its financial results for the second quarter of 2025, reporting a net income of $8.0 million, an increase from both the previous quarter and the same quarter in 2024. The company declared a quarterly dividend of $0.25 per share, payable in August 2025. The company highlighted improvements in net interest income, net interest margin, and efficiency ratio, with no loans on nonaccrual status and no loans past due over 90 days. Despite a decrease in loan balances due to asset sales and refinancing, deposits increased significantly, driven by a local municipal customer’s bond proceeds. The company remains focused on maintaining strong credit quality and exploring growth opportunities.

The most recent analyst rating on (WTBA) stock is a Hold with a $23.00 price target. To see the full list of analyst forecasts on West Bancorporation stock, see the WTBA Stock Forecast page.

West Bancorporation Presents Strategic Insights to Investors

On June 12, 2025, West Bancorporation‘s executive officers will present to select investors, sharing insights into the company’s financial performance and strategic direction. The presentation highlights the company’s strong market position in community banking, its focus on organic growth, and its strategic expansion efforts in the Minnesota markets, which enhance business development opportunities and visibility in these communities.

The most recent analyst rating on (WTBA) stock is a Hold with a $23.00 price target. To see the full list of analyst forecasts on West Bancorporation stock, see the WTBA Stock Forecast page.