The stock of West Bancorporation, Inc. (NASDAQ:WTBA) reached all time high today, Nov, 22 and still has $25.09 target or 7.00% above today’s $23.45 share price. This indicates more upside for the $384.12 million company. This technical setup was reported by Barchart.com. If the $25.09 PT is reached, the company will be worth $26.89M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 23,427 shares traded hands or 18.59% up from the average. West Bancorporation, Inc. (NASDAQ:WTBA) has risen 28.18% since April 20, 2016 and is uptrending. It has outperformed by 23.63% the S&P500.
According to Zacks Investment Research, “WEST BANCORP has focused on providing community-oriented personal and commercial banking services. They provide full service to small and medium size businesses, individuals, schools, organizations and local government. West Bank is known for sticking to the basics in banking. They focus on traditional services like loans and deposit accounts for business and individuals. Unlike most banks, West Bank has held the line on service charge increases.”
Insitutional Activity: The institutional sentiment increased to 2.82 in 2016 Q2. Its up 1.91, from 0.91 in 2016Q1. The ratio improved, as 3 funds sold all West Bancorporation, Inc. shares owned while 19 reduced positions. 1 funds bought stakes while 19 increased positions. They now own 3.98 million shares or 0.62% less from 4.01 million shares in 2016Q1.
Tiaa Cref Management Limited Liability Co, a New York-based fund reported 57,798 shares. Deutsche Comml Bank Ag has 0% invested in the company for 20,835 shares. Financial Bank Of America De last reported 0% of its portfolio in the stock. Panagora Asset Management holds 0% or 41,784 shares in its portfolio. Commercial Bank Of Mellon holds 0% or 93,516 shares in its portfolio. Bridgeway Mgmt holds 0.01% of its portfolio in West Bancorporation, Inc. (NASDAQ:WTBA) for 27,100 shares. Goldman Sachs Group Inc reported 21,019 shares or 0% of all its holdings. Metropolitan Life Insur Com Ny has invested 0% of its portfolio in West Bancorporation, Inc. (NASDAQ:WTBA). Moreover, Rhumbline Advisers has 0% invested in West Bancorporation, Inc. (NASDAQ:WTBA) for 20,141 shares. Jpmorgan Chase And owns 190,681 shares or 0% of their US portfolio. Bank & Trust Of Montreal Can accumulated 352 shares or 0% of the stock. Legal & General Group Pcl has 0% invested in the company for 3,103 shares. Morgan Stanley has invested 0% of its portfolio in West Bancorporation, Inc. (NASDAQ:WTBA). Pnc Financial Grp Inc last reported 0% of its portfolio in the stock. Iowa Natl Bank last reported 0.15% of its portfolio in the stock.
Insider Transactions: Since November 16, 2016, the stock had 0 insider purchases, and 1 sale for $57,193 net activity. GERDIN MICHAEL J had sold 2,500 shares worth $57,193 on Wednesday, November 16.
More news for West Bancorporation, Inc. (NASDAQ:WTBA) were recently published by: Globenewswire.com, which released: “West Bancorporation, Inc. Announces Record Third Quarter Net Income, Declares …” on October 27, 2016. Reuters.com‘s article titled: “BRIEF-West Bancorporation Inc reports Q3 EPS of $0.36” and published on October 27, 2016 is yet another important article.
WTBA Company Profile
West Bancorporation, Inc., incorporated on August 3, 1938, is a bank holding company. The Firm owns West Bank, which is a business-focused community bank. It operates through banking segment. The Firm operates in approximately three markets, which include central Iowa; eastern Iowa, which is the area including and surrounding Iowa City and Coralville, Iowa, and the Rochester, Minnesota, area. West Bank has approximately 10 offices in the Des Moines area, one office in Iowa City, one office in Coralville and one office in Rochester, Minnesota. West Bank offers all basic types of credit to its customers, including commercial, real estate and consumer loans. West Bank offers trust services, including the administration of estates, conservatorships, personal trusts and agency accounts. West Bank offers a range of deposit services, including checking, savings, money market accounts and time certificates of deposit. In addition, West Bank also offers Internet, mobile banking and treasury management services. Treasury management services offered to business clients include cash management, client-generated automated clearing house transactions, remote deposit and fraud protection services. It also offers merchant credit card processing and corporate credit cards.
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