Could West Bancorporation, Inc. (WTBA) See a Reversal After Having Formed Several Months Double Bottom Chart Pattern

September 17, 2017 - By Marguerite Chambers

Investors sentiment decreased to 1.04 in Q4 2016. Its down 1.78, from 2.82 in 2016Q3. It fall, as 5 investors sold West Bancorporation, Inc. shares while 19 reduced holdings. 3 funds opened positions while 22 raised stakes. 4.35 million shares or 6.42% more from 4.08 million shares in 2016Q3 were reported.
National Bank & Trust Of Ny Mellon holds 113,699 shares. Amer Gru invested 0% of its portfolio in West Bancorporation, Inc. (NASDAQ:WTBA). Deutsche National Bank Ag reported 42,022 shares. Sei Invests stated it has 0% of its portfolio in West Bancorporation, Inc. (NASDAQ:WTBA). Kennedy Cap Mngmt has 76,725 shares. Jpmorgan Chase And reported 182,643 shares. California Public Employees Retirement Systems holds 0% or 45,500 shares in its portfolio. Price T Rowe Associates Md accumulated 17,740 shares. Ativo Capital Mngmt Ltd holds 44,322 shares. California State Teachers Retirement Sys stated it has 32,762 shares. Bnp Paribas Arbitrage, New York-based fund reported 272 shares. Iowa National Bank & Trust invested in 0.23% or 18,163 shares. Citigroup owns 20,623 shares. Blackrock invested 0% of its portfolio in West Bancorporation, Inc. (NASDAQ:WTBA). Barclays Public Ltd Co reported 100 shares.

Since June 9, 2017, it had 0 insider buys, and 1 sale for $39,218 activity.

The chart of West Bancorporation, Inc. (WTBA) shows a double bottom with $19.84 target or 9.00 % below today’s $21.80 share price. The 5 months chart pattern indicates high risk for the $353.40 million company. It was reported on Sep, 17 by Finviz.com. If the $19.84 price target is reached, the company will be worth $31.81M less. Double bottoms are rare but powerful chart patterns.

It closed at $21.8 lastly. It is up 22.40% since September 17, 2016 and is uptrending. It has outperformed by 5.70% the S&P500.

Another recent and important West Bancorporation, Inc. (NASDAQ:WTBA) news was published by Nasdaq.com which published an article titled: “Zacks.com featured highlights: CBRE Group, East West Bancorp, Hasbro, Canadian …” on August 29, 2017.

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