West Bancorporation, Inc. operates as the financial holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. More Details
Flawless balance sheet 6 star dividend payer.
Share Price & News
How has West Bancorporation's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WTBA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: WTBA's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: WTBA underperformed the US Banks industry which returned 56.9% over the past year.
Return vs Market: WTBA underperformed the US Market which returned 56.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is West Bancorporation's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWest Bancorporation, Inc.'s (NASDAQ:WTBA) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
1 month ago | Simply Wall StDon't Ignore The Fact That This Insider Just Sold Some Shares In West Bancorporation, Inc. (NASDAQ:WTBA)
1 month ago | Simply Wall StIs Now The Time To Put West Bancorporation (NASDAQ:WTBA) On Your Watchlist?
Is West Bancorporation undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WTBA ($24.88) is trading below our estimate of fair value ($27.38)
Significantly Below Fair Value: WTBA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: WTBA is good value based on its PE Ratio (12.5x) compared to the US Banks industry average (13.3x).
PE vs Market: WTBA is good value based on its PE Ratio (12.5x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: WTBA is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: WTBA is overvalued based on its PB Ratio (1.8x) compared to the US Banks industry average (1.1x).
How is West Bancorporation forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WTBA's forecast earnings growth (10.4% per year) is above the savings rate (2%).
Earnings vs Market: WTBA's earnings (10.4% per year) are forecast to grow slower than the US market (18.6% per year).
High Growth Earnings: WTBA's earnings are forecast to grow, but not significantly.
Revenue vs Market: WTBA's revenue (9.8% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: WTBA's revenue (9.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WTBA's Return on Equity is forecast to be low in 3 years time (15.4%).
How has West Bancorporation performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WTBA has high quality earnings.
Growing Profit Margin: WTBA's current net profit margins (40.7%) are higher than last year (38.7%).
Past Earnings Growth Analysis
Earnings Trend: WTBA's earnings have grown by 8.1% per year over the past 5 years.
Accelerating Growth: WTBA's earnings growth over the past year (14%) exceeds its 5-year average (8.1% per year).
Earnings vs Industry: WTBA earnings growth over the past year (14%) exceeded the Banks industry 1.4%.
Return on Equity
High ROE: WTBA's Return on Equity (14.6%) is considered low.
How is West Bancorporation's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: WTBA's Assets to Equity ratio (14.2x) is moderate.
Allowance for Bad Loans: WTBA has a sufficient allowance for bad loans (182%).
Low Risk Liabilities: 91% of WTBA's liabilities are made up of primarily low risk sources of funding.
Loan Level: WTBA has an appropriate level of Loans to Assets ratio (71%).
Low Risk Deposits: WTBA's Loans to Deposits ratio (83%) is appropriate.
Level of Bad Loans: WTBA has an appropriate level of bad loans (0.7%).
What is West Bancorporation current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WTBA's dividend (3.54%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: WTBA's dividend (3.54%) is in the top 25% of dividend payers in the US market (3.5%)
Stability and Growth of Payments
Stable Dividend: WTBA's dividends per share have been stable in the past 10 years.
Growing Dividend: WTBA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.2%), WTBA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WTBA's dividends in 3 years are forecast to be well covered by earnings (35.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Nelson (59 yo)
Mr. David D. Nelson, also known as Dave, has been the Chief Executive Officer and President of West Bancorp., Inc. since April 1, 2010 and serves as its Director. Mr. Nelson has been the Chairman of the Bo...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD967.52K) is below average for companies of similar size in the US market ($USD1.48M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Experienced Management: WTBA's management team is seasoned and experienced (11 years average tenure).
Experienced Board: WTBA's board of directors are seasoned and experienced ( 10 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WTBA insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
West Bancorporation, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: West Bancorporation, Inc.
- Ticker: WTBA
- Exchange: NasdaqGS
- Founded: 1893
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$409.755m
- Shares outstanding: 16.47m
- Website: https://www.westbankstrong.com
Number of Employees
- West Bancorporation, Inc.
- 1601 22nd Street
- West Des Moines
- United States
West Bancorporation, Inc. operates as the financial holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United State...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 22:16|
|End of Day Share Price||2021/04/09 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.