WTBA Stock Overview
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.
West Bancorporation Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$20.81|
|52 Week High||US$34.50|
|52 Week Low||US$20.39|
|1 Month Change||-15.44%|
|3 Month Change||-15.17%|
|1 Year Change||-32.50%|
|3 Year Change||-3.03%|
|5 Year Change||-15.92%|
|Change since IPO||233.05%|
Recent News & Updates
West Banc GAAP EPS of $0.75 beats by $0.06, revenue of $26.52M beats by $0.32M
West Banc press release (NASDAQ:WTBA): Q2 GAAP EPS of $0.75 beats by $0.06. Revenue of $26.52M (-42.3% Y/Y) beats by $0.32M.
|WTBA||US Banks||US Market|
Return vs Industry: WTBA underperformed the US Banks industry which returned -23.9% over the past year.
Return vs Market: WTBA underperformed the US Market which returned -21.5% over the past year.
|WTBA Average Weekly Movement||4.1%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: WTBA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: WTBA's weekly volatility (4%) has been stable over the past year.
About the Company
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. It accepts various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit. The company also provides loan products comprising commercial real estate loans, construction and land development loans, commercial lines of credit, and commercial term loans; consumer loans, including loans extended to individuals for household, family, and other personal expenditures not secured by real estate; and 1-4 family residential mortgages and home equity loans.
West Bancorporation Fundamentals Summary
|WTBA fundamental statistics|
Is WTBA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WTBA income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 27, 2022
|Earnings per share (EPS)||3.03|
|Net Profit Margin||46.27%|
How did WTBA perform over the long term?See historical performance and comparison
4.8%Current Dividend Yield
Is WTBA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WTBA?
Other financial metrics that can be useful for relative valuation.
|What is WTBA's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does WTBA's PE Ratio compare to its peers?
|WTBA PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
AMBZ American Business Bank
FMAO Farmers & Merchants Bancorp
RCBC River City Bank
SFST Southern First Bancshares
WTBA West Bancorporation
Price-To-Earnings vs Peers: WTBA is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (9x).
Price to Earnings Ratio vs Industry
How does WTBA's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: WTBA is good value based on its Price-To-Earnings Ratio (6.9x) compared to the US Banks industry average (9.4x)
Price to Earnings Ratio vs Fair Ratio
What is WTBA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||6.9x|
|Fair PE Ratio||7.9x|
Price-To-Earnings vs Fair Ratio: WTBA is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (7.9x).
Share Price vs Fair Value
What is the Fair Price of WTBA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: WTBA ($20.81) is trading below our estimate of fair value ($39.15)
Significantly Below Fair Value: WTBA is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is West Bancorporation forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WTBA's earnings are forecast to decline over the next 3 years (-17.4% per year).
Earnings vs Market: WTBA's earnings are forecast to decline over the next 3 years (-17.4% per year).
High Growth Earnings: WTBA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WTBA's revenue is expected to decline over the next 3 years (-4.1% per year).
High Growth Revenue: WTBA's revenue is forecast to decline over the next 3 years (-4.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if WTBA's Return on Equity is forecast to be high in 3 years time
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How has West Bancorporation performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WTBA has high quality earnings.
Growing Profit Margin: WTBA's current net profit margins (46.3%) are higher than last year (44.6%).
Past Earnings Growth Analysis
Earnings Trend: WTBA's earnings have grown by 16.7% per year over the past 5 years.
Accelerating Growth: WTBA's earnings growth over the past year (21.2%) exceeds its 5-year average (16.7% per year).
Earnings vs Industry: WTBA earnings growth over the past year (21.2%) exceeded the Banks industry 8.5%.
Return on Equity
High ROE: Whilst WTBA's Return on Equity (23.34%) is high, this metric is skewed due to their high level of debt.
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How is West Bancorporation's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: WTBA's Assets to Equity ratio (16.1x) is moderate.
Allowance for Bad Loans: WTBA has a sufficient allowance for bad loans (7592%).
Low Risk Liabilities: 87% 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 (73%).
Low Risk Deposits: WTBA's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: WTBA has an appropriate level of bad loans (0%).
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What is West Bancorporation current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|West Bancorporation Dividend Yield vs Market|
|Company (West Bancorporation)||4.8%|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Banks)||3.4%|
|Analyst forecast in 3 Years (West Bancorporation)||4.8%|
Notable Dividend: WTBA's dividend (4.81%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: WTBA's dividend (4.81%) is in the top 25% of dividend payers in the US market (4.7%)
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
Earnings Coverage: With its reasonably low payout ratio (32.2%), WTBA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Nelson (61 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
|Dave Nelson's Compensation vs West Bancorporation Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$1m||US$485k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$968k||US$462k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$973k||US$436k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$1m||US$436k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$967k||US$400k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$970k||US$400k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$937k||US$400k|
Compensation vs Market: Dave's total compensation ($USD1.03M) is below average for companies of similar size in the US market ($USD2.91M).
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 (9.5 years average tenure).
Experienced Board: WTBA's board of directors are considered experienced (9.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WTBA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|24 Aug 22||BuyUS$30,926||David Nelson||Individual||1,189||US$26.01|
|25 May 22||BuyUS$12,438||David Nelson||Individual||505||US$24.63|
|24 Feb 22||BuyUS$113,800||Bradley Peters||Individual||4,000||US$28.45|
|23 Feb 22||BuyUS$12,335||David Nelson||Individual||417||US$29.58|
|03 Dec 21||BuyUS$63,070||Patrick Donovan||Individual||2,000||US$31.94|
|01 Dec 21||BuyUS$95,330||Patrick Donovan||Individual||3,000||US$31.90|
|24 Nov 21||BuyUS$67,410||Patrick Donovan||Individual||2,000||US$33.93|
|24 Nov 21||BuyUS$11,758||David Nelson||Individual||349||US$33.69|
|22 Nov 21||BuyUS$99,070||Patrick Donovan||Individual||3,000||US$33.49|
|05 Nov 21||SellUS$112,694||Douglas Gulling||Individual||3,364||US$33.50|
|03 Nov 21||SellUS$214,851||Douglas Gulling||Individual||6,636||US$33.13|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
West Bancorporation, Inc.'s employee growth, exchange listings and data sources
- Name: West Bancorporation, Inc.
- Ticker: WTBA
- Exchange: NasdaqGS
- Founded: 1893
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$346.287m
- Shares outstanding: 16.64m
- Website: https://www.westbankstrong.com
Number of Employees
- West Bancorporation, Inc.
- 1601 22nd Street
- West Des Moines
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WTBA||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 1995|
|WB3||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 1995|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 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.