Extremely significant positive changes in West Bancorporation Inc (NASDAQ: WTBA) investment behavior have recently occurred: positive upside/downside volume developed, its longer term price trend turned up, and the stock rose on very heavy volume.
Recent small positive changes in fundamentals have benefitted West Bancorporation Inc (NASDAQ: WTBA): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
WTBA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
West Bancorporation has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. West Bancorporation has a neutral Appreciation Score of 44 and a slightly positive Power Rating of 60, resulting in the Neutral Value Trend Rating.
Recent Price Action
West Bancorporation Inc (NASDAQ: WTBA) stock closed at $21.31 on 12/20/23 after a slight gain of 0.05%. Moreover, trading volume in this advance was exceptionally high at 260% of normal. The stock has risen 12.8% during the last week and has been strong relative to the market over the last nine months.
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