West Bancorporation Inc (NASDAQ: WTBA) has recently enjoyed extremely important positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and the stock rose on very heavy volume.
West Bancorporation Inc (NASDAQ: WTBA). Small positive changes in fundamentals have recently occurred: 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 is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
West Bancorporation has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. West Bancorporation has a slightly positive Appreciation Score of 62 and a neutral Power Rating of 47, producing the Neutral Value Trend Rating.
Recent Price Action
On 6/28/24, West Bancorporation Inc (NASDAQ: WTBA) stock enjoyed a large increase of 2.7%, closing at $17.90. Moreover, exceptionally high trading volume at 640% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 5.9% during the last week.
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