Recent exceptional positive changes in investment behavior have benefitted West Bancorporation Inc (NASDAQ: WTBA): its shorter term price trend turned up, its longer term price trend turned up, and the stock rose on very heavy volume.
Recent minimal positive changes in fundamentals have benefitted West Bancorporation Inc (NASDAQ: WTBA): the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to 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 B (Positive). 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 good Power Rating of 76, resulting in the Positive Value Trend Rating.
Recent Price Action
West Bancorporation Inc (NASDAQ: WTBA) stock increased 1.5% on 10/21/24. The shares closed at $20.49. Moreover, this advance was accompanied by exceptionally high trading volume at 208% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.7% during the last week.
Be the first to comment