On 11/6/24, West Bancorporation Inc (NASDAQ: WTBA) stock enjoyed a major increase of 11.2%, closing at $24.35. Moreover, trading volume in this advance was exceptionally high at 460% of normal. Relative to the market the stock has been strong over the last nine months and has risen 8.7% during the last week.
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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. West Bancorporation has a slightly positive Appreciation Score of 61 and a good Power Rating of 84, and the Positive Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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