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West Bancorporation, Inc. (WTBA) Stock Analysis

$26.96 -$0.08 (-0.30%) |Exceptional · 88
Signals are mixed — the Council read leans Bullish Lean (62/100) while the AI fundamental score is 88/100 (grade A+); the two lenses disagree, so weigh the breakdown below. Strongest signal: Momentum strong · Biggest watch-out: Ken Griffin bearish.
MCap: $459M| P/E Ratio: 12.0| Vol: 48.2K| Target: $25.75 (-4.5%)|
Data from FMP · Methodology

For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.

West Bancorporation, Inc. (WTBA) trades at $26.96 with AI Score 88/100 (Grade A+). West Bancorporation, Inc. is a financial holding company operating West Bank, providing community banking and trust services to individuals and businesses. Market cap: $459M, Sector: Financial services.

Price as of Jul 20, 2026 · Last analyzed: May 6, 2026
West Bancorporation, Inc. is a financial holding company operating West Bank, providing community banking and trust services to individuals and businesses. The company offers a range of deposit and loan products, along with internet and mobile banking services.

WTBA stock analysis for 2026: Analysts have set a consensus price target of $25.75 for West Bancorporation, Inc., suggesting 4.5% downside from the current price of $26.96. The AI MoonshotScore is 88/100, indicating a strong bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.

Watch the WTBA film Every key number, told as a short cinematic story — just press play. ~2 min
Council Score · Weighted Average of 3 Disciplines
Bullish Lean 62/100 · B+

WTBA: 2/3 scored disciplines lean bullish. Dominant signal: Ken Griffin bearish.

How is this calculated? →
MoonshotScore · Growth Potential · 88/100
Business Quality
Moderate Is this a genuinely good business?
Financial Safety
Weak Could this blow up on me?
Valuation
Strong Am I paying a fair price?
Growth Durability
Strong Is the growth real and likely to last?
Momentum
Strong Is the market already moving on this?
Legends Council · 5 Legends + Moon AI
Ray Dalio
Bullish
Ken Griffin
Bearish
Seth Klarman
Bearish
Moon AI
Neutral
Munger's Mindset · Balance Sheet & Valuation
Financial Health
Moderate
Margin of Safety
Undervalued
Council Score · Weighted Average of 3 Disciplines · See tabs for details →

Why this analysis is different

  • A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
  • An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
  • Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

West Bancorporation, Inc. (WTBA) Financial Services Profile

CEODavid D. Nelson
Employees180
HeadquartersWest Des Moines, IA, US
IPO Year1999

West Bancorporation, Inc., through West Bank, delivers community banking and trust solutions to individuals and small- to medium-sized businesses. With a focus on Iowa and Minnesota, the company provides deposit accounts, diverse loan products, and advanced digital banking, distinguishing itself through personalized service and regional expertise in a competitive banking landscape.

Data Provenance | Financial Data Quantitative Analysis NASDAQ Analysis: May 6, 2026

What Is the Investment Thesis for WTBA?

As of May 6, 2026 — figures reflect the data available on that date.

West Bancorporation, Inc. presents a compelling investment case based on its established presence in the Midwest, consistent profitability, and attractive dividend yield of 4.19%. The company's diversified loan portfolio and focus on community banking provide a stable foundation for growth. With a P/E ratio of 12.0, WTBA is trading at a reasonable valuation compared to its peers. Key value drivers include the expansion of its digital banking services, strategic branch locations in growing markets, and effective management of its net interest margin. Potential catalysts include favorable regulatory changes and increased economic activity in its operating regions. However, investors should be mindful of potential risks such as interest rate volatility and increased competition from larger regional and national banks.

Based on FMP financials and quantitative analysis

WTBA Key Highlights

  • Market capitalization of $459M, reflecting its position as a regional bank.
  • Profit margin of 17.7%, indicating efficient operations and profitability.
  • Gross margin of 49.4%, showcasing the effectiveness of its revenue generation.
  • Dividend yield of 4.19%, providing a steady income stream for investors.
  • Beta of 0.81, suggesting lower volatility compared to the overall market.

Who Are WTBA's Competitors?

WTBA is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

Company Price Change Market Cap AI Score
HBNC Horizon Bancorp, Inc. $20.21 -0.44% $1.04B 38
CASH Pathward Financial, Inc. $89.34 -0.47% $1.89B 93
FRME First Merchants Corporation $44.32 -0.61% $2.79B 82
RBB RBB Bancorp $26.75 -1.15% $453M 93
PDLB Ponce Financial Group, Inc. $20.02 -1.14% $484M 92
PCB PCB Bancorp $29.59 -0.74% $421M 93
OBT Orange County Bancorp, Inc. $37.39 -0.45% $501M 92
PKBK Parke Bancorp, Inc. $32.74 -1.03% $388M 93

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are WTBA's Key Strengths?

  • Strong local market presence in Iowa and Minnesota.
  • Diversified loan portfolio.
  • Experienced management team.
  • Solid capital base.

What Are WTBA's Weaknesses?

  • Limited geographic diversification.
  • Smaller scale compared to larger regional and national banks.
  • Dependence on interest rate environment.
  • Potential for increased competition from fintech companies.

What Could Drive WTBA Stock Higher?

  • Potential interest rate hikes by the Federal Reserve, which could increase net interest margins.
  • Continued expansion of digital banking services, attracting new customers and increasing transaction volumes.
  • Strategic branch expansion in high-growth markets, driving deposit and loan growth.
  • Increased focus on wealth management and trust services, generating higher fee income.

What Are the Key Risks for WTBA?

  • Financial-distress signal — its Altman Z-Score of -0.58 sits in the distress zone (elevated bankruptcy risk).
  • Economic downturn in Iowa and Minnesota, leading to increased loan defaults.
  • Increased competition from larger regional and national banks, eroding market share.
  • Regulatory changes and compliance costs, impacting profitability.
  • Interest rate volatility, affecting net interest margins.
  • Cybersecurity threats and data breaches, potentially damaging reputation and incurring costs.

What Are the Growth Opportunities for WTBA?

  • Expansion of Digital Banking Services: West Bancorporation can capitalize on the growing demand for digital banking by enhancing its online and mobile platforms. Investing in user-friendly interfaces, advanced security features, and personalized financial tools can attract and retain customers. The digital banking market is projected to reach $9 trillion by 2027, offering a substantial opportunity for WTBA to increase its market share by providing innovative digital solutions. Timeline: Ongoing.
  • Strategic Branch Expansion in High-Growth Markets: Identifying and establishing branches in rapidly growing communities within Iowa and Minnesota can drive deposit and loan growth. Focusing on areas with strong economic activity and demographic trends can provide a competitive advantage. The Midwest region is experiencing pockets of growth, particularly in suburban areas and emerging business hubs. Timeline: 2-3 years.
  • Enhancement of Treasury Management Services: Expanding its treasury management services for small- to medium-sized businesses can generate additional revenue streams and strengthen customer relationships. Offering advanced cash management tools, fraud protection services, and automated clearing house (ACH) solutions can attract businesses seeking efficient financial management. The treasury management services market is expected to grow at a rate of 5% annually. Timeline: Ongoing.
  • Increased Focus on Commercial Real Estate Lending: With careful risk management, West Bancorporation can increase its commercial real estate lending activities, capitalizing on the demand for commercial properties in its operating regions. Focusing on well-underwritten projects with strong cash flows can mitigate risk and generate attractive returns. The commercial real estate lending market is projected to reach $1.5 trillion by 2028. Timeline: 1-2 years.
  • Leveraging Trust Services for Wealth Management: Promoting its trust services to high-net-worth individuals and families can drive growth in its wealth management division. Offering personalized estate planning, investment management, and fiduciary services can attract clients seeking comprehensive wealth management solutions. The wealth management market is expected to grow at a rate of 7% annually, driven by an aging population and increasing wealth accumulation. Timeline: Ongoing.

What Opportunities Does WTBA Have?

  • Expansion of digital banking services.
  • Strategic branch expansion in high-growth markets.
  • Increased focus on wealth management and trust services.
  • Leveraging technology to improve efficiency and customer experience.

What Threats Does WTBA Face?

  • Interest rate volatility.
  • Increased competition from larger banks and credit unions.
  • Regulatory changes and compliance costs.
  • Economic downturn in its operating regions.

What Are WTBA's Competitive Advantages?

  • Strong local presence and established relationships in Iowa and Minnesota.
  • Personalized customer service and community banking focus.
  • Diversified loan portfolio and risk management practices.
  • Comprehensive suite of banking and trust services.

What Does WTBA Do?

West Bancorporation, Inc., established in 1893 and headquartered in West Des Moines, Iowa, functions as the financial holding company for West Bank. The bank provides a comprehensive suite of community banking and trust services tailored to individuals and small- to medium-sized businesses. Its history is rooted in serving the financial needs of the communities within Iowa and Minnesota, fostering long-term relationships through personalized service and local expertise. West Bank offers a variety of deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit. Its loan portfolio encompasses commercial real estate loans, construction and land development loans, commercial lines of credit, commercial term loans, consumer loans, and 1-4 family residential mortgages and home equity loans. Beyond traditional banking, West Bancorporation provides trust services, such as the administration of estates, conservatorships, personal trusts, and agency accounts. The company has adapted to evolving customer needs by offering internet and mobile banking services, treasury management solutions, merchant credit card processing services, and corporate credit cards. West Bancorporation operates through a network of offices, including seven in the Des Moines area, one in Coralville, Iowa, and single locations in Rochester, Owatonna, Mankato, and St. Cloud, Minnesota.

What Products and Services Does WTBA Offer?

  • Provides checking, savings, and money market accounts to individuals and businesses.
  • Offers commercial real estate loans, construction loans, and commercial lines of credit.
  • Provides consumer loans and residential mortgages.
  • Administers estates, conservatorships, and personal trusts.
  • Offers internet and mobile banking services.
  • Provides treasury management services, including cash management and fraud protection.
  • Offers merchant credit card processing services and corporate credit cards.

How Does WTBA Make Money?

  • Generates revenue through interest income from loans.
  • Earns fees from deposit accounts and other banking services.
  • Derives income from trust and wealth management services.
  • Profits from merchant credit card processing fees.

What Industry Does WTBA Operate In?

West Bancorporation operates within the regional banking sector, which is characterized by increasing consolidation and technological disruption. The industry is influenced by interest rate fluctuations, regulatory changes, and economic conditions. Regional banks like West Bancorporation face competition from larger national banks, credit unions, and fintech companies. The trend towards digital banking and mobile payments is reshaping customer expectations and requiring banks to invest in technology. The regional banking sector is expected to grow moderately, driven by economic expansion in specific geographic areas and increased demand for loans and financial services from small- to medium-sized businesses.

Who Are WTBA's Key Customers?

  • Individuals seeking personal banking services.
  • Small- to medium-sized businesses requiring commercial loans and banking solutions.
  • High-net-worth individuals and families seeking trust and wealth management services.
  • Commercial real estate developers and investors.
AI Confidence: 83% Updated: May 6, 2026

Company Profile

West Bancorporation, Inc. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in West Des Moines, US. The company is led by CEO David D. Nelson. WTBA has traded publicly since 1999.

F-Score 6/9Financial Health

West Bancorporation, Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -0.58 places it in the distress zone, a signal of elevated financial risk.

ROE 14%Key Financial Metrics

Return on equity for West Bancorporation, Inc. stands at 13.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.9%, showing how much profit it generates from its asset base. WTBA trades at a trailing price-to-earnings ratio of 12.01, below the Financial Services sector average of ~18x. Its free cash flow yield is 10.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.15 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 7.5%, the inverse of the P/E and a quick read on earnings relative to price.

WTBA Valuation & Market Position

With a $459M market cap, West Bancorporation, Inc. sits in the small-cap segment of the market. Relative to its peer group, WTBA's quantitative score of 88/100 is roughly in line with the peer average of 80/100.

FY2026 estForward Outlook

Wall Street analysts project West Bancorporation, Inc. revenue of about $114.8M for fiscal 2026, with EPS near $2.59.

WTBA Financials

Fundamental Snapshot

Revenue Growth (FY)
+0.3%
Net Income Growth (FY)
+35.4%
EPS Growth (FY)
+34.3%
Free Cash Flow Growth (FY)
+215.6%
P/E (TTM)
13.3
Return on Equity (TTM)
+13.7%
Current Ratio
0.2
EV/EBITDA (TTM)
11.9

Based on FMP financials and quantitative analysis · FY 2025

Bull Case vs Bear Case

Bull Case

  • Recent insider buying suggests confidence in the company's future performance, which often indicates a positive outlook.
  • Community sentiment has shifted positively, with many traders expressing optimism about West Bancorporation's growth potential.
  • Recent developments in the banking sector, including favorable regulatory changes, have created a more supportive environment for regional banks.
  • Increased engagement in social trading forums highlights a growing interest in West Bancorporation, reflecting a bullish sentiment among retail investors.

Bear Case

  • Concerns over economic conditions, particularly inflation and interest rate hikes, have led some investors to question the stability of banking stocks.
  • Negative sentiment has emerged from discussions about potential credit risks, particularly in the commercial real estate sector.
  • Some community members express skepticism about the bank's ability to maintain growth amidst a competitive landscape.
  • Recent earnings reports have shown mixed results, leading to uncertainty about the company's performance in the near term.

AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026

WTBA Latest News

WTBA Analyst Consensus

Consensus Rating

Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for WTBA.

Price Targets

Consensus target: $25.75

WTBA MoonshotScore

88/100

What does this score mean?

The MoonshotScore rates WTBA 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.

Leadership: David D. Nelson

President and Chief Executive Officer

David D. Nelson serves as the President and Chief Executive Officer of West Bancorporation, Inc. He has extensive experience in the banking industry, with a career spanning over 30 years. Prior to joining West Bancorporation, Nelson held various leadership positions at other financial institutions. He is actively involved in community organizations and serves on several boards. Nelson's expertise includes strategic planning, risk management, and financial performance optimization.

Track Record: Under David Nelson's leadership, West Bancorporation has maintained a strong financial performance and expanded its market presence. He has overseen the implementation of key strategic initiatives, including the enhancement of digital banking services and the expansion of its commercial lending activities. Nelson has also focused on fostering a culture of customer service and community engagement. The company has consistently delivered solid returns to shareholders during his tenure.

WTBA Financial Services Stock FAQ

What does the AI Score mean for WTBA?

WTBA holds an AI Score of 88/100 (Grade: A+). This is an educational research signal, not a buy or sell recommendation. West Bancorporation, Inc. is a financial holding company operating West Bank, providing community banking and trust services to individuals and businesses. The company offers a range of deposit …

What does West Bancorporation, Inc. do?

West Bancorporation, Inc., through its subsidiary West Bank, provides a range of community banking and trust services to individuals and small- to medium-sized businesses. The company offers deposit products like checking, savings, and money market accounts, as well as loan products including commercial real estate, construction, and consumer loans.

What do analysts say about WTBA stock?

Analyst coverage of West Bancorporation, Inc. (WTBA) typically focuses on its financial performance, asset quality, and growth prospects within the regional banking sector. Key valuation metrics such as the price-to-earnings ratio (P/E) of 11.52 and dividend yield of 4.19% are often highlighted.

What are the main risks for WTBA?

West Bancorporation faces several risks inherent to the banking industry and its specific operating environment. Interest rate volatility can impact its net interest margin, affecting profitability. Economic downturns in Iowa and Minnesota could lead to increased loan defaults and reduced demand for banking services.

How sensitive is WTBA to interest rate changes?

West Bancorporation, Inc.'s profitability is sensitive to changes in interest rates. As a financial institution, a significant portion of its revenue comes from the net interest margin, which is the difference between the interest income earned on loans and the interest expense paid on deposits.

What is West Bancorporation, Inc.'s credit quality and risk management approach?

West Bancorporation, Inc. maintains a focus on credit quality and employs a comprehensive risk management approach to mitigate potential losses. The company's loan portfolio is diversified across various sectors, including commercial real estate, construction, and consumer loans. WTBA utilizes underwriting standards and credit monitoring processes to assess and manage credit risk.

What are the key factors to evaluate for WTBA?

West Bancorporation, Inc. (WTBA) holds an AI score of 88/100 (high). P/E: 12.0x vs the S&P 500's ~20-25x. Analysts target $25.75 (-4%). Not financial advice.

How frequently does WTBA data refresh on this page?

WTBA's price was last updated on Jul 20, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.

What has driven WTBA's recent stock price performance?

West Bancorporation, Inc. (WTBA) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong local market presence in Iowa and Minnesota. See the News tab for the latest drivers. Past performance does not predict future results.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources

Price as of Analysis updated AI Score refreshed daily
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

Analysis Notes
  • Information is based on publicly available sources and may be subject to change.
  • Financial data is as of the latest available reporting period.
Data Sources

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