WTBA
West Bancorporation, Inc.
WTBA's fundamentals are strong: its operating margin rose 8 points to 49% and revenue grew 16%. At 13x earnings, it's trading in line with its usual 12x. Analysts expect earnings growth.
WTBA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
WTBA's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like WTBA.
WTBA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $19.63 | -35% |
| Forward | 11x | $30.20 | — |
| Fair | 12x | $27.64 | -8.5% |
| Expensive | 13x | $31.44 | +4.1% |
| Current | 13x | $30.20 | — |
Historical ranges are pointers, not guarantees.
WTBA's PE is in its expensive range at 13x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its fair range.
WTBA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for WTBA, with profitability improving.
WTBA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.75 | +17% |
| Q3 2026 | $2.36 | +25% |
| Q2 2026 | $2.24 | +33% |
| Q1 2026 | $2.07 | +35% |
| Q4 2025 | $1.92 | +35% |
| Q3 2025 | $1.89 | +48% |
| Q2 2025 | $1.69 | +32% |
| Q1 2025 | $1.53 | +16% |
| Q4 2024 | $1.42 | -1.4% |
WTBA earned $2.36 per share over the past year, up 25% from the year before.
WTBA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $29.1M | +16% |
| Q2 2026 | $28.1M | +18% |
| Q1 2026 | $26.9M | +17% |
| Q4 2025 | $23.3M | +12% |
| Q3 2025 | $25M | +23% |
| Q2 2025 | $23.8M | +22% |
| Q1 2025 | $23.1M | +21% |
| Q4 2024 | $20.9M | +14% |
WTBA's revenue has grown year over year for nine quarters in a row: $29M last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 52% | +6.2 points |
| Q2 2026 | 51% | +7.6 points |
| Q1 2026 | 50% | +6.6 points |
| Q4 2025 | 41% | +10 points |
| Q3 2025 | 46% | +9.3 points |
| Q2 2025 | 43% | +11 points |
| Q1 2025 | 43% | +5.8 points |
| Q4 2024 | 31% | +0.3 points |
WTBA's operating margin was 52% last quarter, up 6.2 points from the same quarter a year ago.
WTBA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $15.6M | +45% |
| Q2 2026 | $14.1M | +10% |
| Q1 2026 | $12.4M | +50% |
| Q4 2025 | $11.4M | +39% |
| Q3 2025 | $10.8M | +55% |
| Q2 2025 | $12.8M | +366% |
| Q1 2025 | $8.3M | +$12.5M |
| Q4 2024 | $8.2M | +$12.7M |
WTBA's free cash flow was $53M over the past year, up 34% from the year before. Free cash flow isn't a meaningful measure for financial services companies like WTBA.
WTBA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +105K shares |
| 1 year | +1.7% | +291K shares |
| 3 years | +3.2% | +538K shares |
| 5 years | +3% | +503K shares |
| Available history | +5% | +826K shares |
WTBA has 17M diluted shares, up 1.7% from a year ago.
WTBA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Healthy |
| Q2 2026 | 0.9x | Very low |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.6x | Healthy |
WTBA's net debt is about a year of its operating earnings (EBITDA), down from 1.2 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WTBA.
WTBA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.3 | Neutral |
| Stochastic | 67.4 | Neutral |
WTBA's weekly RSI is 62 (neutral) and its Stochastic is 67 (neutral).
WTBA PE vs Financial Services Sector
| Metric | WTBA | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 1.7% below |
| PE % | 75 | 63 | 12 pts above |
WTBA is trading at 13x earnings, in line with the Financial Services sector's median of 13x.
WTBA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.7 | 1.5% above |
| 20 week MA | $28.8 | 4.7% above |
| 50 week MA | $25.9 | 17% above |
| 100 week MA | $23.1 | 31% above |
| 200 week MA | $21.0 | 44% above |
WTBA is in an uptrend: it's above all five of its weekly moving averages, and 44% above its 200-week average.
WTBA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.5 | $19.4 | -24% |
| 2021 | $19.4 | $31.2 | +61% |
| 2022 | $31.2 | $25.1 | -19% |
| 2023 | $25.1 | $21.2 | -16% |
| 2024 | $21.2 | $21.8 | +2.8% |
| 2025 | $21.8 | $22.5 | +3.4% |
| 2026 YTD | $22.5 | $30.2 | +34% |
WTBA is up 34% so far in 2026, after finishing lower in three of the previous six years.