West Bancorporation

WTBA · NASDAQ

$29.42+$0.45 (+1.55%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $28.97

WTBA analyst rating

HoldConsensus of 1 analyst over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold1
Underperform0
Sell0

12-month price target · 4 analysts

Average $28.31 (−3.8% downside)

Low: $25.75
Now: $29.42
High: $31.50

Upgrades and downgrades

The latest rating actions, newest first

WTBA analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Jul 27, 2026	Maintains	Neutral	$27.00 → $30.00	72%
Piper Sandler	Jun 26, 2026	Maintains	Neutral	$26.00 → $27.00	72%
Piper Sandler	Oct 27, 2025	Maintains	Neutral	$20.50 → $24.00	72%

The case for and against

Updated Jan 12, 2026

Bull case

West Bancorp has demonstrated a robust financial performance with a notable 7% quarter-over-quarter increase in pre-tax net income, signaling strong operational momentum. The bank's net interest income (NII) is projected to increase by 7% in the fourth quarter of 2025 and by 15% year-over-year, supported by sustained loan growth in multiple segments, particularly in commercial real estate and commercial and industrial loans. Furthermore, effective cost controls are anticipated to contribute to significant projected increases in pre-provision net revenue (PPNR) of 43% and 18% for 2025 and 2026, respectively, underlining the bank's positive financial trajectory.

Bear case

West Bancorp has demonstrated a negative trend in its lending portfolio, with end-of-period loans held for investment (HFI) declining by 2% quarter-over-quarter, contrary to expectations of growth. Additionally, the absence of loan loss provisions (LLP) in the third quarter, coupled with a slight decrease in the allowance for credit losses (ACL) to 1.01% of loans, raises concerns about the bank's ability to manage credit risks effectively. Furthermore, a downturn in commercial real estate (CRE) loans by $33 million and a decrease in commercial and industrial (C&I) loans by $30 million signify potential weaknesses in customer demand and overall loan growth, contributing to a low-to-modest growth outlook for the institution.

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