WEST BANCORPORATION (WTBA) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:WTBA • US95123P1066

25.81 USD
-0.08 (-0.31%)
At close: Feb 5, 2026
25.81 USD
0 (0%)
After Hours: 2/5/2026, 8:02:53 PM
Fundamental Rating

4

Overall WTBA gets a fundamental rating of 4 out of 10. We evaluated WTBA against 383 industry peers in the Banks industry. There are concerns on the financial health of WTBA while its profitability can be described as average. WTBA is not valued too expensively and it also shows a decent growth rate. WTBA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year WTBA was profitable.
  • In the past year WTBA had a positive cash flow from operations.
  • WTBA had positive earnings in each of the past 5 years.
  • Of the past 5 years WTBA 4 years had a positive operating cash flow.
WTBA Yearly Net Income VS EBIT VS OCF VS FCFWTBA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M 40M

1.2 Ratios

  • The Return On Assets of WTBA (0.81%) is comparable to the rest of the industry.
  • WTBA's Return On Equity of 12.63% is amongst the best of the industry. WTBA outperforms 84.86% of its industry peers.
Industry RankSector Rank
ROA 0.81%
ROE 12.63%
ROIC N/A
ROA(3y)0.67%
ROA(5y)0.94%
ROE(3y)11.17%
ROE(5y)14.91%
ROIC(3y)N/A
ROIC(5y)N/A
WTBA Yearly ROA, ROE, ROICWTBA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • WTBA's Profit Margin of 34.74% is amongst the best of the industry. WTBA outperforms 90.34% of its industry peers.
  • In the last couple of years the Profit Margin of WTBA has remained more or less at the same level.
  • The Operating Margin and Gross Margin are not available for WTBA so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 34.74%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-9.11%
PM growth 5Y-0.69%
GM growth 3YN/A
GM growth 5YN/A
WTBA Yearly Profit, Operating, Gross MarginsWTBA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • WTBA does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for WTBA has been increased compared to 1 year ago.
  • WTBA has more shares outstanding than it did 5 years ago.
  • WTBA has a better debt/assets ratio than last year.
WTBA Yearly Shares OutstandingWTBA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
WTBA Yearly Total Debt VS Total AssetsWTBA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • The Debt to FCF ratio of WTBA is 2.92, which is a good value as it means it would take WTBA, 2.92 years of fcf income to pay off all of its debts.
  • WTBA has a Debt to FCF ratio of 2.92. This is in the lower half of the industry: WTBA underperforms 61.88% of its industry peers.
  • WTBA has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of WTBA (0.47) is worse than 74.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 2.92
Altman-Z N/A
ROIC/WACCN/A
WACC15.67%
WTBA Yearly LT Debt VS Equity VS FCFWTBA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M 200M 250M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
WTBA Yearly Current Assets VS Current LiabilitesWTBA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • WTBA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 27.33%, which is quite impressive.
  • Measured over the past years, WTBA shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.72% on average per year.
  • Looking at the last year, WTBA shows a quite strong growth in Revenue. The Revenue has grown by 19.36% in the last year.
  • The Revenue has been growing slightly by 0.61% on average over the past years.
EPS 1Y (TTM)27.33%
EPS 3Y-11.44%
EPS 5Y-0.72%
EPS Q2Q%-12.24%
Revenue 1Y (TTM)19.36%
Revenue growth 3Y-2.23%
Revenue growth 5Y0.61%
Sales Q2Q%1.8%

3.2 Future

  • WTBA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.41% yearly.
  • The Revenue is expected to grow by 12.97% on average over the next years. This is quite good.
EPS Next Y36.39%
EPS Next 2Y23.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year16.9%
Revenue Next 2Y12.97%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
WTBA Yearly Revenue VS EstimatesWTBA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
WTBA Yearly EPS VS EstimatesWTBA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 13.51, WTBA is valued correctly.
  • WTBA's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of WTBA to the average of the S&P500 Index (27.67), we can say WTBA is valued rather cheaply.
  • A Price/Forward Earnings ratio of 9.91 indicates a reasonable valuation of WTBA.
  • 72.32% of the companies in the same industry are more expensive than WTBA, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of WTBA to the average of the S&P500 Index (27.20), we can say WTBA is valued rather cheaply.
Industry RankSector Rank
PE 13.51
Fwd PE 9.91
WTBA Price Earnings VS Forward Price EarningsWTBA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, WTBA is valued a bit cheaper than the industry average as 67.36% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.72
EV/EBITDA N/A
WTBA Per share dataWTBA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • WTBA's earnings are expected to grow with 23.41% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y23.41%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.51%, WTBA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.71, WTBA pays a better dividend. On top of this WTBA pays more dividend than 89.82% of the companies listed in the same industry.
  • WTBA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.51%

5.2 History

  • The dividend of WTBA has a limited annual growth rate of 3.82%.
  • WTBA has been paying a dividend for at least 10 years, so it has a reliable track record.
  • WTBA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.82%
Div Incr Years0
Div Non Decr Years13
WTBA Yearly Dividends per shareWTBA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 51.74% of the earnings are spent on dividend by WTBA. This is a bit on the high side, but may be sustainable.
  • The dividend of WTBA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP51.74%
EPS Next 2Y23.41%
EPS Next 3YN/A
WTBA Yearly Income VS Free CF VS DividendWTBA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M 40M
WTBA Dividend Payout.WTBA Dividend Payout, showing the Payout Ratio.WTBA Dividend Payout.PayoutRetained Earnings

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WEST BANCORPORATION

NASDAQ:WTBA (2/5/2026, 8:02:53 PM)

After market: 25.81 0 (0%)

25.81

-0.08 (-0.31%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners45.82%
Inst Owner Change0.01%
Ins Owners4.07%
Ins Owner Change-2.21%
Market Cap437.22M
Revenue(TTM)95.25M
Net Income(TTM)32.23M
Analysts43.33
Price Target26.52 (2.75%)
Short Float %2.71%
Short Ratio11.98
Dividend
Industry RankSector Rank
Dividend Yield 4.51%
Yearly Dividend1
Dividend Growth(5Y)3.82%
DP51.74%
Div Incr Years0
Div Non Decr Years13
Ex-Date02-11
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.06%
Min EPS beat(2)2.17%
Max EPS beat(2)15.96%
EPS beat(4)4
Avg EPS beat(4)14.23%
Min EPS beat(4)2.17%
Max EPS beat(4)20.1%
EPS beat(8)6
Avg EPS beat(8)10.17%
EPS beat(12)9
Avg EPS beat(12)8%
EPS beat(16)12
Avg EPS beat(16)6.7%
Revenue beat(2)1
Avg Revenue beat(2)0.35%
Min Revenue beat(2)-0.59%
Max Revenue beat(2)1.3%
Revenue beat(4)2
Avg Revenue beat(4)0.24%
Min Revenue beat(4)-4.56%
Max Revenue beat(4)4.79%
Revenue beat(8)2
Avg Revenue beat(8)-0.75%
Revenue beat(12)2
Avg Revenue beat(12)-2.02%
Revenue beat(16)2
Avg Revenue beat(16)-1.96%
PT rev (1m)0%
PT rev (3m)4.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12.7%
EPS NY rev (1m)0%
EPS NY rev (3m)7.58%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.53%
Revenue NY rev (1m)2.28%
Revenue NY rev (3m)2.28%
Valuation
Industry RankSector Rank
PE 13.51
Fwd PE 9.91
P/S 4.71
P/FCF 10.72
P/OCF 9.57
P/B 1.71
P/tB 1.71
EV/EBITDA N/A
EPS(TTM)1.91
EY7.4%
EPS(NY)2.61
Fwd EY10.09%
FCF(TTM)2.41
FCFY9.33%
OCF(TTM)2.7
OCFY10.45%
SpS5.48
BVpS15.06
TBVpS15.06
PEG (NY)0.37
PEG (5Y)N/A
Graham Number25.44
Profitability
Industry RankSector Rank
ROA 0.81%
ROE 12.63%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 34.74%
GM N/A
FCFM 43.95%
ROA(3y)0.67%
ROA(5y)0.94%
ROE(3y)11.17%
ROE(5y)14.91%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-9.11%
PM growth 5Y-0.69%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 2.92
Debt/EBITDA N/A
Cap/Depr 108.23%
Cap/Sales 5.29%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 126.51%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC15.67%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)27.33%
EPS 3Y-11.44%
EPS 5Y-0.72%
EPS Q2Q%-12.24%
EPS Next Y36.39%
EPS Next 2Y23.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.36%
Revenue growth 3Y-2.23%
Revenue growth 5Y0.61%
Sales Q2Q%1.8%
Revenue Next Year16.9%
Revenue Next 2Y12.97%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y7712.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y26.17%
OCF growth 3YN/A
OCF growth 5YN/A

WEST BANCORPORATION / WTBA FAQ

Can you provide the ChartMill fundamental rating for WEST BANCORPORATION?

ChartMill assigns a fundamental rating of 4 / 10 to WTBA.


What is the valuation status for WTBA stock?

ChartMill assigns a valuation rating of 6 / 10 to WEST BANCORPORATION (WTBA). This can be considered as Fairly Valued.


Can you provide the profitability details for WEST BANCORPORATION?

WEST BANCORPORATION (WTBA) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for WTBA stock?

The Price/Earnings (PE) ratio for WEST BANCORPORATION (WTBA) is 13.51 and the Price/Book (PB) ratio is 1.71.


Is the dividend of WEST BANCORPORATION sustainable?

The dividend rating of WEST BANCORPORATION (WTBA) is 8 / 10 and the dividend payout ratio is 51.74%.