West Bancorporation Inc
West Bancorporation Inc (WTBA) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in West Des Moines, United States. The company is worth $516.43M and trades at 13.5x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $95.25M in fiscal 2025, up 19.4% from the year before. Net income was $32.56M. The share price is within 3% of its 52-week high. It pays a dividend yielding 3.43%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $4.56M. In that quarter, 2 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -5.9% over 5Y.
today you would have $1,162.80▲ +16.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $22.19 | $21.65 | $21.20 | $25.55 | $31.07 | $19.30 | $25.63 | $19.09 | $25.15 | $24.70 | $19.75 | $17.02 | $15.82 | $10.78 | $9.58 | $7.79 | $4.93 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 3.4% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 13.3 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 2.5% a year against a 7.5% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CSHRCoinShares PLC | $3.88 | 4.3x | 1.1x | 13.66% | 2.95% | $511.31M |
| BSRRSierra Bancorp | $40.41 | 11.7x | 1.4x | 2.67% | 12.46% | $523.85M |
| NRIMNorthrim Bancorp Inc | $23.55 | 9.5x | 1.5x | 2.76% | 16.63% | $523.86M |
| ACICAMERICAN COASTAL INSURANCE Corp | $11.10 |
| 13.3x |
| 11.6x |
| 15.2x |
| 14.7x |
| 9.3x |
| 10.5x |
| 9.7x |
| 14.7x |
| 11.0x |
| 17.8x |
| 17.4x |
| 14.6x |
| 13.6x |
| 15.5x |
| 11.7x |
| 12.9x |
| 12.2x |
| — |
| P/S | 4.5x | 3.9x | 4.6x | 4.5x | 4.2x | 4.9x | 3.4x | 5.6x | 4.5x | 5.9x | 6.1x | 5.1x | 4.6x | 4.7x | 3.6x | 3.3x | 2.6x | — |
| P/B | 1.8x | 1.4x | 1.6x | 1.6x | 2.0x | 2.0x | 1.4x | 2.0x | 1.6x | 2.3x | 2.4x | 2.1x | 1.9x | 2.0x | 1.4x | 1.4x | 0.9x | — |
| EPS | $1.92 | $1.42 | $1.44 | $2.76 | $2.95 | $1.98 | $1.74 | $1.74 | $1.41 | $1.42 | $1.35 | $1.25 | $1.02 | $0.92 | $0.74 | $0.64 | -$0.97 |
| Dividend yield | 3.14% | 4.51% | 4.62% | 4.72% | 3.91% | 3.03% | 4.35% | 3.24% | 4.09% | 2.82% | 2.71% | 3.14% | 2.88% | 2.65% | 3.34% | 1.77% | 0.64% | 1.83% |
| Payout | 43.63% | 52.08% | 70.42% | 69.44% | 36.23% | 31.86% | 42.42% | 47.70% | 44.83% | 50.35% | 47.18% | 45.93% | 39.20% | 41.18% | 39.13% | 22.97% | 7.81% | — |
| Profit margin | 33.71% | 34.19% | 30.14% | 30.52% | 45.51% | 47.34% | 35.39% | 38.38% | 40.84% | 33.58% | 35.35% | 34.87% | 33.71% | 31.18% | 30.75% | 30.08% | 25.49% | -28.82% |
| ROE | 13.54% | 12.24% | 10.55% | 10.73% | 21.98% | 19.06% | 14.62% | 13.54% | 14.92% | 12.95% | 13.92% | 14.27% | 14.30% | 13.66% | 11.90% | 12.37% | 9.20% | -10.99% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+25.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 5.5x |
| 1.5x |
| 6.76% |
| 31.65% |
| $524.69M |
| AEXAAmerican Exceptionalism Acquisition Corp. A | $10.64 | — | — | 0.00% | — | $526.26M |
| NWAXNew America Acquisition I Corp. | $10.05 | — | 1674.2x | 0.00% | — | $500.24M |