West Competitors

WTBA Stock

USD 22.99 -0.35 -1.50%

The company is classified under the Banks sector. West Bancorporation competes with Greene County, US Century, Southern First, Carter Bank, and Community West and other related companies. Peer context helps frame relative positioning. Peer comparison for West Bancorporation provides quick context before deeper valuation work.

West Bancorporation vs MVB Financial Correlation Snapshot

Poor diversification

The correlation between WTBA and MVBF is 0.6, which Macroaxis classifies as Poor diversification for the selected horizon. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.

Moving together with West Stock

0.81	FBNC	First Bancorp	Pair Corr
0.83	MTB	MT Bank	Pair Corr
0.61	TFC	Truist Financial Corp	Pair Corr

Moving against West Stock

0.31

BKLRF

Berkeley Energy

Pair Corr

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Mean reversion is the tendency of West Bancorporation's price to return to its historical average after periods of extreme deviation. Investors who identify when West Bancorporation's is significantly above or below its mean may find compelling entry or exit opportunities.

Hype

Prediction

Low	Estimated	High
21.36	23.29	25.22

Details

Intrinsic

Valuation

Low	Real	High
20.96	25.95	27.88

Details

Naive

Forecast

Low	Next	High
21.66	23.58	25.51

Details

1 Analysts

Consensus

Low	Target	High
23.66	26.00	28.86

Details

Analyzing West Bancorporation in isolation is insufficient for informed investment decisions. Placing West Bancorporation's results in the context of its peer group reveals whether its performance is company-specific or simply a function of industry-wide trends.

West Bancorporation Competition Correlation Matrix

Correlation analysis between West Bancorporation and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.

	GCBC	USCB	SFST	CARE	CWBC	FRBA	BWFG	BSRR	BSVN	MVBF
GCBC		0.4	0.4	0.35	0.62	0.62	0.83	0.32	0.59	0.63	GCBC
USCB	0.4		0.74	0.68	0.63	0.71	0.71	0.76	0.67	0.65	USCB
SFST	0.4	0.74		0.87	0.83	0.44	0.65	0.93	0.57	0.73	SFST
CARE	0.35	0.68	0.87		0.82	0.34	0.59	0.96	0.52	0.62	CARE
CWBC	0.62	0.63	0.83	0.82		0.46	0.78	0.82	0.71	0.86	CWBC
FRBA	0.62	0.71	0.44	0.34	0.46		0.71	0.36	0.76	0.62	FRBA
BWFG	0.83	0.71	0.65	0.59	0.78	0.71		0.58	0.73	0.81	BWFG
BSRR	0.32	0.76	0.93	0.96	0.82	0.36	0.58		0.54	0.66	BSRR
BSVN	0.59	0.67	0.57	0.52	0.71	0.76	0.73	0.54		0.85	BSVN
MVBF	0.63	0.65	0.73	0.62	0.86	0.62	0.81	0.66	0.85		MVBF
	GCBC	USCB	SFST	CARE	CWBC	FRBA	BWFG	BSRR	BSVN	MVBF

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Risk-Adjusted Indicators

There is a big difference between West Stock performing well and West Bancorporation Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze West Bancorporation's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCBC	1.54	-0.01	0.00	-0.06	0.00	0.00	3.95	-2.93	9.85
USCB	1.46	0.06	0.03	0.01	1.90	-1.63	3.61	-3.30	11.42
SFST	1.45	0.09	0.03	0.03	2.25	-1.58	3.36	-2.38	13.26
CARE	1.03	0.12	0.09	0.10	1.25	-1.16	2.81	-2.29	8.24
CWBC	1.04	0.01	0.00	-0.04	0.00	0.00	2.32	-1.97	8.14
FRBA	1.24	0.00	0.00	-0.05	0.00	0.00	2.82	-2.81	8.58
BWFG	1.28	0.04	0.02	0.00	1.98	-1.12	2.53	-3.55	8.29
BSRR	1.36	0.11	0.06	0.05	1.58	-1.57	4.03	-2.59	9.15
BSVN	1.16	-0.05	0.00	-0.12	0.00	0.00	2.39	-2.81	8.25
MVBF	1.47	-0.04	0.00	-0.08	0.00	0.00	3.42	-3.38	10.83

Peer Comparison: Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in West Bancorporation financial statement analysis. It represents the amount of money remaining after all of West Bancorporation operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Compare West Bancorporation and related stocks such as Greene County Bancorp, US Century Bank, and Southern First Bancshares Net Income Over Time

Select Fundamental

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
GCBC	1.1 M	5.8 M	6.4 M	6.5 M	7.2 M	9 M	11.2 M	14.4 M	17.5 M	18.7 M	23.9 M	28 M	30.8 M	24.8 M	31.1 M	35.8 M	37.6 M
USCB	10.4 M	10.4 M	10.4 M	10.4 M	10.4 M	10.4 M	10.4 M	10.4 M	10.4 M	10.4 M	10.8 M	5.7 M	20.1 M	16.5 M	24.7 M	26.1 M	18 M
SFST	-520 K	2.1 M	3.9 M	5.1 M	6.6 M	10.2 M	13 M	13 M	22.3 M	27.9 M	18.3 M	46.7 M	29.1 M	13.4 M	15.5 M	30.4 M	31.9 M
CARE	1.9 M	30.1 M	30.3 M	26.1 M	33.5 M	39.2 M	16 M	-681 K	11.9 M	26.6 M	-45.9 M	31.6 M	50.1 M	23.4 M	24.5 M	31.4 M	21.6 M
CWBC	1.1 M	6.5 M	7.5 M	8.2 M	5.3 M	11 M	15.2 M	14 M	21.3 M	21.4 M	20.3 M	28.4 M	26.6 M	25.5 M	7.7 M	38.2 M	40.1 M
FRBA	2.1 M	2.1 M	2.6 M	1.7 M	5.8 M	3.9 M	6.4 M	7 M	17.6 M	13.4 M	19.4 M	35.4 M	36.3 M	20.9 M	42.2 M	43.7 M	45.8 M
BWFG	-870 K	2.2 M	1.2 M	5.2 M	4.6 M	9 M	12.3 M	13.8 M	17.4 M	18.2 M	5.9 M	26.6 M	37.4 M	36.7 M	9.8 M	35.2 M	37 M
BSRR	5.2 M	7.8 M	8.2 M	13.4 M	15.2 M	18.1 M	17.6 M	19.5 M	29.7 M	36 M	35.4 M	43 M	33.7 M	34.8 M	40.6 M	42.3 M	44.4 M
BSVN	13.8 M	13.8 M	13.8 M	13.8 M	13.8 M	13.8 M	16.8 M	23.8 M	25 M	8.2 M	19.3 M	23.2 M	29.6 M	28.3 M	45.7 M	43.1 M	27.7 M
MVBF	781 K	2.7 M	4.2 M	4 M	2.1 M	6.8 M	12.9 M	7.6 M	12 M	27 M	37.4 M	39.1 M	15 M	31.2 M	20.1 M	26.9 M	28.3 M

West Bancorporation Competitive Analysis

Sizing up West Bancorporation against Greene County, US Century, and Southern First reveals meaningful differences in scale and efficiency. At a 395.4 M valuation, West Bancorporation brings in 198.5 M on the top line. The company converts revenue to profit at a 34.19% rate and delivers 13.19% on shareholder equity. Valuation multiples differ: Greene County at 29.60x P/E versus West Bancorporation at 10.72x, suggesting different growth expectations. Top-line revenue favors West Bancorporation by a wide margin: 198.5 M to 152.1 M. Return on equity favors West Bancorporation at 13.19%, well ahead of Southern First at 8.69%.

Better Than Average

Worse Than Peers

View Performance Chart

	WTBA	GCBC	USCB	SFST	CARE	CWBC	FRBA	BWFG	BSRR	BSVN
	1.50 22.99 West	0.54 21.90 Greene	0.11 18.14 USCB	2.16 51.73 Southern	0.55 19.96 Carter	0.22 22.54 Community	0.40 15.10 First	0.34 46.77 Bankwell	0.30 32.97 Sierra	0.13 39.38 Bank7
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Weak	Weak	Weak	Weak	Weak	Weak	Weak	Weak	Weak	Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Tiny	Tiny	Low	Tiny	Low	Tiny	Low	Tiny	Tiny	Moderate
Current Valuation (Equity Enterprise Value)	Under Valued	Fairly Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued
Buy or Sell Analysis (Average Analysts Consensus)	Hold	Strong Sell	Buy	Buy	Strong Buy	Buy	Strong Buy	Buy	Buy	Buy
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Strong Hold	Strong Hold	Strong Hold	Strong Hold	Hold	Hold	Cautious Hold	Buy	Strong Hold
Net Asset	4.14 B	3.04 B	2.8 B	4.4 B	4.85 B	3.69 B	3.96 B	3.36 B	3.83 B	1.96 B
Profit Margin	0.34	0.44	0.3	0.26	0.2	0.27	0.32	0.33	0.28	0.45
EBITDA	41.42 M	35.73 M	36.37 M	44.34 M	40 M	52.53 M	57.3 M	48.49 M	56.4 M	56.77 M
Operating Margin	0.43	0.52	0.21	0.44	0.3	0.42	0.45	0.5	0.43	0.6
Current Valuation	302.99 M	275.01 M	490.27 M	452.98 M	529.01 M	456.44 M	344.84 M	326.97 M	854.48 M	118.02 M
Price To Book	1.48	1.46	1.58	1.17	1.06	1.06	0.87	1.23	1.19	1.49
Retained Earnings	294.26 M	241.4 M	-67.81 M	251.44 M	364.97 M	238.99 M	214.46 M	181.59 M	280 M	149.71 M
Five Year Return	3.66	1.44	N/A	N/A	3.04	1.98	1.11	2.03	3.11	N/A
Beta	0.82	0.4	0.59	0.75	0.52	0.91	0.67	0.65	0.75	0.96
Number Of Employees	180	190	204	315	687	338	334	167	436	124
Shares Outstanding	16.94 M	17.03 M	18.14 M	8.23 M	22.08 M	19.16 M	24.8 M	7.9 M	13.19 M	9.46 M
Cash Flow From Operations	46.48 M	27.98 M	34.09 M	30.46 M	39.86 M	46.12 M	27.63 M	27.27 M	33.7 M	55.05 M
Annual Yield	0.0431	0.0176	0.0274	N/A	N/A	0.0213	0.0178	0.0171	0.0315	0.0273
Total Debt	106.41 M	128.06 M	90.75 M	264.9 M	178.5 M	142.53 M	271.06 M	179.7 M	519.05 M	1.71 B
Return On Equity	0.13	0.15	0.12	0.0869	0.078	0.0989	0.1	0.12	0.12	0.19
Return On Asset	0.008	0.0114	0.0097	0.0072	0.0066	0.0106	0.0113	0.0106	0.0114	0.0233
Number Of Shares Shorted	276.45 K	35.47 K	95.42 K	81.85 K	1.06 M	510.46 K	135.53 K	165.28 K	283.8 K	37.17 K
Book Value Per Share	15.7	14.58	11.97	44.89	19.01	21.37	17.88	39.19	27.83	26.53
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	661 K
Total Asset	4.14 B	3.04 B	2.8 B	4.4 B	4.85 B	3.69 B	3.96 B	3.36 B	3.83 B	1.96 B
Debt To Equity	10.47	10.69	N/A	11.92	N/A	9.03	N/A	9.1	8.44	10.16
Short Ratio	5.63	3.26	1.68	1.44	6.18	2.84	1.89	5.41	3.05	3.79
Target Price	26.0	N/A	21.55	64.0	24.83	28.33	19.17	52.0	39.25	53.0
Last Dividend Paid	1.0	0.38	0.4	N/A	N/A	0.48	0.24	0.8	1.01	1.02
Shares Owned By Institutions	49.12	15.07	64.43	82.77	54.04	53.83	57.55	58.08	58.37	34.28
Market Capitalization	395.4 M	377.14 M	331.2 M	435.18 M	443.29 M	432.88 M	376.13 M	369.09 M	445.46 M	373.11 M
Price To Earning	10.72	29.6	5.15	15.02	11.53	15.26	11.77	24.09	8.49	12.78
Price To Earnings To Growth	N/A	1.83	N/A	2.31	N/A	1.5	N/A	N/A	1.43	N/A
Price To Sales	4.15	4.57	3.77	3.78	2.82	3.03	2.78	3.44	2.99	3.9
Net Income	32.56 M	31.14 M	24.67 M	30.37 M	31.36 M	38.17 M	43.66 M	35.2 M	42.33 M	45.7 M
Earnings Per Share	1.92	1.98	1.57	3.72	1.38	2.0	1.65	4.45	3.11	4.5
Shares Owned By Insiders	11.48	59.29	25.09	6.34	2.35	13.1	7.38	15.3	10.93	55.33
Revenue	198.49 M	132.94 M	152.08 M	224.62 M	254.63 M	194.6 M	246.78 M	207.72 M	201.98 M	137.26 M
Working Capital	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-661 K
Cash And Equivalents	46.95 M	70.78 M	87.1 M	160.61 M	65.71 M	102.28 M	99.49 M	178.33 M	86.68 M	148.74 M
Cash Per Share	2.82	8.31	4.36	20.08	2.72	11.69	5.12	23.57	5.8	16.32
Gross Profit	95.25 M	77.44 M	87.92 M	115.14 M	157.06 M	142.91 M	135.31 M	107.28 M	149.18 M	95.68 M
Day Typical Price	23.09	22.0	18.19	52.15	19.98	22.62	15.07	46.77	32.98	39.38
Accumulation Distribution	0.0129	252.36	963.23	0.0238	0.003	2745.04	2432.32	2.0E-4	1860.7	N/A
Market Facilitation Index	0.3	0.0	0.0	1.26	0.06	0.0	0.0	0.01	0.0	N/A
Daily Balance Of Power	-1.17	-0.24	0.0455	-0.90	-1.83	-0.08	-0.12	-16.00	-0.07	0
Period Momentum Indicator	-0.35	-0.12	0.02	-1.14	-0.11	-0.05	-0.06	-0.16	-0.10	-0.05
Rate Of Daily Change	0.99	0.99	1.0	0.98	0.99	1.0	1.0	1.0	1.0	1.0
Day Median Price	23.14	22.05	18.21	52.36	19.99	22.67	15.06	46.78	32.99	39.38
Price Action Indicator	-0.33	-0.21	-0.06	-1.20	-0.09	-0.15	0.015	-0.09	-0.07	-0.03
Relative Strength Index	42.02	42.47	42.19	39.28	41.17	39.1	32.53	45.16	40.16	37.06
Coefficient Of Variation	1735.05	-5,492	9258.3	4991.95	1617.18	-5,157	-5,210	23341.81	2733.02	-2,169
Mean Deviation	1.35	1.54	1.46	1.45	1.03	1.04	1.24	1.28	1.36	1.16
Jensen Alpha	0.15	-0.01	0.0604	0.0866	0.1198	0.0055	-0.0022	0.0387	0.1126	-0.05
Total Risk Alpha	0.2126	0.0729	0.1334	0.1637	0.17	0.048	0.0576	0.0996	0.1753	0.0121
Sortino Ratio	0.0934	N/A	0.0299	0.0349	0.0932	N/A	N/A	0.0223	0.0634	N/A
Downside Variance	2.47	N/A	3.98	5.43	1.92	N/A	N/A	4.09	2.9	N/A
Standard Deviation	1.89	1.98	2.03	2.17	1.48	1.43	1.66	1.71	1.92	1.59
Kurtosis	3.52	0.5976	1.45	4.63	1.75	1.86	0.7838	1.14	1.01	1.32
Potential Upside	2.84	3.95	3.61	3.36	2.81	2.32	2.82	2.53	4.03	2.39
Treynor Ratio	0.093	-0.06	0.0117	0.0301	0.1011	-0.04	-0.05	-0.0031	0.0549	-0.12
Maximum Drawdown	11.43	9.85	11.42	13.26	8.24	8.14	8.58	8.29	9.15	8.25
Variance	3.58	3.94	4.1	4.71	2.18	2.04	2.74	2.91	3.68	2.53
Market Risk Adjusted Performance	0.103	-0.05	0.0217	0.0401	0.1111	-0.03	-0.04	0.0069	0.0649	-0.11
Risk Adjusted Performance	0.0517	-0.01	0.0147	0.0223	0.0538	-0.01	-0.01	0.0087	0.035	-0.03
Skewness	1.15	0.6506	0.0275	-1.07	0.368	0.1744	0.2815	-0.44	0.6363	-0.80
Semi Deviation	1.42	N/A	1.9	2.25	1.25	N/A	N/A	1.98	1.58	N/A
Information Ratio	0.0776	8.0E-4	0.0294	0.0374	0.0874	0.007	0.0036	0.0264	0.0563	-0.02
Value At Risk	-2.67	-2.93	-3.30	-2.38	-2.29	-1.97	-2.81	-3.55	-2.59	-2.81
Expected Short fall	-1.50	N/A	-1.63	-1.58	-1.16	N/A	N/A	-1.12	-1.57	N/A
Downside Deviation	1.57	N/A	1.99	2.33	1.39	N/A	N/A	2.02	1.7	N/A
Semi Variance	2.03	N/A	3.61	5.07	1.55	N/A	N/A	3.93	2.51	N/A

Peer Performance Charts

How to Analyze West Bancorporation Against Peers

West Bancorporation's peer analysis compares West Bancorporation with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether West Bancorporation trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where West Bancorporation leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

West Competitors

West Bancorporation vs MVB Financial Correlation Snapshot

Poor diversification

Moving together with West Stock

Moving against West Stock

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West Bancorporation Competition Correlation Matrix

Risk-Adjusted Indicators

Peer Comparison: Net Income

West Bancorporation Competitive Analysis

Peer Performance Charts

How to Analyze West Bancorporation Against Peers

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