WTBA
West Bancorporation, Inc.
Banks - Regional
Market Cap$408M
5Y Perf.+36.7%
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Stock Comparison
WTBA vs FBIZ
Revenue, margins, valuation, and 5-year total return — side by side.
FBIZ
First Business Financial Services, Inc.
Banks - Regional
Market Cap$473M
5Y Perf.+242.7%
WTBA vs FBIZ — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | WTBA | FBIZ |
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $408M | $473M |
| Revenue (TTM) | $198M | $279M |
| Net Income (TTM) | $35M | $51M |
| Gross Margin | 48.0% | 57.3% |
| Operating Margin | 20.9% | 21.6% |
| Forward P/E | 9.3x | 9.1x |
| Total Debt | $106M | $259M |
| Cash & Equiv. | $25M | $31M |
WTBA vs FBIZ — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
WTBA
FBIZ
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| West Bancorporation… (WTBA) | 100 | 136.7 | +36.7% |
| First Business Fina… (FBIZ) | 100 | 342.7 | +242.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WTBA vs FBIZ
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: WTBA leads in 4 of 7 categories, making it the strongest pick for profitability and margin quality and dividend income and shareholder returns. First Business Financial Services, Inc. is the stronger pick specifically for growth and revenue expansion and valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
WTBA
West Bancorporation, Inc.
The Banking Pick
WTBA carries the broadest edge in this set and is the clearest fit for quality and dividends.
- Efficiency ratio 0.3% vs FBIZ's 0.4% (lower = leaner)
- 4.1% yield, vs FBIZ's 2.1%
- +31.7% vs FBIZ's +21.0%
Best for: quality and dividends
FBIZ
First Business Financial Services, Inc.
The Banking Pick
FBIZ is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 13 yrs, beta 0.81, yield 2.1%
- Rev growth 6.4%, EPS growth 16.5%
- 161.7% 10Y total return vs WTBA's 84.9%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | FBIZ | 6.4% NII/revenue growth vs WTBA's 0.3% |
| Value | FBIZ | Lower P/E (9.1x vs 9.3x) |
| Quality / Margins | WTBA | Efficiency ratio 0.3% vs FBIZ's 0.4% (lower = leaner) |
| Stability / Safety | FBIZ | Beta 0.81 vs WTBA's 0.93 |
| Dividends | WTBA | 4.1% yield, vs FBIZ's 2.1% |
| Momentum (1Y) | WTBA | +31.7% vs FBIZ's +21.0% |
| Efficiency (ROA) | WTBA | Efficiency ratio 0.3% vs FBIZ's 0.4% |
WTBA vs FBIZ — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
WTBA vs FBIZ — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLFBIZLAGGINGWTBA
WTBAWest Bancorporation, …
1leads
FBIZFirst Business Financ…
4leads
6 Total Categories
CATEGORYLEADERvs WTBAMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
FBIZ4/5
Valuation MetricsMultiples, price ratios, and targets
FBIZ6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
WTBA5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
FBIZ4/6
Risk & VolatilityBeta, volatility, and downside exposure
FBIZ2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
FBIZ leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
FBIZ and WTBA operate at a comparable scale, with $279M and $198M in trailing revenue. Profitability is closely matched — net margins range from 18.0% (FBIZ) to 16.4% (WTBA).
| Metric | WTBAWest Bancorporati… | FBIZFirst Business Fi… |
|---|---|---|
| RevenueTrailing 12 months | $198M | $279M |
| EBITDAEarnings before interest/tax | $49M | $49M |
| Net IncomeAfter-tax profit | $35M | $51M |
| Free Cash FlowCash after capex | $48M | $53M |
| Gross MarginGross profit ÷ Revenue | +48.0% | +57.3% |
| Operating MarginEBIT ÷ Revenue | +20.9% | +21.6% |
| Net MarginNet income ÷ Revenue | +16.4% | +18.0% |
| FCF MarginFCF ÷ Revenue | +21.7% | +21.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +32.6% | +12.9% |
FBIZ leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
FBIZ leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 9.4x trailing earnings, FBIZ trades at a 25% valuation discount to WTBA's 12.6x P/E. On an enterprise value basis, FBIZ's 11.6x EV/EBITDA is more attractive than WTBA's 11.8x.
| Metric | WTBAWest Bancorporati… | FBIZFirst Business Fi… |
|---|---|---|
| Market CapShares × price | $408M | $473M |
| Enterprise ValueMkt cap + debt − cash | $490M | $702M |
| Trailing P/EPrice ÷ TTM EPS | 12.56x | 9.36x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.31x | 9.15x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.37x |
| EV / EBITDAEnterprise value multiple | 11.82x | 11.61x |
| Price / SalesMarket cap ÷ Revenue | 2.06x | 1.69x |
| Price / BookPrice ÷ Book value/share | 1.54x | 1.25x |
| Price / FCFMarket cap ÷ FCF | 9.46x | 7.74x |
FBIZ leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
WTBA leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
FBIZ delivers a 14.1% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $14 for WTBA. WTBA carries lower financial leverage with a 0.40x debt-to-equity ratio, signaling a more conservative balance sheet compared to FBIZ's 0.70x. On the Piotroski fundamental quality scale (0–9), FBIZ scores 8/9 vs WTBA's 6/9, reflecting strong financial health.
| Metric | WTBAWest Bancorporati… | FBIZFirst Business Fi… |
|---|---|---|
| ROE (TTM)Return on equity | +13.7% | +14.1% |
| ROA (TTM)Return on assets | +0.9% | +1.2% |
| ROICReturn on invested capital | +6.3% | +7.0% |
| ROCEReturn on capital employed | +6.2% | +2.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 8 |
| Debt / EquityFinancial leverage | 0.40x | 0.70x |
| Net DebtTotal debt minus cash | $81M | $229M |
| Cash & Equiv.Liquid assets | $25M | $31M |
| Total DebtShort + long-term debt | $106M | $259M |
| Interest CoverageEBIT ÷ Interest expense | 0.44x | 0.42x |
WTBA leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
FBIZ leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FBIZ five years ago would be worth $23,086 today (with dividends reinvested), compared to $10,704 for WTBA. Over the past 12 months, WTBA leads with a +31.7% total return vs FBIZ's +21.0%. The 3-year compound annual growth rate (CAGR) favors FBIZ at 33.2% vs WTBA's 20.1% — a key indicator of consistent wealth creation.
| Metric | WTBAWest Bancorporati… | FBIZFirst Business Fi… |
|---|---|---|
| YTD ReturnYear-to-date | +13.0% | +7.1% |
| 1-Year ReturnPast 12 months | +31.7% | +21.0% |
| 3-Year ReturnCumulative with dividends | +73.4% | +136.5% |
| 5-Year ReturnCumulative with dividends | +7.0% | +130.9% |
| 10-Year ReturnCumulative with dividends | +84.9% | +161.7% |
| CAGR (3Y)Annualised 3-year return | +20.1% | +33.2% |
FBIZ leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
FBIZ leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
FBIZ is the less volatile stock with a 0.81 beta — it tends to amplify market swings less than WTBA's 0.93 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FBIZ currently trades 93.7% from its 52-week high vs WTBA's 90.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | WTBAWest Bancorporati… | FBIZFirst Business Fi… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.93x | 0.81x |
| 52-Week HighHighest price in past year | $26.60 | $60.54 |
| 52-Week LowLowest price in past year | $17.31 | $45.90 |
| % of 52W HighCurrent price vs 52-week peak | +90.6% | +93.7% |
| RSI (14)Momentum oscillator 0–100 | 47.1 | 49.1 |
| Avg Volume (50D)Average daily shares traded | 42K | 39K |
FBIZ leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — WTBA and FBIZ each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates WTBA as "Hold" and FBIZ as "Buy". For income investors, WTBA offers the higher dividend yield at 4.12% vs FBIZ's 2.09%.
| Metric | WTBAWest Bancorporati… | FBIZFirst Business Fi… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | — | $67.00 |
| # AnalystsCovering analysts | 3 | 10 |
| Dividend YieldAnnual dividend ÷ price | +4.1% | +2.1% |
| Dividend StreakConsecutive years of raises | 0 | 13 |
| Dividend / ShareAnnual DPS | $0.99 | $1.19 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | +0.3% |
Evenly matched — WTBA and FBIZ each lead in 1 of 2 comparable metrics.
Key Takeaway
FBIZ leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). WTBA leads in 1 (Profitability & Efficiency). 1 tied.
Best OverallFirst Business Financial Se… (FBIZ)Leads 4 of 6 categories
Loading custom metrics...
WTBA vs FBIZ: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is WTBA or FBIZ a better buy right now?
For growth investors, First Business Financial Services, Inc.
(FBIZ) is the stronger pick with 6. 4% revenue growth year-over-year, versus 0. 3% for West Bancorporation, Inc. (WTBA). First Business Financial Services, Inc. (FBIZ) offers the better valuation at 9. 4x trailing P/E (9. 1x forward), making it the more compelling value choice. Analysts rate First Business Financial Services, Inc. (FBIZ) a "Buy" — based on 10 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — WTBA or FBIZ?
On trailing P/E, First Business Financial Services, Inc.
(FBIZ) is the cheapest at 9. 4x versus West Bancorporation, Inc. at 12. 6x. On forward P/E, First Business Financial Services, Inc. is actually cheaper at 9. 1x.
03Which is the better long-term investment — WTBA or FBIZ?
Over the past 5 years, First Business Financial Services, Inc.
(FBIZ) delivered a total return of +130. 9%, compared to +7. 0% for West Bancorporation, Inc. (WTBA). Over 10 years, the gap is even starker: FBIZ returned +161. 7% versus WTBA's +84. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — WTBA or FBIZ?
By beta (market sensitivity over 5 years), First Business Financial Services, Inc.
(FBIZ) is the lower-risk stock at 0. 81β versus West Bancorporation, Inc. 's 0. 93β — meaning WTBA is approximately 15% more volatile than FBIZ relative to the S&P 500. On balance sheet safety, West Bancorporation, Inc. (WTBA) carries a lower debt/equity ratio of 40% versus 70% for First Business Financial Services, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — WTBA or FBIZ?
By revenue growth (latest reported year), First Business Financial Services, Inc.
(FBIZ) is pulling ahead at 6. 4% versus 0. 3% for West Bancorporation, Inc. (WTBA). On earnings-per-share growth, the picture is similar: West Bancorporation, Inc. grew EPS 35. 2% year-over-year, compared to 16. 5% for First Business Financial Services, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — WTBA or FBIZ?
First Business Financial Services, Inc.
(FBIZ) is the more profitable company, earning 18. 0% net margin versus 16. 4% for West Bancorporation, Inc. — meaning it keeps 18. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FBIZ leads at 21. 6% versus 20. 9% for WTBA. At the gross margin level — before operating expenses — FBIZ leads at 57. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is WTBA or FBIZ more undervalued right now?
On forward earnings alone, First Business Financial Services, Inc.
(FBIZ) trades at 9. 1x forward P/E versus 9. 3x for West Bancorporation, Inc. — 0. 2x cheaper on a one-year earnings basis.
08Which pays a better dividend — WTBA or FBIZ?
All stocks in this comparison pay dividends.
West Bancorporation, Inc. (WTBA) offers the highest yield at 4. 1%, versus 2. 1% for First Business Financial Services, Inc. (FBIZ).
09Is WTBA or FBIZ better for a retirement portfolio?
For long-horizon retirement investors, First Business Financial Services, Inc.
(FBIZ) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 81), 2. 1% yield, +161. 7% 10Y return). Both have compounded well over 10 years (FBIZ: +161. 7%, WTBA: +84. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between WTBA and FBIZ?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(WTBA: 0.3% · FBIZ: 6.4%)Net Margin>
%
(WTBA: 16.4% · FBIZ: 18.0%)P/E Ratio<
x
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