West Bancorp (WTBA)
Market Price (3/1/2026): $24.48 | Market Cap: $414.7 MilSector: Financials | Industry: Regional Banks
West Bancorp (WTBA)
Market Price (3/1/2026): $24.48Market Cap: $414.7 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 4.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.6%, FCF Yield is 9.7% | Weak multi-year price returns3Y Excs Rtn is -39% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.0% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20% | Key risksWTBA key risks include [1] a significantly compressed net interest margin in 2024 due to adverse economic conditions, Show more. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 43% | ||
| Low stock price volatilityVol 12M is 31% |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 4.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.6%, FCF Yield is 9.7% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 43% |
| Low stock price volatilityVol 12M is 31% |
| Weak multi-year price returns3Y Excs Rtn is -39% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.0% |
| Key risksWTBA key risks include [1] a significantly compressed net interest margin in 2024 due to adverse economic conditions, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. West Bancorp reported strong financial results for the fourth quarter and full year 2025, exceeding prior year performance. The company's net income for Q4 2025 was $7.4 million, or $0.43 per diluted common share, an increase from $7.1 million, or $0.42 per diluted common share, in Q4 2024. For the full year 2025, net income rose significantly to $32.6 million, or $1.92 per diluted common share, compared to $24.1 million, or $1.42 per diluted common share, in 2024. Management expressed optimism for continued improvements in 2026 through proactive balance sheet management.
2. The company demonstrated improving net interest margin and a reduction in deposit costs. Net interest income showed continuous improvement, with the net interest margin increasing by 11 basis points quarter-over-quarter and 49 basis points compared to the fourth quarter of the previous year. Concurrently, the cost of deposits declined by 28 basis points quarter-over-quarter and 64 basis points year-over-year, contributing positively to profitability.
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Stock Movement Drivers
Fundamental Drivers
The 10.6% change in WTBA stock from 11/30/2025 to 2/28/2026 was primarily driven by a 10.6% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 2282026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.01 | 24.35 | 10.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 92 | 92 | 0.0% |
| Net Income Margin (%) | 35.0% | 35.0% | 0.0% |
| P/E Multiple | 11.6 | 12.8 | 10.6% |
| Shares Outstanding (Mil) | 17 | 17 | 0.0% |
| Cumulative Contribution | 10.6% |
Market Drivers
11/30/2025 to 2/28/2026| Return | Correlation | |
|---|---|---|
| WTBA | 10.6% | |
| Market (SPY) | 0.4% | 24.5% |
| Sector (XLF) | -3.6% | 52.9% |
Fundamental Drivers
The 24.6% change in WTBA stock from 8/31/2025 to 2/28/2026 was primarily driven by a 11.7% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 2282026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.54 | 24.35 | 24.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 87 | 92 | 5.3% |
| Net Income Margin (%) | 33.0% | 35.0% | 6.0% |
| P/E Multiple | 11.5 | 12.8 | 11.7% |
| Shares Outstanding (Mil) | 17 | 17 | 0.0% |
| Cumulative Contribution | 24.6% |
Market Drivers
8/31/2025 to 2/28/2026| Return | Correlation | |
|---|---|---|
| WTBA | 24.6% | |
| Market (SPY) | 6.6% | 33.6% |
| Sector (XLF) | -4.4% | 56.2% |
Fundamental Drivers
The 12.9% change in WTBA stock from 2/28/2025 to 2/28/2026 was primarily driven by a 16.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282025 | 2282026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.57 | 24.35 | 12.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 79 | 92 | 16.3% |
| Net Income Margin (%) | 30.4% | 35.0% | 15.2% |
| P/E Multiple | 15.1 | 12.8 | -15.2% |
| Shares Outstanding (Mil) | 17 | 17 | -0.6% |
| Cumulative Contribution | 12.9% |
Market Drivers
2/28/2025 to 2/28/2026| Return | Correlation | |
|---|---|---|
| WTBA | 12.9% | |
| Market (SPY) | 16.5% | 44.8% |
| Sector (XLF) | -0.4% | 54.9% |
Fundamental Drivers
The 35.1% change in WTBA stock from 2/28/2023 to 2/28/2026 was primarily driven by a 98.0% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 2282026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.03 | 24.35 | 35.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 102 | 92 | -9.7% |
| Net Income Margin (%) | 45.5% | 35.0% | -23.1% |
| P/E Multiple | 6.5 | 12.8 | 98.0% |
| Shares Outstanding (Mil) | 17 | 17 | -1.8% |
| Cumulative Contribution | 35.1% |
Market Drivers
2/28/2023 to 2/28/2026| Return | Correlation | |
|---|---|---|
| WTBA | 35.1% | |
| Market (SPY) | 79.6% | 39.3% |
| Sector (XLF) | 50.6% | 55.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WTBA Return | 66% | -14% | -12% | 8% | 8% | 13% | 64% |
| Peers Return | 27% | -7% | 1% | 20% | 17% | 15% | 92% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| WTBA Win Rate | 75% | 42% | 42% | 50% | 67% | 100% | |
| Peers Win Rate | 57% | 45% | 55% | 57% | 62% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| WTBA Max Drawdown | -0% | -32% | -38% | -24% | -15% | -2% | |
| Peers Max Drawdown | -3% | -17% | -34% | -13% | -15% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FIBK, QCRH, UMBF, NIC, ATLO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/27/2026 (YTD)
How Low Can It Go
| Event | WTBA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -54.5% | -25.4% |
| % Gain to Breakeven | 120.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -40.7% | -33.9% |
| % Gain to Breakeven | 68.5% | 51.3% |
| Time to Breakeven | 355 days | 148 days |
| 2018 Correction | ||
| % Loss | -35.2% | -19.8% |
| % Gain to Breakeven | 54.2% | 24.7% |
| Time to Breakeven | 886 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -75.7% | -56.8% |
| % Gain to Breakeven | 311.5% | 131.3% |
| Time to Breakeven | 1,927 days | 1,480 days |
Compare to FIBK, QCRH, UMBF, NIC, ATLO
In The Past
West Bancorp's stock fell -54.5% during the 2022 Inflation Shock from a high on 11/15/2021. A -54.5% loss requires a 120.0% gain to breakeven.
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About West Bancorp (WTBA)
AI Analysis | Feedback
Here are 1-3 brief analogies for West Bancorp (WTBA):
- U.S. Bank, but for Iowa and Minnesota.
- Wells Fargo's community banking, scaled for Iowa and Minnesota.
AI Analysis | Feedback
Here are the major services provided by West Bancorp (WTBA):- Deposit Accounts: Services for individuals and businesses to securely save and manage their money, including checking, savings, money market, and certificate of deposit accounts.
- Commercial & Real Estate Loans: Financing solutions for businesses, including commercial real estate, construction, and commercial and industrial loans.
- Residential Mortgage Loans: Loans provided to individuals for the purchase or refinancing of homes.
- Consumer Loans: Personal financing options for individuals, such as auto loans, personal loans, and home equity lines of credit.
- Treasury Management: Services designed for businesses to optimize cash flow, manage payments, and enhance financial operations.
AI Analysis | Feedback
West Bancorp (WTBA) is a bank holding company that operates primarily through its subsidiary, West Bank. As a financial institution, it does not typically have "major customers" in the way a manufacturing or retail company might, where a few large buyers represent a significant portion of revenue. Instead, West Bancorp provides a broad range of financial services to a diverse base of individual and business customers.
The company primarily serves the following categories of customers:
- Individual Consumers: This category includes individuals who use West Bancorp for their personal banking needs. Services offered include checking accounts, savings accounts, money market accounts, certificates of deposit, residential mortgages, home equity loans, personal loans, and auto loans.
- Small to Medium-Sized Businesses (SMEs): West Bancorp serves a variety of businesses, from small enterprises to larger middle-market companies. These customers utilize the bank for commercial loans, lines of credit, business checking and savings accounts, treasury management services, and other specialized business banking solutions.
- Commercial Real Estate Developers and Investors: A significant portion of West Bancorp's lending activity involves commercial real estate. This customer category includes developers and investors seeking financing for the acquisition, development, construction, and refinancing of commercial properties across various sectors such as multi-family, office, retail, and industrial.
AI Analysis | Feedback
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AI Analysis | Feedback
David D. Nelson, President and CEO Mr. Nelson is the Chief Executive Officer and President of West Bancorp, Inc., and also serves as Chairman, Director, and Chief Executive Officer of West Bank. He joined the Company in April 2010 and brings over 30 years of experience in commercial banking, with a strong background in customer relationship building, credit, and leadership development. Jane M. Funk, Executive Vice President, Treasurer and Chief Financial Officer Ms. Funk is the Executive Vice President, Treasurer, and Chief Financial Officer of West Bancorp, Inc., and Director, Executive Vice President, and Chief Financial Officer of West Bank. She joined West Bank in 2014, bringing over 20 years of combined experience in the financial services industry and public accounting. Ms. Funk is a CPA and was previously with the public accounting firm RSM US LLP for over 18 years, and also worked for two other financial institutions prior to joining West Bank. Brad L. Winterbottom, Executive Vice President Mr. Winterbottom serves as Executive Vice President of West Bancorp, Inc. and President of West Bank. He joined the West Bancorporation Board in 2009 and has been a Director of West Bank since 2000. Mr. Winterbottom originally joined West Bank in 1992. Harlee N. Olafson, Executive Vice President and Chief Risk Officer Mr. Olafson is the Chief Risk Officer and Executive Vice President of West Bancorp, Inc., and has served as a Director, Chief Risk Officer, and Executive Vice President of West Bank since 2010. He possesses over 30 years of experience in commercial banking. Brad P. Peters, Executive Vice President Mr. Peters is an Executive Vice President of West Bancorp, Inc., and Executive Vice President and Minnesota Group President of West Bank. He joined West Bank in 2019, bringing more than 30 years of experience in commercial banking.AI Analysis | Feedback
West Bancorp (WTBA) faces several key risks, primarily stemming from its nature as a regional bank operating within a dynamic financial landscape. The most significant risks include:1. Economic Conditions and Net Interest Margin Compression
West Bancorp has directly experienced the impact of macroeconomic uncertainty and an inverted yield curve, which led to a significantly compressed net interest margin in 2024, causing earnings to fall short of financial performance standards. Such adverse economic conditions can directly affect the bank's profitability and financial health.2. Competitive Pressures
The banking sector in West Bancorp's market areas is highly competitive, encompassing other commercial banks, credit unions, mortgage companies, and financial technology (FinTech) companies. These competitive and pricing pressures on both loans and deposits can impact the company's ability to grow and maintain profitability.3. Changes in Regulatory Requirements
As a financial institution, West Bancorp is subject to extensive regulation. Changes in local and national regulatory requirements, as well as actions by bodies such as the Securities and Exchange Commission (SEC) and the Federal Reserve Board, can significantly affect the company's operations, compliance costs, and business strategies.AI Analysis | Feedback
West Bancorp, as a traditional regional bank, faces several clear emerging threats primarily stemming from the accelerating pace of digital transformation in financial services:
Fintech Disruption: The rise of financial technology (fintech) companies and neobanks (digital-only banks) presents a significant threat. These agile competitors often offer superior digital user experiences, potentially lower fees, faster lending processes, and innovative services tailored to specific customer segments. Companies like Chime, SoFi, Ally Bank, and various online lenders can attract customers with attractive deposit rates, streamlined loan applications, and user-friendly mobile apps, potentially eroding West Bancorp's market share in deposits, consumer lending, and even small business banking without needing a physical presence in West Bancorp's operating markets.
Non-Bank Payment Solutions: The increasing adoption of payment applications and platforms (e.g., PayPal, Venmo, Cash App, Zelle) that facilitate transactions outside of traditional bank accounts poses a threat to the centrality of checking accounts and traditional banking relationships. While West Bancorp may integrate with some of these platforms, the broader trend can reduce the frequency of direct interaction and reliance on traditional bank services for payments, diminishing the bank's role as the primary financial hub for its customers.
AI Analysis | Feedback
West Bancorp (symbol: WTBA) operates as a bank holding company, with its primary subsidiary, West Bank, offering full-service banking to businesses and consumers in Iowa and Minnesota. Its main products and services encompass general banking activities, loans (including residential mortgages and commercial lending), and trust services, which fall under wealth management. The addressable markets for these services in the U.S. are substantial.
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Community Banking (General Banking Services): The assets controlled by community banks in the U.S. totaled approximately $3.2 trillion as of December 2022.
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Residential Mortgages: The residential mortgage debt outstanding in the U.S. amounted to $11.92 trillion as of the fourth quarter of 2022.
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Commercial Lending: The global commercial lending market was valued at $14.15 trillion in 2023. With the U.S. holding approximately 75% of the commercial lending market share, the addressable market in the U.S. for commercial lending is estimated to be around $10.61 trillion in 2023.
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Wealth Management: The North American wealth management market, a significant portion of which is the U.S. market, accounted for $937.45 billion in 2023.
AI Analysis | Feedback
West Bancorp (WTBA) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market conditions:
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Net Interest Margin (NIM) Expansion: The company anticipates continued improvement in its net interest margin, which has been a primary driver of financial performance. This is expected to be fueled by the repricing of approximately $550 million in fixed-rate loans over the next 12 months at higher yields, as well as the anticipated favorable impact of future Federal Reserve rate cuts through 2026.
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Strategic Loan Growth: West Bancorp aims for sustained loan growth, supported by a "good" loan pipeline. Management has indicated plans to fund this expansion through ongoing deposit gathering efforts and cash flows from its securities portfolio. Loan balances increased by $43 million in the third quarter of 2025.
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Focused Deposit Gathering: The company is actively targeting "deposit-rich business banking opportunities" and "high-value retail deposits." This disciplined approach to attracting new business and maintaining a strong deposit base is crucial for efficiently funding loan growth and optimizing the cost of funds.
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Capitalizing on Competitor M&A Activity: West Bancorp is strategically leveraging new business opportunities arising from recent merger and acquisition activities among competitors in its markets, particularly in Minnesota. This allows the company to attract new customers and expand its market share.
AI Analysis | Feedback
Share Issuance
- The number of common shares outstanding has generally increased over the last five years, from 16.45 million in 2020 to approximately 16.94 million as of November 2025.
- This represents a net increase of approximately 0.49 million shares outstanding over the 2020-2025 period.
Capital Expenditures
- West Bancorp completed the construction and moved into a new headquarters building in West Des Moines, Iowa in April 2024, a project that was several years in the making.
- The company opened new permanent locations in Mankato, Minnesota in November 2023, and in St. Cloud, Minnesota in March 2022.
- The net value of premises and equipment increased from $86.4 million in 2023 to $110.0 million in 2024, indicating substantial capital investments in property and infrastructure.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Can West Bancorp Stock Hold Up When Markets Turn? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to WTBA.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02202026 | COIN | Coinbase Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.6% | 2.6% | -6.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 60.55 |
| Mkt Cap | 1.9 |
| Rev LTM | 362 |
| Op Inc LTM | - |
| FCF LTM | 180 |
| FCF 3Y Avg | 200 |
| CFO LTM | 212 |
| CFO 3Y Avg | 225 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.6% |
| Rev Chg 3Y Avg | 4.1% |
| Rev Chg Q | 20.3% |
| QoQ Delta Rev Chg LTM | 4.8% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 40.9% |
| CFO/Rev 3Y Avg | 38.0% |
| FCF/Rev LTM | 38.8% |
| FCF/Rev 3Y Avg | 33.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.9 |
| P/S | 4.2 |
| P/EBIT | - |
| P/E | 14.5 |
| P/CFO | 10.5 |
| Total Yield | 9.1% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 9.0% |
| D/E | 0.1 |
| Net D/E | -0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.6% |
| 3M Rtn | 8.7% |
| 6M Rtn | 10.8% |
| 12M Rtn | 17.5% |
| 3Y Rtn | 35.8% |
| 1M Excs Rtn | 3.7% |
| 3M Excs Rtn | 6.7% |
| 6M Excs Rtn | 4.1% |
| 12M Excs Rtn | 3.2% |
| 3Y Excs Rtn | -38.2% |
Price Behavior
| Market Price | $24.35 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 05/03/1999 | |
| Distance from 52W High | -7.4% | |
| 50 Days | 200 Days | |
| DMA Price | $23.63 | $20.70 |
| DMA Trend | up | up |
| Distance from DMA | 3.1% | 17.6% |
| 3M | 1YR | |
| Volatility | 31.3% | 31.0% |
| Downside Capture | 3.25 | 81.83 |
| Upside Capture | 68.34 | 81.38 |
| Correlation (SPY) | 22.1% | 45.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.88 | 0.99 | 0.71 | 0.86 | 0.72 | 0.90 |
| Up Beta | 0.91 | 2.41 | 2.32 | 1.78 | 0.66 | 0.90 |
| Down Beta | 0.48 | 0.52 | 0.50 | 0.79 | 0.68 | 0.79 |
| Up Capture | 181% | 119% | 67% | 89% | 74% | 74% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 20 | 30 | 63 | 123 | 358 |
| Down Capture | 11% | 42% | 3% | 42% | 87% | 100% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 21 | 31 | 60 | 123 | 387 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WTBA | |
|---|---|---|---|---|
| WTBA | 14.3% | 30.9% | 0.45 | - |
| Sector ETF (XLF) | 2.2% | 19.8% | -0.00 | 55.0% |
| Equity (SPY) | 16.5% | 19.4% | 0.66 | 45.0% |
| Gold (GLD) | 81.3% | 25.7% | 2.29 | -14.1% |
| Commodities (DBC) | 13.4% | 16.9% | 0.58 | 2.4% |
| Real Estate (VNQ) | 7.3% | 16.6% | 0.25 | 46.7% |
| Bitcoin (BTCUSD) | -22.0% | 44.9% | -0.42 | 22.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WTBA | |
|---|---|---|---|---|
| WTBA | 6.4% | 32.1% | 0.24 | - |
| Sector ETF (XLF) | 11.3% | 18.8% | 0.48 | 58.2% |
| Equity (SPY) | 13.6% | 17.0% | 0.63 | 42.5% |
| Gold (GLD) | 23.5% | 17.1% | 1.12 | -1.7% |
| Commodities (DBC) | 10.6% | 19.0% | 0.44 | 9.1% |
| Real Estate (VNQ) | 5.1% | 18.8% | 0.18 | 43.5% |
| Bitcoin (BTCUSD) | 4.0% | 57.0% | 0.29 | 20.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WTBA | |
|---|---|---|---|---|
| WTBA | 7.7% | 32.9% | 0.31 | - |
| Sector ETF (XLF) | 13.8% | 22.2% | 0.57 | 64.2% |
| Equity (SPY) | 15.4% | 17.9% | 0.74 | 50.5% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | -5.3% |
| Commodities (DBC) | 8.7% | 17.6% | 0.41 | 16.2% |
| Real Estate (VNQ) | 6.6% | 20.7% | 0.28 | 46.9% |
| Bitcoin (BTCUSD) | 65.8% | 66.8% | 1.05 | 15.4% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/29/2026 | 4.2% | ||
| 10/23/2025 | 3.4% | 8.7% | 8.5% |
| 7/24/2025 | -2.7% | -5.9% | -1.4% |
| 4/24/2025 | -4.9% | -1.3% | -0.3% |
| 1/23/2025 | -0.2% | 3.9% | 7.5% |
| 10/24/2024 | 0.5% | 8.1% | 18.3% |
| 7/25/2024 | -1.6% | -2.3% | -8.5% |
| 4/25/2024 | -1.4% | 1.1% | 2.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 15 |
| # Negative | 10 | 10 | 8 |
| Median Positive | 2.2% | 3.7% | 7.5% |
| Median Negative | -1.6% | -3.3% | -6.1% |
| Max Positive | 4.5% | 25.0% | 20.7% |
| Max Negative | -4.9% | -7.8% | -12.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 04/28/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Milligan, George D | Direct | Sell | 11252025 | 22.00 | 5,826 | 128,172 | 1,390,290 | Form | |
| 2 | Milligan, George D | Direct | Sell | 11252025 | 21.71 | 10,000 | 217,100 | 1,154,863 | Form | |
| 3 | Gulling, Douglas R | Direct | Sell | 11122025 | 21.75 | 7,900 | 171,825 | 1,573,352 | Form | |
| 4 | Nelson, David D | CEO & PRESIDENT | Direct | Buy | 2202025 | 22.27 | 639 | 14,231 | 2,780,766 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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