West Bancorporation, Inc. (NASDAQ:WTBA) to Issue Quarterly Dividend of $0.25

by · The Cerbat Gem

West Bancorporation, Inc. (NASDAQ:WTBA – Get Free Report) announced a quarterly dividend on Wednesday, October 23rd, Wall Street Journal reports. Stockholders of record on Wednesday, November 6th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, November 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Wednesday, November 6th.

West Bancorporation has raised its dividend payment by an average of 6.0% annually over the last three years. West Bancorporation has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect West Bancorporation to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 66.7%.

West Bancorporation Stock Up 0.7 %

Shares of NASDAQ:WTBA traded up $0.14 during midday trading on Friday, reaching $20.82. The company’s stock had a trading volume of 37,170 shares, compared to its average volume of 27,240. The firm has a 50 day moving average of $19.31 and a 200-day moving average of $18.28. The firm has a market capitalization of $350.07 million, a P/E ratio of 16.14 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. West Bancorporation has a 12-month low of $15.80 and a 12-month high of $22.39.

West Bancorporation (NASDAQ:WTBA – Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $50.97 million for the quarter, compared to the consensus estimate of $20.00 million. West Bancorporation had a net margin of 11.57% and a return on equity of 9.78%. During the same period in the prior year, the firm earned $0.35 EPS. On average, research analysts anticipate that West Bancorporation will post 1.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price on shares of West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday.

Check Out Our Latest Stock Analysis on West Bancorporation

West Bancorporation Company Profile

(Get Free Report)

West Bancorporation, Inc operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.

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