West Bancorporation, Inc. (NASDAQ:WTBA) Declares $0.25 Quarterly Dividend

by · The Markets Daily

West Bancorporation, Inc. (NASDAQ:WTBA – Get Free Report) declared a quarterly dividend on Wednesday, January 28th. Shareholders of record on Wednesday, February 11th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, February 25th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, February 11th.

West Bancorporation has increased its dividend by an average of 0.0%per year over the last three years. West Bancorporation has a dividend payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect West Bancorporation to earn $1.95 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 51.3%.

West Bancorporation Stock Up 4.2%

Shares of WTBA stock traded up $0.94 during trading on Thursday, reaching $23.27. The company’s stock had a trading volume of 30,105 shares, compared to its average volume of 25,965. West Bancorporation has a 1-year low of $17.31 and a 1-year high of $24.27. The stock’s 50-day moving average price is $22.65 and its 200 day moving average price is $20.94. The company has a market capitalization of $394.19 million, a price-to-earnings ratio of 12.25 and a beta of 0.84. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.97 and a quick ratio of 0.97.

West Bancorporation (NASDAQ:WTBA – Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. West Bancorporation had a return on equity of 13.40% and a net margin of 16.04%.The company had revenue of $17.62 million for the quarter, compared to the consensus estimate of $26.70 million. On average, research analysts anticipate that West Bancorporation will post 1.65 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on WTBA. Weiss Ratings restated a “hold (c+)” rating on shares of West Bancorporation in a research report on Monday, December 29th. Piper Sandler raised their price objective on shares of West Bancorporation from $20.50 to $24.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Zacks Research lowered shares of West Bancorporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 25th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.00.

Read Our Latest Report on WTBA

West Bancorporation Company Profile

(Get Free Report)

West Bancorporation, Inc is the bank holding company for West Town Bank and Trust, a full-service community bank headquartered in Chicago, Illinois. Through its subsidiary, the company offers a comprehensive suite of commercial and consumer banking products, including deposit accounts, residential and commercial mortgages, business loans and treasury management services. West Bancorporation focuses on delivering personalized financial solutions to small- and medium-sized businesses, real estate developers and individual customers within its urban market.

Since launching operations in 2006, West Town Bank and Trust has steadily expanded its presence across the Chicago metropolitan area.

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