West Bancorporation (NASDAQ:WTBA) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

West Bancorporation (NASDAQ:WTBA) issued its quarterly earnings results on Thursday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02, Zacks reports. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. During the same period in the previous year, the firm posted $0.27 EPS.

West Bancorporation Price Performance

Shares of NASDAQ:WTBA opened at $21.46 on Friday. West Bancorporation has a 52 week low of $15.80 and a 52 week high of $24.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $361.17 million, a P/E ratio of 16.77 and a beta of 0.98. The firm’s 50 day moving average is $22.45 and its two-hundred day moving average is $20.82.

West Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.00 annualized dividend and a yield of 4.66%. West Bancorporation’s dividend payout ratio (DPR) is 78.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WTBA. StockNews.com raised West Bancorporation from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Piper Sandler upped their price objective on West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, October 25th.

Insider Activity at West Bancorporation

In other West Bancorporation news, Director Douglas R. Gulling sold 4,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $23.61, for a total value of $94,440.00. Following the completion of the sale, the director now owns 80,709 shares in the company, valued at $1,905,539.49. This represents a 4.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.48% of the company’s stock.

West Bancorporation Company Profile

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.