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

West Bancorporation, Inc. (NASDAQ:WTBA) announced a quarterly dividend on Friday, October 25th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 4.79%. The ex-dividend date is Wednesday, November 6th.

West Bancorporation has raised its dividend by an average of 6.0% per year over the last three years. West Bancorporation has a dividend payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Research 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 0.9 %

Shares of WTBA traded up $0.18 during mid-day trading on Friday, hitting $20.86. 30,600 shares of the company’s stock were exchanged, compared to its average volume of 27,197. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. West Bancorporation has a 52 week low of $15.80 and a 52 week high of $22.39. The company has a market cap of $350.74 million, a PE ratio of 16.14 and a beta of 0.98. The company has a 50-day simple moving average of $19.31 and a 200 day simple moving average of $18.28.

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

Analyst Ratings Changes

Separately, Piper Sandler raised their price target on West Bancorporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday.

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.