West Bancorporation (NASDAQ:WTBA – Get Free Report) released its quarterly earnings results on Thursday. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01), Zacks reports. West Bancorporation had a return on equity of 9.85% and a net margin of 11.57%. The firm had revenue of $49.91 million for the quarter, compared to analysts’ expectations of $19.29 million. During the same period in the prior year, the firm posted $0.35 earnings per share.
West Bancorporation Trading Down 1.1 %
Shares of WTBA stock traded down $0.24 during trading hours on Friday, reaching $20.65. 73,148 shares of the stock were exchanged, compared to its average volume of 39,224. West Bancorporation has a 12-month low of $15.25 and a 12-month high of $22.39. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.97. The company’s 50-day moving average price is $17.92 and its 200-day moving average price is $17.79. The firm has a market capitalization of $347.21 million, a price-to-earnings ratio of 15.64 and a beta of 0.98.
West Bancorporation Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.84%. West Bancorporation’s dividend payout ratio is presently 75.76%.
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.
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