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

West Bancorporation, Inc. (NASDAQ:WTBA) announced a quarterly dividend on Wednesday, October 23rd, Wall Street Journal reports. Stockholders of record on Wednesday, November 6th will be paid 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 dividend yield of 4.65%. The ex-dividend date of this dividend 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 57.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect West Bancorporation to earn $1.75 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 57.1%.

West Bancorporation Trading Up 0.9 %

Shares of WTBA stock opened at $21.52 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95. West Bancorporation has a 52-week low of $15.80 and a 52-week high of $22.64. The stock has a fifty day simple moving average of $19.65 and a two-hundred day simple moving average of $18.58. The firm has a market capitalization of $362.18 million, a PE ratio of 16.81 and a beta of 0.95.

West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data 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. The firm had revenue of $50.97 million for the quarter, compared to analysts’ expectations of $20.00 million. West Bancorporation had a net margin of 11.17% and a return on equity of 9.46%. During the same quarter last year, the business posted $0.35 earnings per share. On average, analysts predict that West Bancorporation will post 1.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WTBA has been the topic of a number of research analyst reports. Piper Sandler boosted their target price on West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. StockNews.com upgraded shares of West Bancorporation from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

About West Bancorporation

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.