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

West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report) announced a quarterly dividend on Wednesday, October 23rd, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Wednesday, November 6th.

West Bancorporation has increased its dividend payment by an average of 6.0% per year over the last three years. West Bancorporation has a dividend payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

NASDAQ:WTBA traded up $0.14 during trading on Friday, reaching $20.82. The company's stock had a trading volume of 37,170 shares, compared to its average volume of 27,240. West Bancorporation has a 12 month low of $15.80 and a 12 month high of $22.39. The firm has a market cap of $350.07 million, a price-to-earnings ratio of 15.77 and a beta of 0.98. The firm has a 50 day moving average of $19.35 and a 200-day moving average of $18.30. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.35 earnings per share 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 company had revenue of $50.97 million during the quarter, compared to analyst estimates of $20.00 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. Research analysts expect that West Bancorporation will post 1.3 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Piper Sandler raised their price target on shares of West Bancorporation from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday.

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.