West Bancorporation (NASDAQ:WTBA - Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.04, RTT News reports. The business had revenue of $50.97 million for the quarter, compared to analyst estimates of $20.00 million. West Bancorporation had a return on equity of 9.78% and a net margin of 11.57%. During the same period in the previous year, the company posted $0.35 earnings per share.
West Bancorporation Stock Performance
WTBA stock traded up $0.14 during trading on Friday, reaching $20.82. 37,170 shares of the stock were exchanged, compared to its average volume of 27,240. West Bancorporation has a twelve month low of $15.80 and a twelve month high of $22.39. The company has a market capitalization of $350.07 million, a P/E ratio of 16.14 and a beta of 0.98. The stock has a 50 day simple moving average of $19.31 and a 200-day simple moving average of $18.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97.
West Bancorporation Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, November 6th. West Bancorporation's dividend payout ratio (DPR) is presently 75.76%.
Wall Street Analyst Weigh In
Separately, Piper Sandler lifted their price objective on West Bancorporation from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday.
View Our Latest Stock Report on West Bancorporation
About West Bancorporation
(
Get Free Report)
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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