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

West Bancorporation, Inc. (NASDAQ:WTBA) announced a quarterly dividend on Wednesday, January 28th. Investors of record on Wednesday, February 11th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, February 11th.

West Bancorporation has raised its dividend by an average of 0.0%per year over the last three years. West Bancorporation has a dividend payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect West Bancorporation to earn $1.95 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 51.3%.

West Bancorporation Stock Up 4.2%

Shares of WTBA stock traded up $0.94 during mid-day trading on Thursday, reaching $23.27. 30,105 shares of the company’s stock traded hands, compared to its average volume of 28,874. The company’s 50-day moving average price is $22.65 and its 200-day moving average price is $20.94. The company has a market cap of $394.19 million, a P/E ratio of 12.25 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.52. West Bancorporation has a 12 month low of $17.31 and a 12 month high of $24.27.

West Bancorporation (NASDAQ:WTBA) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $17.62 million for the quarter, compared to analysts’ expectations of $26.70 million. West Bancorporation had a return on equity of 13.40% and a net margin of 16.04%. On average, equities analysts expect that West Bancorporation will post 1.65 earnings per share for the current fiscal year.

About West Bancorporation

West Bancorporation, Inc is the bank holding company for West Town Bank and Trust, a full-service community bank headquartered in Chicago, Illinois. Through its subsidiary, the company offers a comprehensive suite of commercial and consumer banking products, including deposit accounts, residential and commercial mortgages, business loans and treasury management services. West Bancorporation focuses on delivering personalized financial solutions to small- and medium-sized businesses, real estate developers and individual customers within its urban market.

Since launching operations in 2006, West Town Bank and Trust has steadily expanded its presence across the Chicago metropolitan area.