West Bancorporation, Inc. (NASDAQ:WTBA – Get Free Report) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, August 5th will be paid a dividend of 0.26 per share by the financial services provider on Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, August 5th. This is a 4.0% increase from West Bancorporation’s previous quarterly dividend of $0.25.
West Bancorporation has raised its dividend payment by an average of 0.0%per year over the last three years. West Bancorporation has a dividend payout ratio of 44.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect West Bancorporation to earn $2.85 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 35.1%.
West Bancorporation Price Performance
Shares of WTBA opened at $27.19 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50 day moving average price of $25.30 and a 200-day moving average price of $24.46. West Bancorporation has a fifty-two week low of $17.31 and a fifty-two week high of $27.87. The stock has a market capitalization of $462.99 million, a PE ratio of 13.20 and a beta of 0.72.
Institutional Trading of West Bancorporation
Several hedge funds and other institutional investors have recently made changes to their positions in WTBA. Russell Investments Group Ltd. grew its stake in West Bancorporation by 4,593.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,455 shares of the financial services provider’s stock worth $30,000 after buying an additional 1,424 shares during the last quarter. BNP Paribas Financial Markets raised its stake in West Bancorporation by 68.9% in the second quarter. BNP Paribas Financial Markets now owns 1,618 shares of the financial services provider’s stock valued at $32,000 after buying an additional 660 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in West Bancorporation by 37.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,665 shares of the financial services provider’s stock valued at $37,000 after buying an additional 455 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in West Bancorporation by 662.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,784 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 3,288 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in West Bancorporation in the fourth quarter worth about $126,000. Hedge funds and other institutional investors own 44.30% of the company’s stock.
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.
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