West Bancorporation, Inc. (NASDAQ:WTBA – Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Investors of record on Wednesday, November 11th will be given a dividend of $0.26 per share by the financial services provider on Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, November 10th.
West Bancorporation has a payout ratio of 46.2% 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 $1.04 annual dividend with an expected future payout ratio of 36.5%.
West Bancorporation Stock Performance
WTBA stock opened at $30.04 on Friday. West Bancorporation has a 12-month low of $20.81 and a 12-month high of $30.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.33. The business has a 50 day moving average of $29.11 and a 200-day moving average of $26.06. The firm has a market cap of $512.00 million, a PE ratio of 13.47 and a beta of 0.71.
West Bancorporation (NASDAQ:WTBA – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $29.20 million during the quarter, compared to analyst estimates of $28.95 million. West Bancorporation had a return on equity of 15.48% and a net margin of 18.75%. As a group, sell-side analysts expect that West Bancorporation will post 2.55 earnings per share for the current year.
About West Bancorporation
West Bancorporation, Inc (NASDAQ: WTBA) is a bank holding company headquartered in West Des Moines, Iowa. It operates primarily through West Bank, a community banking institution that provides financial services to businesses, individuals and nonprofit organizations.
West Bank offers commercial and consumer lending, including commercial real estate, business, residential real estate and personal loans. Its deposit products include checking, savings, money market and certificate of deposit accounts, while additional services include treasury management, online and mobile banking, cash management and trust or wealth management services.
Founded in 1893, West Bank serves communities primarily in central and eastern Iowa, with a presence in the Des Moines metropolitan area and other Iowa markets.
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