West Bancorporation, Inc. (NASDAQ:WTBA – Get Free Report) announced a quarterly dividend on Wednesday, October 23rd, Wall Street Journal reports. Stockholders 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 is Wednesday, November 6th.
West Bancorporation has increased its dividend by an average of 6.0% per year over the last three years. West Bancorporation has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. 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 Up 0.7 %
Shares of NASDAQ WTBA traded up $0.14 during mid-day trading on Friday, hitting $20.82. 37,170 shares of the stock traded hands, compared to its average volume of 27,240. West Bancorporation has a 52 week low of $15.80 and a 52 week high of $22.39. The company has a market cap of $350.07 million, a price-to-earnings ratio of 16.14 and a beta of 0.98. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average price of $19.31 and a 200-day moving average price of $18.28.
Wall Street Analyst Weigh In
Separately, Piper Sandler upped their target price on West Bancorporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday.
Read Our Latest Stock Report on WTBA
West Bancorporation Company Profile
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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