West Bancorporation, Inc. (NASDAQ:WTBA) to Issue Quarterly Dividend of $0.25

West Bancorporation, Inc. (NASDAQ:WTBA) 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.

West Bancorporation (NASDAQ:WTBA) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. West Bancorporation had a return on equity of 9.78% and a net margin of 11.57%. The firm had revenue of $50.97 million during the quarter, compared to analysts’ expectations of $20.00 million. During the same quarter last year, the business posted $0.35 earnings per share. Research analysts anticipate that West Bancorporation will post 1.3 EPS for the current year.

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.

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.