West Bancorporation, Inc. (NASDAQ:WTBA) Shareholders to Collect $0.26 Quarterly Dividend

Key Points

• West Bancorporation declared a quarterly dividend of $0.26 per share, equal to $1.04 annually and a 3.5% yield. Investors must own shares by November 11 to receive payment on November 25; the ex-dividend date is November 10.
• The dividend appears well covered, with a current payout ratio of 46.2% and an expected future payout ratio of 36.5% based on analysts’ projected earnings.
• West Bancorporation’s latest quarterly results met expectations, with EPS of $0.67 and revenue of $29.20 million versus the $28.95 million estimate. Institutional investors own 44.3% of the company.

West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Wednesday, November 11th will be paid 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 yield of 3.5%. The ex-dividend date is Tuesday, November 10th.

West Bancorporation has a dividend payout ratio of 46.2% indicating that 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 Trading Down 1.4%

WTBA opened at $30.04 on Friday. The stock has a market capitalization of $512.00 million, a price-to-earnings ratio of 13.47 and a beta of 0.71. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.33. West Bancorporation has a twelve month low of $20.81 and a twelve month high of $30.92. The company has a 50-day simple moving average of $29.11 and a 200 day simple moving average of $26.06.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The financial services provider reported $0.67 EPS for the quarter, hitting analysts' consensus estimates of $0.67. The company had revenue of $29.20 million for the quarter, compared to analyst estimates of $28.95 million. West Bancorporation had a net margin of 18.75% and a return on equity of 15.48%. Analysts predict that West Bancorporation will post 2.55 EPS for the current fiscal year.

Institutional Trading of West Bancorporation

Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in shares of West Bancorporation by 83.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,411 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 642 shares during the period. Sequoia Financial Advisors LLC lifted its position in West Bancorporation by 4.2% during the second quarter. Sequoia Financial Advisors LLC now owns 11,186 shares of the financial services provider's stock valued at $297,000 after buying an additional 448 shares during the period. Independent Wealth Network Inc. lifted its position in West Bancorporation by 3.1% during the third quarter. Independent Wealth Network Inc. now owns 15,260 shares of the financial services provider's stock valued at $435,000 after buying an additional 465 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of West Bancorporation by 28.8% during the 1st quarter. Quantinno Capital Management LP now owns 34,480 shares of the financial services provider's stock valued at $820,000 after buying an additional 7,702 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of West Bancorporation by 332.0% in the 2nd quarter. Squarepoint Ops LLC now owns 36,548 shares of the financial services provider's stock worth $970,000 after buying an additional 28,087 shares during the period. 44.30% of the stock is owned by institutional investors.

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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