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

Key Points

• West Bancorporation, Inc. announced a quarterly dividend of $0.25 per share, payable on November 19th to stockholders of record by November 5th, reflecting an annualized yield of 4.9%.
• The company reported earnings of $0.55 per share for the last quarter, exceeding analysts' estimates of $0.47, driven by revenue of $25.00 million.
• West Bancorporation has a dividend payout ratio of 44.4%, indicating that its dividend is well-supported by earnings, with expectations of a future payout ratio of 51.3% based on projected earnings.

West Bancorporation, Inc. (NASDAQ:WTBA - Get Free Report) announced a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Wednesday, November 5th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, November 19th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, November 5th.

West Bancorporation has a dividend payout ratio of 44.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect West Bancorporation to earn $1.95 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 51.3%.

West Bancorporation Stock Up 3.4%

Shares of WTBA opened at $20.52 on Friday. The stock has a market capitalization of $347.61 million, a PE ratio of 12.07 and a beta of 0.88. West Bancorporation has a 1 year low of $17.31 and a 1 year high of $24.85. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.96 and a current ratio of 0.96. The company's 50-day simple moving average is $20.00 and its 200-day simple moving average is $19.57.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last released its earnings results on Thursday, October 23rd. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.08. West Bancorporation had a net margin of 14.40% and a return on equity of 12.26%. The firm had revenue of $25.00 million for the quarter, compared to analyst estimates of $24.20 million. Analysts forecast that West Bancorporation will post 1.65 earnings per share for the current fiscal year.

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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