West Bancorporation, Inc. (NASDAQ:WTBA) Shares Will Pay Quarterly Dividend of $0.26

West Bancorporation, Inc. (NASDAQ:WTBA) announced a quarterly dividend on Wednesday, October 28th. Stockholders 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 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. Equities 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 Down 1.4%

Shares of NASDAQ:WTBA opened at $30.04 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.33. The stock has a fifty day simple moving average of $29.11 and a two-hundred day simple moving average of $26.06. West Bancorporation has a 12-month low of $20.81 and a 12-month high of $30.92. The stock has a market capitalization of $512.00 million, a price-to-earnings ratio of 13.47 and a beta of 0.71.

West Bancorporation (NASDAQ:WTBA) last released its 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 firm had revenue of $29.20 million for the quarter, compared to analysts’ expectations of $28.95 million. West Bancorporation had a return on equity of 15.48% and a net margin of 18.75%. On average, research analysts anticipate that West Bancorporation will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Hovde Group lifted their target price on shares of West Bancorporation from $25.50 to $28.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Weiss Ratings upgraded shares of West Bancorporation from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Piper Sandler upped their price objective on West Bancorporation from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Wall Street Zen lowered West Bancorporation from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $29.00.

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.