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

West Bancorporation, Inc. (NASDAQ:WTBA) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Wednesday, May 8th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date is Tuesday, May 7th.

West Bancorporation has raised its dividend payment by an average of 6.0% annually over the last three years. West Bancorporation has a payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities 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 0.6 %

Shares of WTBA stock opened at $17.28 on Monday. The company’s fifty day simple moving average is $17.01 and its two-hundred day simple moving average is $18.12. West Bancorporation has a 52 week low of $15.04 and a 52 week high of $22.39. The stock has a market cap of $290.48 million, a P/E ratio of 13.09 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.97.

Wall Street Analyst Weigh In

Separately, TheStreet lowered West Bancorporation from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th.

About West Bancorporation

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.