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 Price Performance

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. West Bancorporation has a 1 year low of $20.81 and a 1 year high of $30.92. The company has a market cap of $512.00 million, a PE ratio of 13.47 and a beta of 0.71. The stock’s 50-day moving average price is $29.11 and its two-hundred day moving average price is $26.06.

West Bancorporation (NASDAQ:WTBA) last released its earnings results on Thursday, October 29th. The financial services provider reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. West Bancorporation had a net margin of 18.75% and a return on equity of 15.48%. The business had revenue of $29.20 million for the quarter, compared to the consensus estimate of $28.95 million. On average, analysts predict that West Bancorporation will post 2.55 EPS for the current year.

West Bancorporation Company Profile

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.