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

West Bancorporation, Inc. (NASDAQ:WTBA) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Wednesday, May 8th will be given 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 6.02%. The ex-dividend date is Tuesday, May 7th.

West Bancorporation has raised its dividend by an average of 6.0% annually over the last three years. West Bancorporation has a payout ratio of 64.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect West Bancorporation to earn $1.55 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 64.5%.

West Bancorporation Price Performance

Shares of NASDAQ:WTBA opened at $16.61 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a fifty day moving average price of $17.11 and a 200 day moving average price of $18.05. West Bancorporation has a fifty-two week low of $15.04 and a fifty-two week high of $22.39. The firm has a market cap of $277.89 million, a price-to-earnings ratio of 11.53 and a beta of 0.91.

West Bancorporation (NASDAQ:WTBA) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). West Bancorporation had a return on equity of 11.19% and a net margin of 14.17%. The company had revenue of $18.26 million for the quarter, compared to the consensus estimate of $18.82 million. As a group, sell-side analysts expect that West Bancorporation will post 1.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, TheStreet lowered shares of West Bancorporation from a “b-” rating to a “c+” rating in a research report 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.