West Bancorporation, Inc. (NASDAQ:WTBA – Get Free Report) declared a quarterly dividend on Wednesday, July 24th, Zacks reports. Shareholders of record on Wednesday, August 7th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, August 21st. This represents a $1.00 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Wednesday, August 7th.
West Bancorporation has raised its dividend payment by an average of 6.0% per year over the last three years. West Bancorporation has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Down 1.1 %
Shares of NASDAQ:WTBA traded down $0.24 during midday trading on Friday, reaching $20.65. 73,148 shares of the company were exchanged, compared to its average volume of 26,967. The firm has a market cap of $347.13 million, a PE ratio of 15.87 and a beta of 0.98. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.97. West Bancorporation has a fifty-two week low of $15.25 and a fifty-two week high of $22.39. The stock has a fifty day simple moving average of $17.87 and a two-hundred day simple moving average of $17.80.
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.
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