West Bancorporation, Inc. (WTBA) To Go Ex-Dividend on August 7th

West Bancorporation, Inc. (NASDAQ:WTBA) 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.

West Bancorporation (NASDAQ:WTBA) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. The firm had revenue of $19.05 million for the quarter, compared to analysts’ expectations of $18.89 million. West Bancorporation had a return on equity of 10.16% and a net margin of 12.48%. As a group, sell-side analysts forecast that West Bancorporation will post 1.3 earnings per share for the current year.

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.