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

West Bancorporation, Inc. (NASDAQ:WTBA) announced a quarterly dividend on Thursday, July 25th, Zacks reports. Investors of record on Wednesday, August 7th will be paid 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 4.79%. The ex-dividend date of this dividend is Wednesday, August 7th.

West Bancorporation has raised its dividend by an average of 6.0% per year 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 Performance

Shares of NASDAQ:WTBA opened at $20.89 on Friday. The firm’s 50 day simple moving average is $17.87 and its 200-day simple moving average is $17.80. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.94 and a current ratio of 0.94. West Bancorporation has a one year low of $15.25 and a one year high of $22.39. The firm has a market cap of $351.16 million, a PE ratio of 15.83 and a beta of 0.98.

West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. The company had revenue of $19.05 million for the quarter, compared to the consensus estimate of $18.89 million. West Bancorporation had a return on equity of 10.16% and a net margin of 12.48%. As a group, equities analysts predict that West Bancorporation will post 1.3 EPS for the current year.

West Bancorporation Company Profile

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.