West Bancorporation (NASDAQ:WTBA) Announces Quarterly Earnings Results

West Bancorporation (NASDAQ:WTBA) posted its quarterly earnings results on Thursday. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04, RTT News reports. The company had revenue of $50.97 million during the quarter, compared to the consensus estimate of $20.00 million. West Bancorporation had a return on equity of 9.78% and a net margin of 11.57%. During the same period last year, the business earned $0.35 EPS.

West Bancorporation Price Performance

NASDAQ WTBA opened at $20.82 on Friday. The firm has a market cap of $350.07 million, a P/E ratio of 15.77 and a beta of 0.98. The stock’s 50-day moving average is $19.35 and its two-hundred day moving average is $18.31. West Bancorporation has a fifty-two week low of $15.80 and a fifty-two week high of $22.39. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95.

West Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.80%. The ex-dividend date is Wednesday, November 6th. West Bancorporation’s payout ratio is 75.76%.

Analyst Ratings Changes

Separately, Piper Sandler raised their price objective on shares of West Bancorporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday.

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.