West Bancorporation, Inc. (NASDAQ:WTBA) Plans $0.25 Quarterly Dividend

West Bancorporation, Inc. (NASDAQ:WTBA) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Stockholders of record on Wednesday, February 5th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, February 19th. This represents a $1.00 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Wednesday, February 5th.

West Bancorporation has raised its dividend by an average of 2.1% annually over the last three years. West Bancorporation has a dividend payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect West Bancorporation to earn $1.75 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 57.1%.

West Bancorporation Trading Up 1.1 %

West Bancorporation stock traded up $0.23 during mid-day trading on Friday, hitting $21.46. The company’s stock had a trading volume of 27,458 shares, compared to its average volume of 24,657. West Bancorporation has a 1 year low of $15.80 and a 1 year high of $24.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $361.17 million, a PE ratio of 16.77 and a beta of 0.98. The stock’s fifty day moving average is $22.56 and its two-hundred day moving average is $20.79.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, analysts anticipate that West Bancorporation will post 1.4 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WTBA shares. Piper Sandler boosted their price objective on West Bancorporation from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, October 25th. StockNews.com upgraded shares of West Bancorporation from a “sell” rating to a “hold” rating in a report on Monday, October 28th.

Insider Buying and Selling

In related news, Director Douglas R. Gulling sold 4,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $23.61, for a total value of $94,440.00. Following the transaction, the director now owns 80,709 shares of the company’s stock, valued at $1,905,539.49. This represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.48% of the stock is currently owned by insiders.

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.