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

West Bancorporation, Inc. (NASDAQ:WTBA) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Wednesday, May 6th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, May 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, May 6th.

West Bancorporation has increased its dividend payment by an average of 0.0%per year over the last three years. West Bancorporation has a dividend payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect West Bancorporation to earn $2.85 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 35.1%.

West Bancorporation Price Performance

Shares of NASDAQ WTBA traded up $0.83 during midday trading on Thursday, reaching $24.48. 44,415 shares of the company were exchanged, compared to its average volume of 41,729. The stock’s 50-day moving average price is $24.27 and its 200-day moving average price is $22.97. The stock has a market cap of $414.72 million, a P/E ratio of 12.82 and a beta of 0.82. West Bancorporation has a one year low of $17.31 and a one year high of $26.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.42.

West Bancorporation (NASDAQ:WTBA) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The company had revenue of $27.01 million for the quarter, compared to the consensus estimate of $28.30 million. West Bancorporation had a return on equity of 14.28% and a net margin of 16.08%. On average, sell-side analysts anticipate that West Bancorporation will post 2.55 earnings per share for the current fiscal year.

West Bancorporation Company Profile

West Bancorporation, Inc is the bank holding company for West Town Bank and Trust, a full-service community bank headquartered in Chicago, Illinois. Through its subsidiary, the company offers a comprehensive suite of commercial and consumer banking products, including deposit accounts, residential and commercial mortgages, business loans and treasury management services. West Bancorporation focuses on delivering personalized financial solutions to small- and medium-sized businesses, real estate developers and individual customers within its urban market.

Since launching operations in 2006, West Town Bank and Trust has steadily expanded its presence across the Chicago metropolitan area.