West Bancorporation, Inc. (WTBA) To Go Ex-Dividend on August 5th

West Bancorporation, Inc. (NASDAQ:WTBA) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Wednesday, August 5th will be given a dividend of 0.26 per share by the financial services provider on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, August 5th. This is a 4.0% increase from West Bancorporation’s previous quarterly dividend of $0.25.

West Bancorporation has raised its dividend payment by an average of 0.0%per year over the last three years. West Bancorporation has a payout ratio of 46.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect West Bancorporation to earn $2.85 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 36.5%.

West Bancorporation Price Performance

Shares of NASDAQ WTBA opened at $28.05 on Monday. The business’s 50 day moving average price is $25.83 and its two-hundred day moving average price is $24.70. The company has a market cap of $477.97 million, a PE ratio of 12.58 and a beta of 0.71. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.33. West Bancorporation has a twelve month low of $17.31 and a twelve month high of $28.44.

West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. West Bancorporation had a return on equity of 15.48% and a net margin of 18.75%.The firm had revenue of $28.22 million for the quarter, compared to analyst estimates of $28.15 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. On average, analysts predict that West Bancorporation will post 2.59 EPS for the current 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.