West Bancorporation, Inc. (WTBA) to Distribute Quarterly Dividend of $0.26 on November 25th

West Bancorporation, Inc. (NASDAQ:WTBA) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $0.26 per share by the financial services provider on Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, November 10th.

West Bancorporation has a dividend payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. 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 $1.04 annual dividend with an expected future payout ratio of 36.5%.

West Bancorporation Stock Down 0.6%

Shares of NASDAQ WTBA opened at $30.53 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $520.35 million, a P/E ratio of 12.99 and a beta of 0.70. West Bancorporation has a 1 year low of $20.89 and a 1 year high of $31.85. The firm has a 50-day simple moving average of $29.37 and a two-hundred day simple moving average of $26.31.

West Bancorporation (NASDAQ:WTBA) last released its earnings results on Thursday, October 29th. The financial services provider reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. West Bancorporation had a return on equity of 16.09% and a net margin of 19.83%. The firm had revenue of $29.20 million for the quarter, compared to analysts’ expectations of $28.95 million. Research analysts anticipate that West Bancorporation will post 2.61 earnings per share for the current year.

Insider Buying and Selling at West Bancorporation

In related news, Director Steven K. Gaer sold 6,215 shares of West Bancorporation stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $31.13, for a total value of $193,472.95. Following the completion of the sale, the director directly owned 19,236 shares in the company, valued at $598,816.68. The trade was a 24.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its holdings in shares of West Bancorporation by 83.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,411 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 642 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of West Bancorporation by 4.2% during the second quarter. Sequoia Financial Advisors LLC now owns 11,186 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 448 shares in the last quarter. Independent Wealth Network Inc. boosted its stake in shares of West Bancorporation by 3.1% during the third quarter. Independent Wealth Network Inc. now owns 15,260 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 465 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of West Bancorporation by 28.8% during the first quarter. Quantinno Capital Management LP now owns 34,480 shares of the financial services provider’s stock valued at $820,000 after purchasing an additional 7,702 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of West Bancorporation by 332.0% during the second quarter. Squarepoint Ops LLC now owns 36,548 shares of the financial services provider’s stock valued at $970,000 after purchasing an additional 28,087 shares in the last quarter. 44.30% of the stock is currently owned by institutional investors.

West Bancorporation Company Profile

West Bancorporation, Inc (NASDAQ: WTBA) is a bank holding company headquartered in West Des Moines, Iowa. It operates primarily through West Bank, a community banking institution that provides financial services to businesses, individuals and nonprofit organizations.

West Bank offers commercial and consumer lending, including commercial real estate, business, residential real estate and personal loans. Its deposit products include checking, savings, money market and certificate of deposit accounts, while additional services include treasury management, online and mobile banking, cash management and trust or wealth management services.

Founded in 1893, West Bank serves communities primarily in central and eastern Iowa, with a presence in the Des Moines metropolitan area and other Iowa markets.