West Bancorporation, Inc. (NASDAQ:WTBA – Get Free Report) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Wednesday, May 8th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, May 22nd. This represents a $1.00 annualized dividend and a yield of 6.02%. The ex-dividend date is Tuesday, May 7th.
West Bancorporation has raised its dividend by an average of 6.0% annually over the last three years. West Bancorporation has a payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect West Bancorporation to earn $1.55 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 64.5%.
West Bancorporation Stock Down 1.4 %
WTBA stock opened at $16.61 on Friday. West Bancorporation has a twelve month low of $15.04 and a twelve month high of $22.39. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.97. The stock’s 50 day moving average is $17.11 and its 200-day moving average is $18.05. The firm has a market capitalization of $277.89 million, a PE ratio of 11.53 and a beta of 0.91.
Analyst Ratings Changes
Separately, TheStreet downgraded shares of West Bancorporation from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th.
View Our Latest Research Report on West Bancorporation
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.
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