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 payment by an average of 6.0% annually over the last three years. West Bancorporation has a dividend 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 Trading Down 1.4 %
Shares of WTBA stock opened at $16.61 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $277.89 million, a PE ratio of 11.53 and a beta of 0.91. The company has a 50-day moving average of $17.11 and a two-hundred day moving average of $18.05. West Bancorporation has a 1-year low of $15.04 and a 1-year high of $22.39.
Analyst Ratings Changes
Separately, TheStreet lowered shares of West Bancorporation from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th.
Get Our Latest Research Report on WTBA
About West Bancorporation
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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