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

West Bancorporation, Inc. (NASDAQ:WTBAGet Free Report) announced a quarterly dividend on Wednesday, January 24th, Zacks reports. Investors of record on Wednesday, February 7th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, February 21st. This represents a $1.00 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Tuesday, February 6th.

West Bancorporation has increased its dividend payment 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. 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 Price Performance

Shares of NASDAQ:WTBA opened at $18.17 on Monday. The firm’s 50 day moving average is $19.99 and its two-hundred day moving average is $18.49. West Bancorporation has a 52 week low of $15.04 and a 52 week high of $22.49. The firm has a market capitalization of $303.98 million, a P/E ratio of 12.62 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.17.

Institutional Investors Weigh In On West Bancorporation

Several large investors have recently made changes to their positions in the company. Captrust Financial Advisors boosted its holdings in shares of West Bancorporation by 938.6% in the first quarter. Captrust Financial Advisors now owns 1,049 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 948 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of West Bancorporation by 253.5% in the third quarter. Tower Research Capital LLC TRC now owns 2,793 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 2,003 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its holdings in shares of West Bancorporation by 60.3% in the first quarter. BNP Paribas Arbitrage SNC now owns 3,502 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 1,318 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of West Bancorporation by 68.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,971 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 1,611 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of West Bancorporation by 193.0% in the fourth quarter. Barclays PLC now owns 4,351 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 2,866 shares in the last quarter. Institutional investors and hedge funds own 43.77% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of West Bancorporation from a “c” rating to a “b-” rating in a research note on Friday, December 22nd.

View Our Latest Analysis on WTBA

West Bancorporation Company Profile

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West Bancorporation, Inc operates as the financial holding company for West Bank that 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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Dividend History for West Bancorporation (NASDAQ:WTBA)

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