West Bancorporation (NASDAQ:WTBA) Announces Earnings Results

West Bancorporation (NASDAQ:WTBA) issued its quarterly earnings results on Thursday. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04, RTT News reports. The firm had revenue of $50.97 million during the quarter, compared to the consensus estimate of $20.00 million. West Bancorporation had a return on equity of 9.78% and a net margin of 11.57%. During the same period last year, the business posted $0.35 EPS.

West Bancorporation Trading Up 0.7 %

NASDAQ:WTBA opened at $20.82 on Friday. West Bancorporation has a 12 month low of $15.80 and a 12 month high of $22.39. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $350.07 million, a price-to-earnings ratio of 15.77 and a beta of 0.98. The firm has a fifty day simple moving average of $19.35 and a two-hundred day simple moving average of $18.30.

West Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.80%. West Bancorporation’s payout ratio is presently 75.76%.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on West Bancorporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday.

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.