West Bancorporation (NASDAQ:WTBA) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

West Bancorporation (NASDAQ:WTBA) issued its quarterly earnings results on Thursday. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01), Zacks reports. West Bancorporation had a net margin of 11.57% and a return on equity of 9.85%. The company had revenue of $49.91 million during the quarter, compared to the consensus estimate of $19.29 million. During the same quarter last year, the firm posted $0.35 earnings per share.

West Bancorporation Price Performance

WTBA traded down $0.24 during trading on Friday, hitting $20.65. 73,148 shares of the stock traded hands, compared to its average volume of 39,224. West Bancorporation has a twelve month low of $15.25 and a twelve month high of $22.39. The company has a market cap of $347.13 million, a price-to-earnings ratio of 15.64 and a beta of 0.98. 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 business has a 50 day moving average price of $17.92 and a 200 day moving average price of $17.80.

West Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 7th. This represents a $1.00 annualized dividend and a yield of 4.84%. West Bancorporation’s dividend payout ratio is currently 75.76%.

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.