West Bancorporation (WTBA) to Release Quarterly Earnings on Thursday

West Bancorporation (NASDAQ:WTBA) is anticipated to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.40 per share and revenue of $21,420.00 billion for the quarter.

West Bancorporation (NASDAQ:WTBA) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $50.97 million during the quarter, compared to analyst estimates of $20.00 million. West Bancorporation had a return on equity of 9.46% and a net margin of 11.17%. During the same period in the prior year, the company posted $0.35 EPS. On average, analysts expect West Bancorporation to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

West Bancorporation Stock Up 2.6 %

Shares of West Bancorporation stock opened at $21.43 on Thursday. West Bancorporation has a 1-year low of $15.80 and a 1-year high of $24.85. The company has a market capitalization of $360.73 million, a P/E ratio of 16.74 and a beta of 0.98. The business’s fifty day moving average price is $22.82 and its two-hundred day moving average price is $20.65. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.95.

West Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date was Wednesday, November 6th. West Bancorporation’s dividend payout ratio is currently 78.13%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com raised shares of West Bancorporation from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Piper Sandler raised their price objective on shares of West Bancorporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, October 25th.

Insider Activity

In related news, Director Douglas R. Gulling sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $23.61, for a total value of $94,440.00. Following the sale, the director now directly owns 80,709 shares in the company, valued at $1,905,539.49. The trade was a 4.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.48% of the company’s stock.

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.