West Bancorporation Q2 net income rises, dividend hits record
WTBA•Outlook
- Company did not provide specific guidance or outlook for future quarters or the full year in its press release
Overview
- US community bank's Q2 net income and EPS rose yr/yr and sequentially
- Company raised quarterly dividend to record high
- Net interest income and margin improved, driven by lower deposit costs and higher loan yields
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 EPS | $0.64 | ||
| Q2 Net Income | $11.10 mln | ||
| Q2 Net Interest Income | $25.50 mln | ||
| Q2 Adjusted Net Interest Margin | 2.69% | ||
| Q2 Dividend | $0.26 |
Analyst coverage
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the banks peer group is "buy"
- Wall Street's median 12-month price target for West Bancorporation Inc is $26.25, about 1.4% below its July 22 closing price of $26.62
- The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago
