West Bancorporation, Inc.
WTBAFinancial Services · Stock · quarterly payer
Forward Yield
3.54%
Annual Dividend
$1.04
Payout Ratio
44%
5-Yr Growth
3.5%
Ex-Date
Aug 5, 2026
Frequency
Quarterly
Summary
As of September 2026, West Bancorporation, Inc. (WTBA) yields 3.54% ($1.04 per share annually), with a blended fair-value estimate of $64.52 — +120% upside, so it screens as undervalued. Dividend safety grade: A (83/100).
Is WTBA a good dividend stock?
YesWest Bancorporation, Inc. (WTBA) pays a quarterly dividend yielding 3.54% ($1.04/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (44%)
- Top-tier dividend safety score
Risks
- Cut its dividend in 2011
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.54%
- Payout Ratio
- 44%
- Annual Dividend
- $1.04
- 5-Yr Avg Growth
- 3.5%
- Ex-Dividend Date
- Aug 5, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.69
- Market Cap
- $498.0M
- P/E Ratio
- 13.0
- 5-Yr Total Return
- -8%
- 52-Week Range
- $19.03 – $30.33
- Dividend Safety
- A · 83/100
- Ever Cut?
- Yes (2011)
Frequently Asked Questions
WTBA Price — Last 12 Months
Daily close
Price Return
1 Year
+38%
3 Years
+78%
5 Years
-8%
52-Week Range
$19.03 – $30.33
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WTBA worth?
Undervaluedlow confidenceOur blended fair-value estimate for West Bancorporation, Inc. is $64.52 per share, versus a market price of $29.27. That implies 120% of upside — a margin of safety of about 55%.
Fair Value
$64.52
Current Price
$29.27
Upside
+120%
Margin of Safety
55%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.7% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $2.25 EPS, $1.04 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WTBA Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 5, 2026 | — | $0.2600 | regular |
| May 6, 2026 | — | $0.2500 | regular |
| Feb 11, 2026 | — | $0.2500 | regular |
| Nov 5, 2025 | — | $0.2500 | regular |
| Aug 6, 2025 | — | $0.2500 | regular |
| May 7, 2025 | — | $0.2500 | regular |
| Feb 5, 2025 | — | $0.2500 | regular |
| Nov 6, 2024 | — | $0.2500 | regular |
| Aug 7, 2024 | — | $0.2500 | regular |
| May 7, 2024 | — | $0.2500 | regular |
| Feb 6, 2024 | — | $0.2500 | regular |
| Nov 7, 2023 | — | $0.2500 | regular |
| Aug 8, 2023 | — | $0.2500 | regular |
| May 9, 2023 | — | $0.2500 | regular |
Income Calculator
At $1.04 / yr per share
