WesBanco (NASDAQ:WSBC) is set to post its quarterly earnings results after the market closes on Monday, January 22nd. Analysts expect WesBanco to post earnings of $0.62 per share for the quarter.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). WesBanco had a net margin of 24.73% and a return on equity of 7.66%. The firm had revenue of $95.15 million for the quarter, compared to the consensus estimate of $98.37 million. During the same quarter last year, the company earned $0.60 earnings per share. On average, analysts expect WesBanco to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of WesBanco (NASDAQ:WSBC) opened at $42.53 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.85. WesBanco has a fifty-two week low of $34.81 and a fifty-two week high of $43.77. The stock has a market cap of $1,836.63, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.00.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, December 7th. WesBanco’s dividend payout ratio (DPR) is 44.44%.
In related news, Director F Eric Nelson, Jr. sold 12,500 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $42.06, for a total value of $525,750.00. Following the completion of the sale, the director now owns 29,717 shares in the company, valued at $1,249,897.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.05% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on WSBC shares. Zacks Investment Research upgraded shares of WesBanco from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Saturday, January 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $41.00 target price on shares of WesBanco in a research note on Tuesday, October 3rd. Boenning Scattergood reiterated a “hold” rating on shares of WesBanco in a research note on Tuesday, January 2nd. Sandler O’Neill cut shares of WesBanco from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, DA Davidson set a $48.00 target price on shares of WesBanco and gave the company a “buy” rating in a research note on Thursday, December 21st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $43.00.
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WesBanco Company Profile
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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