WesBanco Inc (WSBC) Increases Dividend to $0.29 Per Share

WesBanco Inc (NASDAQ:WSBC) declared a quarterly dividend on Friday, February 23rd, Wall Street Journal reports. Stockholders of record on Friday, March 9th will be given a dividend of 0.29 per share by the financial services provider on Monday, April 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Thursday, March 8th. This is an increase from WesBanco’s previous quarterly dividend of $0.26.

WesBanco (NASDAQ:WSBC) opened at $42.37 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.89 and a quick ratio of 0.89. WesBanco has a 1 year low of $34.81 and a 1 year high of $43.25. The company has a market cap of $1,844.09, a P/E ratio of 17.02, a PEG ratio of 1.43 and a beta of 0.96.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. WesBanco had a net margin of 22.43% and a return on equity of 7.83%. The company had revenue of $96.12 million during the quarter, compared to analyst estimates of $98.48 million. During the same period last year, the business earned $0.59 earnings per share. analysts predict that WesBanco will post 2.92 EPS for the current fiscal year.

WSBC has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of WesBanco from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. BidaskClub lowered shares of WesBanco from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. DA Davidson set a $48.00 price objective on shares of WesBanco and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, Boenning Scattergood restated a “hold” rating on shares of WesBanco in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $43.00.

In other WesBanco news, Director F Eric Nelson, Jr. sold 12,500 shares of WesBanco stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $42.06, for a total transaction of $525,750.00. Following the completion of the sale, the director now directly owns 29,717 shares in the company, valued at $1,249,897.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Denise H. Knouse-Snyder bought 1,575 shares of the company’s stock in a transaction on Monday, January 29th. The shares were bought at an average price of $41.44 per share, with a total value of $65,268.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $82,880. The disclosure for this purchase can be found here. Insiders own 4.05% of the company’s stock.

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About WesBanco

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.

Dividend History for WesBanco (NASDAQ:WSBC)

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