WesBanco Inc (NASDAQ:WSBC) declared a quarterly dividend on Thursday, November 29th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.29 per share by the financial services provider on Wednesday, January 2nd. This represents a $1.16 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Thursday, December 13th.
WesBanco has raised its dividend payment by an average of 5.9% annually over the last three years and has increased its dividend every year for the last 7 years. WesBanco has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect WesBanco to earn $3.29 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 35.3%.
Shares of WesBanco stock opened at $40.44 on Friday. WesBanco has a one year low of $37.29 and a one year high of $51.12. The stock has a market capitalization of $2.21 billion, a P/E ratio of 13.38, a PEG ratio of 1.29 and a beta of 1.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.87 and a quick ratio of 0.86.
WesBanco (NASDAQ:WSBC) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.14). WesBanco had a net margin of 24.22% and a return on equity of 9.04%. The firm had revenue of $116.16 million during the quarter, compared to the consensus estimate of $109.07 million. During the same period in the previous year, the firm earned $0.60 earnings per share. Analysts expect that WesBanco will post 3.14 EPS for the current fiscal year.
In other WesBanco news, EVP Brent E. Richmond sold 4,006 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $45.60, for a total transaction of $182,673.60. Following the completion of the sale, the executive vice president now directly owns 19,635 shares of the company’s stock, valued at approximately $895,356. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.14% of the company’s stock.
A number of analysts recently commented on WSBC shares. BidaskClub lowered WesBanco from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a research report on Friday, September 14th. ValuEngine lowered WesBanco from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Zacks Investment Research lowered WesBanco from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research report on Saturday, November 17th. Finally, B. Riley set a $45.00 target price on WesBanco and gave the company a “hold” rating in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. WesBanco has a consensus rating of “Hold” and an average target price of $47.25.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/12/08/wesbanco-inc-wsbc-to-go-ex-dividend-on-december-13th.html.
WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.
See Also: What is the balance sheet?
Receive News & Ratings for WesBanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WesBanco and related companies with MarketBeat.com's FREE daily email newsletter.