WesBanco, Inc. (NASDAQ:WSBC) will release its earnings data after the market closes on Wednesday, July 19th. Analysts expect WesBanco to post earnings of $0.61 per share for the quarter.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. WesBanco had a return on equity of 7.57% and a net margin of 23.39%. The firm had revenue of $93.60 million for the quarter, compared to the consensus estimate of $94.82 million. During the same quarter in the prior year, the business earned $0.60 EPS. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, analysts expect WesBanco to post $2.49 EPS for the current fiscal year and $2.75 EPS for the next fiscal year.
WesBanco, Inc. (NASDAQ WSBC) opened at 39.88 on Tuesday. The firm has a market cap of $1.75 billion, a P/E ratio of 18.48 and a beta of 0.94. WesBanco, Inc. has a 12-month low of $30.46 and a 12-month high of $44.19. The firm’s 50-day moving average price is $38.55 and its 200 day moving average price is $39.89.
The business also recently announced a quarterly dividend, which was paid on Saturday, July 1st. Shareholders of record on Friday, June 9th were given a $0.26 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $1.04 dividend on an annualized basis and a yield of 2.61%. WesBanco’s dividend payout ratio is currently 48.15%.
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In other news, EVP Brent E. Richmond sold 5,000 shares of WesBanco stock in a transaction on Monday, April 24th. The shares were sold at an average price of $40.86, for a total transaction of $204,300.00. Following the transaction, the executive vice president now owns 23,302 shares in the company, valued at $952,119.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gregory A. Dugan sold 8,000 shares of WesBanco stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $40.72, for a total transaction of $325,760.00. Following the transaction, the executive vice president now owns 13,051 shares in the company, valued at approximately $531,436.72. The disclosure for this sale can be found here. 4.05% of the stock is currently owned by insiders.
WSBC has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of WesBanco from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods set a $42.00 target price on shares of WesBanco and gave the company a “hold” rating in a research report on Monday, April 10th. Sandler O’Neill upgraded shares of WesBanco from a “hold” rating to a “buy” rating in a research report on Wednesday, March 29th. BidaskClub lowered shares of WesBanco from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, DA Davidson upgraded shares of WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.20.
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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