WesBanco, Inc. (WSBC) to Issue Quarterly Dividend of $0.26 on January 2nd

WesBanco, Inc. (NASDAQ:WSBC) declared a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Shareholders of record on Friday, December 8th will be given a dividend of 0.26 per share by the financial services provider on Tuesday, January 2nd. This represents a $1.04 annualized dividend and a yield of 2.51%. The ex-dividend date is Thursday, December 7th.

WesBanco (NASDAQ:WSBC) opened at $41.51 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89. WesBanco has a 52-week low of $34.81 and a 52-week high of $44.19. The stock has a market capitalization of $1,868.77, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00.

WesBanco (NASDAQ:WSBC) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03). WesBanco had a return on equity of 7.66% and a net margin of 24.73%. The business had revenue of $95.15 million for the quarter, compared to analyst estimates of $98.37 million. During the same quarter in the previous year, the firm posted $0.60 EPS. sell-side analysts forecast that WesBanco will post 2.41 earnings per share for the current fiscal year.

WSBC has been the topic of a number of research reports. Zacks Investment Research upgraded WesBanco from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. Boenning Scattergood restated a “hold” rating on shares of WesBanco in a report on Friday, October 20th. FBR & Co set a $40.00 price target on WesBanco and gave the stock a “hold” rating in a report on Friday, October 20th. DA Davidson set a $47.00 price target on WesBanco and gave the stock a “buy” rating in a report on Friday, October 20th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $41.00 price target on shares of WesBanco in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. WesBanco has an average rating of “Hold” and an average target price of $42.00.

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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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