WesBanco (WSBC) Earning Somewhat Favorable Press Coverage, Report Finds
News articles about WesBanco (NASDAQ:WSBC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WesBanco earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.0699133648172 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of research firms recently commented on WSBC. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $41.00 price target on shares of WesBanco in a report on Tuesday, October 3rd. BidaskClub lowered shares of WesBanco from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of WesBanco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, FBR & Co lowered their price target on shares of WesBanco from $44.00 to $40.00 and set a “mkt perform” rating for the company in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $41.00.
Shares of WesBanco (NASDAQ:WSBC) traded down 0.49% on Wednesday, reaching $42.26. 18,265 shares of the company’s stock were exchanged. The company’s 50 day moving average is $38.89 and its 200-day moving average is $38.66. WesBanco has a one year low of $32.06 and a one year high of $44.19. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 19.39 and a beta of 0.96.
WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The company had revenue of $94.26 million during the quarter, compared to the consensus estimate of $96.70 million. WesBanco had a return on equity of 7.55% and a net margin of 23.44%. During the same quarter in the prior year, the business earned $0.58 earnings per share. On average, analysts anticipate that WesBanco will post $2.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.04 annualized dividend and a dividend yield of 2.45%. WesBanco’s dividend payout ratio (DPR) is 47.71%.
In other news, EVP Brent E. Richmond sold 1,440 shares of WesBanco stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $36.83, for a total transaction of $53,035.20. Following the completion of the sale, the executive vice president now directly owns 22,701 shares in the company, valued at $836,077.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.05% of the stock is currently owned by company insiders.
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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