Somewhat Positive Press Coverage Somewhat Unlikely to Impact WesBanco (WSBC) Stock Price
News coverage about WesBanco (NASDAQ:WSBC) has trended somewhat positive on Thursday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WesBanco earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.0363508943819 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Hollaender® Manufacturing’s Interna-Rail® VUE Chosen for Clear Sight Lines and Low Maintenance Requirements at WesBanco Arena (prweb.com)
- Reviewing WesBanco (WSBC) and Its Peers (americanbankingnews.com)
- WesBanco, Inc. breached its 50 day moving average in a Bullish Manner : WSBC-US : December 18, 2017 (finance.yahoo.com)
- Comparing WesBanco (WSBC) and Its Rivals (americanbankingnews.com)
- WesBanco Inc (WSBC) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
Several research analysts have commented on WSBC shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $41.00 price target on shares of WesBanco in a research note on Tuesday, October 3rd. Sandler O’Neill downgraded shares of WesBanco from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of WesBanco from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. B. Riley set a $40.00 target price on shares of WesBanco and gave the stock a “hold” rating in a report on Tuesday, November 14th. Finally, Boenning Scattergood restated a “hold” rating on shares of WesBanco in a report on Tuesday, November 14th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.00.
WesBanco (NASDAQ:WSBC) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $95.15 million during the quarter, compared to the consensus estimate of $98.37 million. During the same quarter in the prior year, the business posted $0.60 EPS. research analysts forecast that WesBanco will post 2.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Thursday, December 7th. WesBanco’s dividend payout ratio is 44.44%.
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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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