WesBanco (NASDAQ:WSBC) Announces Earnings Results

WesBanco (NASDAQ:WSBC) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56, Briefing.com reports. The business had revenue of $225.96 million for the quarter, compared to analysts’ expectations of $147.81 million. WesBanco had a net margin of 19.11% and a return on equity of 6.94%. During the same quarter in the prior year, the firm posted $0.71 earnings per share.

WesBanco Stock Down 2.1 %

Shares of WSBC traded down $0.61 on Wednesday, reaching $28.39. The company’s stock had a trading volume of 16,941 shares, compared to its average volume of 199,348. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. WesBanco has a twelve month low of $19.84 and a twelve month high of $32.20. The stock has a market capitalization of $1.69 billion, a PE ratio of 11.27 and a beta of 0.86. The firm has a fifty day moving average of $28.64 and a 200-day moving average of $28.23.

WesBanco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.07%. WesBanco’s dividend payout ratio is presently 57.37%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WSBC. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 price objective on shares of WesBanco in a research report on Tuesday, April 9th. Raymond James raised shares of WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, WesBanco currently has a consensus rating of “Hold” and a consensus target price of $30.75.

About WesBanco

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.