WesBanco, Inc. (NASDAQ:WSBC) is set to announce its earnings results after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.
WesBanco (NASDAQ:WSBC) last posted its earnings results on Tuesday, April 18th. The financial services provider reported $0.60 EPS for the quarter, meeting 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 analysts’ expectations of $94.82 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue 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.
Shares of WesBanco, Inc. (WSBC) opened at 39.88 on Tuesday. WesBanco, Inc. has a 52-week low of $30.46 and a 52-week high of $44.19. The company has a 50-day moving average price of $38.55 and a 200 day moving average price of $39.89. The firm has a market capitalization of $1.75 billion, a PE ratio of 18.48 and a beta of 0.94.
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 1st. Stockholders of record on Friday, June 9th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Wednesday, June 7th. WesBanco’s payout ratio is currently 48.15%.
WSBC has been the topic of several recent analyst reports. Sandler O’Neill raised WesBanco from a “hold” rating to a “buy” rating in a report on Wednesday, March 29th. Zacks Investment Research raised WesBanco from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, March 29th. Stephens reissued an “overweight” rating on shares of WesBanco in a report on Tuesday, April 11th. Keefe, Bruyette & Woods set a $42.00 target price on WesBanco and gave the stock a “hold” rating in a report on Monday, April 10th. Finally, DA Davidson raised WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $40.20.
In other WesBanco news, EVP Brent E. Richmond sold 5,000 shares of the company’s stock in a transaction on Monday, April 24th. The stock was 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 of the company’s stock, valued at approximately $952,119.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gregory A. Dugan sold 8,000 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $40.72, for a total value of $325,760.00. Following the transaction, the executive vice president now directly 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 corporate insiders.
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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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