WesBanco, Inc. (WSBC) To Go Ex-Dividend on March 10th

WesBanco, Inc. (NASDAQ:WSBC) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.37 per share by the financial services provider on Tuesday, April 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Monday, March 10th.

WesBanco has increased its dividend payment by an average of 3.2% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. WesBanco has a payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect WesBanco to earn $3.91 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 37.9%.

WesBanco Stock Performance

Shares of WSBC stock opened at $35.16 on Friday. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 15.70 and a beta of 0.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. WesBanco has a one year low of $25.56 and a one year high of $37.36. The company’s 50-day moving average is $33.89 and its 200 day moving average is $32.83.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. Sell-side analysts expect that WesBanco will post 3.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. DA Davidson increased their price objective on WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $44.00 in a research note on Monday, February 10th. Stephens restated an “equal weight” rating and issued a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. StockNews.com upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Raymond James upgraded WesBanco from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $35.00 to $44.00 in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.83.

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.