WesBanco (NASDAQ:WSBC – Get Free Report) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03, Briefing.com reports. WesBanco had a net margin of 15.22% and a return on equity of 5.90%. The company had revenue of $243.34 million during the quarter, compared to analysts’ expectations of $152.40 million. During the same period last year, the company posted $0.59 EPS.
WesBanco Stock Performance
Shares of NASDAQ:WSBC traded down $0.07 during mid-day trading on Friday, reaching $30.29. 328,220 shares of the company traded hands, compared to its average volume of 237,419. The company’s 50 day moving average price is $30.62 and its 200-day moving average price is $29.29. The firm has a market cap of $2.03 billion, a PE ratio of 14.22 and a beta of 0.82. WesBanco has a 52 week low of $23.04 and a 52 week high of $34.85. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.94.
WesBanco Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Friday, September 6th. WesBanco’s payout ratio is 67.61%.
Insider Buying and Selling at WesBanco
Wall Street Analyst Weigh In
A number of research firms have recently commented on WSBC. Stephens increased their target price on WesBanco from $27.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. DA Davidson raised their price objective on shares of WesBanco from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $35.00 target price on shares of WesBanco in a research note on Monday, September 9th. Hovde Group increased their price target on shares of WesBanco from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of WesBanco from $30.00 to $34.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.71.
View Our Latest Stock Analysis on WSBC
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.
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