WesBanco, Inc. (NASDAQ:WSBC) Set to Announce Earnings on Wednesday
WesBanco, Inc. (NASDAQ:WSBC) is scheduled to be issuing its quarterly earnings data 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 quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $93.60 million during the quarter, compared to analysts’ expectations of $94.82 million. WesBanco had a net margin of 23.39% and a return on equity of 7.57%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. On average, analysts expect WesBanco to post $2.5 EPS for the current fiscal year and $2.68 EPS for the next fiscal year.
WesBanco, Inc. (NASDAQ WSBC) opened at 39.79 on Monday. The stock has a market capitalization of $1.75 billion, a PE ratio of 18.44 and a beta of 0.94. The company’s 50-day moving average is $38.55 and its 200 day moving average is $39.89. WesBanco, Inc. has a 12-month low of $30.46 and a 12-month high of $44.19.
The company also recently announced a quarterly dividend, which was paid on Saturday, July 1st. Shareholders of record on Friday, June 9th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Wednesday, June 7th. WesBanco’s payout ratio is 48.15%.
In related news, EVP Gregory A. Dugan sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $40.72, for a total value of $325,760.00. Following the sale, the executive vice president now directly owns 13,051 shares in the company, valued at approximately $531,436.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent E. Richmond sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 23,302 shares in the company, valued at $952,119.72. The disclosure for this sale can be found here. 4.05% of the stock is owned by insiders.
A number of research firms have issued reports on WSBC. Zacks Investment Research lowered shares of WesBanco from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods set a $42.00 target price on shares of WesBanco and gave the company a “hold” rating in a research note on Monday, April 10th. Sandler O’Neill raised shares of WesBanco from a “hold” rating to a “buy” rating in a research note on Wednesday, March 29th. BidaskClub raised shares of WesBanco from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Finally, ValuEngine raised shares of WesBanco from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. WesBanco has a consensus rating of “Buy” and a consensus target price of $40.20.
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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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