WesBanco (WSBC) Announces Quarterly Earnings Results

WesBanco (NASDAQ:WSBC) issued its quarterly earnings data on Monday. The financial services provider reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04, Bloomberg Earnings reports. WesBanco had a net margin of 24.73% and a return on equity of 7.66%. During the same period last year, the firm earned $0.59 earnings per share.

WesBanco (WSBC) traded down $0.71 during mid-day trading on Tuesday, hitting $41.82. 151,000 shares of the stock traded hands, compared to its average volume of 100,964. WesBanco has a 1 year low of $34.81 and a 1 year high of $43.77. The stock has a market capitalization of $1,872.73, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.85.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.04 annualized dividend and a dividend yield of 2.49%. WesBanco’s payout ratio is 44.44%.

WSBC has been the subject of several research analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $41.00 price objective on shares of WesBanco in a report on Tuesday, October 3rd. Sandler O’Neill lowered shares of WesBanco from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Zacks Investment Research upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. B. Riley set a $40.00 price objective on shares of WesBanco and gave the stock a “hold” rating in a report on Tuesday, November 14th. Finally, Boenning Scattergood restated a “hold” rating on shares of WesBanco in a report on Tuesday, November 14th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. WesBanco currently has an average rating of “Hold” and a consensus price target of $43.00.

In other news, Director F Eric Nelson, Jr. sold 12,500 shares of WesBanco stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $42.06, for a total transaction of $525,750.00. Following the completion of the transaction, the director now directly owns 29,717 shares in the company, valued at $1,249,897.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.05% of the stock is currently owned by company 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.

Earnings History for WesBanco (NASDAQ:WSBC)

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