WesBanco, Inc. (NASDAQ: WSBC) declared a quarterly dividend on Wednesday, November 17, Zacks reports. Shareholders of record on Friday December 10 will receive a dividend of 0.33 per share from the financial services provider on Monday January 3. This represents an annualized dividend of $ 1.32 and a return of 3.76%. The ex-dividend date is Thursday, December 9.
WesBanco has increased its dividend by 23.1% over the past three years and has increased its dividend annually for the past 11 consecutive years. WesBanco has a payout ratio of 52.6%, which indicates that its dividend is sufficiently covered by earnings. Equity research analysts expect WesBanco to earn $ 2.48 per share next year, which means the company should continue to be able to hedge its annual dividend of $ 1.32 with an expected future payout rate of 53.2%.
WSBC shares opened at $ 35.10 on Friday. The company has a debt ratio of 0.15, a quick ratio of 0.83, and a current ratio of 0.81. The company has a market cap of $ 2.22 billion, a P / E ratio of 10.17 and a beta of 1.05. WesBanco has a 52-week low of $ 27.08 and a 52-week high of $ 39.87. The company has a 50-day moving average of $ 34.80 and a 200-day moving average of $ 35.30.
WesBanco (NASDAQ: WSBC) last released its quarterly results on Tuesday, October 26. The financial services provider reported earnings per share (EPS) of $ 0.70 for the quarter, missing Zacks’ consensus estimate of $ 0.77 of ($ 0.07). The company posted revenue of $ 148.03 million for the quarter, compared to a consensus estimate of $ 146.23 million. WesBanco had a net margin of 37.95% and a return on equity of 9.23%. The company’s turnover is down 4.6% compared to the same quarter last year. In the same quarter of last year, the company posted EPS of $ 0.66. As a group, research analysts predict that WesBanco will post earnings per share of 3.45 for the current fiscal year.
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Several stock analysts recently published reports on WSBC stocks. Royal Bank of Canada increased its target price on WesBanco from $ 36.00 to $ 38.00 and assigned the company a “sector performance” rating in a research note on Wednesday, September 29. Zacks Investment Research downgraded WesBanco from a “buy” rating to a “custody” rating in a report released on Tuesday, October 5. B. Riley reaffirmed a “neutral” rating on WesBanco shares in a research report on Tuesday, July 27. Finally, Boenning Scattergood reiterated a “neutral” rating on WesBanco shares in a research report on Wednesday, September 29. Seven investment analysts rated the stock with a conservation rating. Based on MarketBeat data, the stock has a consensus rating of “Hold” and an average price target of $ 35.90.
Several large investors have recently bought and sold WSBC shares. Morgan Stanley raised its stake in WesBanco shares from 171.1% in the 2nd quarter. Morgan Stanley now owns 204,113 shares of the financial services provider valued at $ 7,272,000 after purchasing an additional 128,822 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in WesBanco shares by 104.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 18,714 shares of the financial services provider valued at $ 638,000 after purchasing an additional 9,548 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new equity stake in WesBanco in the third quarter for a value of approximately $ 231,000. 62.19% of the shares are held by institutional investors and hedge funds.
WesBanco Company Profile
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking and Trust and Investment Services. The community banking segment provides services traditionally offered by commercial service banks, including sight, sight and term commercial accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.
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