WesBanco (WSBC) Issues Earnings Results

WesBanco (NASDAQ:WSBC) issued its earnings results on Tuesday. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07, Bloomberg Earnings reports. The firm had revenue of $97.27 million during the quarter, compared to analyst estimates of $96.77 million. WesBanco had a net margin of 23.81% and a return on equity of 8.31%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.59 earnings per share.

WSBC stock opened at $43.03 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.89. WesBanco has a 12 month low of $35.49 and a 12 month high of $44.78. The company has a market capitalization of $1,995.95, a PE ratio of 16.37, a PEG ratio of 1.48 and a beta of 0.88.

How to Become a New Pot Stock Millionaire

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 9th were given a $0.29 dividend. This is a positive change from WesBanco’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, March 8th. WesBanco’s dividend payout ratio (DPR) is 47.35%.

In other news, Director Denise H. Knouse-Snyder acquired 1,575 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $41.44 per share, for a total transaction of $65,268.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $82,880. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.14% of the stock is currently owned by company insiders.

A number of brokerages have weighed in on WSBC. Zacks Investment Research upgraded shares of WesBanco from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Saturday, January 6th. Boenning Scattergood reiterated a “hold” rating on shares of WesBanco in a research report on Wednesday, January 24th. BidaskClub upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, DA Davidson set a $48.00 price objective on shares of WesBanco and gave the company a “buy” rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. WesBanco has an average rating of “Hold” and an average price target of $43.00.

WARNING: This piece of content was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/04/19/wesbanco-wsbc-issues-earnings-results.html.

WesBanco Company Profile

WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.

Earnings History for WesBanco (NASDAQ:WSBC)

Receive News & Ratings for WesBanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WesBanco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply