WesBanco, Inc. (WSBC) to Issue Quarterly Dividend of $0.38 on April 1st

WesBanco, Inc. (NASDAQ:WSBC) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Friday, March 6th will be given a dividend of 0.38 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, March 6th.

WesBanco has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 14 years. WesBanco has a payout ratio of 39.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WesBanco to earn $3.91 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 38.9%.

WesBanco Trading Down 0.1%

NASDAQ WSBC opened at $36.43 on Friday. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 17.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.93 and a current ratio of 0.93. WesBanco has a one year low of $26.42 and a one year high of $38.10. The company’s 50 day moving average price is $35.13 and its 200 day moving average price is $32.90.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. WesBanco had a net margin of 15.51% and a return on equity of 8.88%. The company had revenue of $265.78 million during the quarter, compared to analyst estimates of $265.53 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, sell-side analysts predict that WesBanco will post 3.24 EPS for the current year.

WesBanco Company Profile

WesBanco, Inc is a bank holding company headquartered in Wheeling, West Virginia, offering a full range of community banking services through its principal subsidiary, WesBanco Bank, Inc The company serves individual consumers, small‐ to mid‐sized businesses, nonprofit organizations and governmental entities with a relationship‐driven approach and an emphasis on local decision‐making. Through its diversified platform, WesBanco provides core banking functions such as deposit accounts, commercial and consumer lending, mortgage banking, treasury management and electronic banking services.

In addition to traditional banking products, WesBanco offers specialized services including trust and wealth management, investment advisory and insurance solutions.