WesBanco Inc (NASDAQ:WSBC) declared a quarterly dividend on Friday, February 23rd, Wall Street Journal reports. Shareholders of record on Friday, March 9th will be paid a dividend of 0.29 per share by the financial services provider on Monday, April 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, March 8th. This is a boost from WesBanco’s previous quarterly dividend of $0.26.
Shares of WesBanco (NASDAQ WSBC) traded down $0.17 during trading on Wednesday, hitting $44.02. The company’s stock had a trading volume of 10,355 shares, compared to its average volume of 111,903. WesBanco has a one year low of $34.81 and a one year high of $44.60. The stock has a market cap of $1,954.65, a price-to-earnings ratio of 18.04, a PEG ratio of 1.52 and a beta of 0.92. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.80.
WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. WesBanco had a return on equity of 7.81% and a net margin of 22.43%. The company had revenue of $96.12 million for the quarter, compared to analyst estimates of $98.48 million. During the same quarter in the prior year, the company posted $0.59 EPS. analysts forecast that WesBanco will post 2.92 EPS for the current fiscal year.
WSBC has been the subject of a number of research analyst reports. B. Riley set a $40.00 price objective on WesBanco and gave the stock a “hold” rating in a report on Tuesday, November 14th. Boenning Scattergood restated a “hold” rating on shares of WesBanco in a report on Tuesday, November 14th. Zacks Investment Research upgraded WesBanco from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. BidaskClub downgraded WesBanco from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Finally, DA Davidson set a $48.00 price objective on WesBanco and gave the stock a “buy” rating in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. WesBanco currently has an average rating of “Hold” and an average price target of $43.00.
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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