WesBanco, Inc. (WSBC) To Go Ex-Dividend on September 4th

WesBanco, Inc. (NASDAQ:WSBC) announced a quarterly dividend on Wednesday, August 19th. Stockholders of record on Friday, September 4th will be paid a dividend of 0.38 per share by the financial services provider on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, September 4th.

WesBanco has increased its dividend by an average of 0.0%per year 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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WesBanco to earn $3.87 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 39.3%.

WesBanco Price Performance

Shares of NASDAQ:WSBC opened at $39.48 on Wednesday. The company has a market capitalization of $3.79 billion, a P/E ratio of 11.48 and a beta of 0.66. The company’s 50-day moving average is $40.59 and its 200 day moving average is $36.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 0.94. WesBanco has a fifty-two week low of $29.57 and a fifty-two week high of $43.02.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. WesBanco had a net margin of 23.35% and a return on equity of 9.72%. The business had revenue of $275.79 million for the quarter, compared to analyst estimates of $267.71 million. On average, equities research analysts forecast that WesBanco will post 3.57 earnings per share for the current year.

WesBanco declared that its board has approved a stock repurchase plan on Wednesday, May 20th that permits the company to repurchase 4,000,000 outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

About WesBanco

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.