Somewhat Positive Media Coverage Somewhat Unlikely to Affect WesBanco (WSBC) Share Price
News stories about WesBanco (NASDAQ:WSBC) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. WesBanco earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.3430751706636 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- WesBanco (WSBC) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- B. Riley Analysts Increase Earnings Estimates for WesBanco Inc (WSBC) (americanbankingnews.com)
- Zacks: Brokerages Anticipate WesBanco Inc (WSBC) Will Announce Quarterly Sales of $98.28 Million (americanbankingnews.com)
- WesBanco Inc (WSBC) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Comparing WesBanco (WSBC) & Its Peers (americanbankingnews.com)
Several research firms have recently issued reports on WSBC. Zacks Investment Research cut shares of WesBanco from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a research report on Saturday. DA Davidson set a $48.00 price objective on shares of WesBanco and gave the stock a “buy” rating in a research report on Thursday, December 21st. Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a research report on Friday, October 20th. BidaskClub cut shares of WesBanco from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Finally, FBR & Co set a $40.00 price objective on shares of WesBanco and gave the stock a “hold” rating in a research report on Friday, October 20th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $43.00.
WesBanco (NASDAQ:WSBC) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). WesBanco had a net margin of 24.73% and a return on equity of 7.66%. The company had revenue of $95.15 million during the quarter, compared to analysts’ expectations of $98.37 million. During the same period last year, the firm earned $0.60 earnings per share. equities analysts predict that WesBanco will post 2.41 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were given a $0.26 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.04 dividend on an annualized basis and a yield of 2.44%. WesBanco’s dividend payout ratio (DPR) is presently 44.64%.
In related news, Director F Eric Nelson, Jr. sold 12,500 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $42.06, for a total value of $525,750.00. Following the completion of the sale, the director now directly owns 29,717 shares of the company’s stock, valued at $1,249,897.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.05% of the stock is owned by insiders.
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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