WesBanco (WSBC) Issues Earnings Results, Beats Estimates By $0.04 EPS
WesBanco (NASDAQ:WSBC) announced its quarterly earnings data on Monday. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04, Bloomberg Earnings reports. WesBanco had a net margin of 24.73% and a return on equity of 7.66%. During the same period last year, the company posted $0.59 earnings per share.
WesBanco (NASDAQ:WSBC) traded down $0.71 during trading hours on Tuesday, reaching $41.82. 151,000 shares of the company’s stock were exchanged, compared to its average volume of 100,964. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89. WesBanco has a fifty-two week low of $34.81 and a fifty-two week high of $43.77. The company has a market cap of $1,872.73, a P/E ratio of 17.87, a PEG ratio of 1.43 and a beta of 1.00.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Thursday, December 7th. WesBanco’s dividend payout ratio (DPR) is presently 44.44%.
A number of brokerages recently weighed in on WSBC. B. Riley set a $40.00 price objective on shares of WesBanco and gave the stock a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered shares of WesBanco from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a report on Saturday, January 13th. Sandler O’Neill downgraded shares of WesBanco from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $41.00 target price on shares of WesBanco in a research report on Tuesday, October 3rd. Finally, DA Davidson set a $47.00 target price on shares of WesBanco and gave the stock a “buy” rating in a research report on Friday, October 20th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. WesBanco currently has a consensus rating of “Hold” and an average target price of $43.00.
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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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