WesBanco (WSBC) Expected to Announce Quarterly Earnings on Wednesday

WesBanco (NASDAQ:WSBC) is anticipated to announce its earnings results after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.54 per share and revenue of $156,422.80 billion for the quarter.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $243.34 million during the quarter, compared to the consensus estimate of $152.40 million. WesBanco had a return on equity of 5.75% and a net margin of 14.79%. During the same period last year, the company earned $0.59 earnings per share. On average, analysts expect WesBanco to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

WesBanco Stock Up 2.3 %

WesBanco stock traded up $0.72 during mid-day trading on Wednesday, reaching $32.15. The stock had a trading volume of 274,001 shares, compared to its average volume of 362,011. WesBanco has a one year low of $25.56 and a one year high of $37.36. The company has a 50-day moving average price of $34.25 and a two-hundred day moving average price of $31.88. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 15.38 and a beta of 0.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93.

WesBanco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Friday, December 6th. This is an increase from WesBanco’s previous quarterly dividend of $0.36. WesBanco’s dividend payout ratio is currently 70.81%.

Insider Activity at WesBanco

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $34.87, for a total value of $39,228.75. Following the transaction, the executive vice president now owns 46,817 shares of the company’s stock, valued at approximately $1,632,508.79. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Raymond James raised shares of WesBanco from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $35.00 to $44.00 in a research report on Friday, December 6th. Stephens boosted their price target on WesBanco from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.83.

WesBanco Company Profile

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.