WesBanco, Inc. (NASDAQ:WSBC) Plans Quarterly Dividend of $0.38

WesBanco, Inc. (NASDAQ:WSBC) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Friday, June 5th will be given a dividend of 0.38 per share by the financial services provider on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, June 5th.

WesBanco has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. WesBanco has a dividend payout ratio of 39.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WesBanco to earn $3.93 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 38.7%.

WesBanco Price Performance

WSBC stock opened at $34.17 on Thursday. WesBanco has a 52 week low of $29.18 and a 52 week high of $38.10. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $34.29 and a two-hundred day simple moving average of $34.13. The firm has a market capitalization of $3.29 billion, a P/E ratio of 11.02 and a beta of 0.69.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. The business had revenue of $257.23 million during the quarter, compared to analyst estimates of $264.52 million. WesBanco had a net margin of 21.12% and a return on equity of 9.76%. WesBanco’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 earnings per share. Analysts anticipate that WesBanco will post 3.58 earnings per share for the current fiscal year.

WesBanco Company Profile

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.