WesBanco (WSBC) Expected to Announce Quarterly Earnings on Wednesday

WesBanco (NASDAQ:WSBC) will likely be announcing 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

WesBanco (NASDAQ:WSBC) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $243.34 million during the quarter, compared to analysts’ expectations of $152.40 million. WesBanco had a net margin of 14.79% and a return on equity of 5.75%. During the same quarter in the previous 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 Performance

NASDAQ WSBC opened at $31.94 on Monday. The stock’s 50 day simple moving average is $34.05 and its 200-day simple moving average is $31.97. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $2.14 billion, a PE ratio of 15.28 and a beta of 0.85. WesBanco has a 1-year low of $25.56 and a 1-year high of $37.36.

WesBanco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $0.37 dividend. This is an increase from WesBanco’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Friday, December 6th. WesBanco’s dividend payout ratio (DPR) is currently 70.81%.

Analyst Ratings Changes

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

Insider Buying and Selling at WesBanco

In other 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 in the company, valued at approximately $1,632,508.79. This represents a 2.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.44% of the stock is owned by corporate insiders.

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.