WesBanco (WSBC) Expected to Announce Quarterly Earnings on Wednesday

WesBanco (NASDAQ:WSBC) is expected to 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. Investors that wish to register for the company’s conference call can do so using this link.

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

WesBanco Trading Up 0.7 %

WSBC opened at $31.94 on Tuesday. WesBanco has a one year low of $25.56 and a one year high of $37.36. The business has a 50 day simple moving average of $33.96 and a two-hundred day simple moving average of $32.00. 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 firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 15.28 and a beta of 0.85.

WesBanco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a dividend of $0.37 per share. This is an increase from WesBanco’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.63%. WesBanco’s dividend payout ratio is 70.81%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WSBC. Stephens upped their target price on WesBanco from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Raymond James upgraded WesBanco from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $35.00 to $44.00 in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.83.

Insider Buying and Selling

In related news, EVP Michael L. Perkins sold 1,125 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $34.87, for a total value of $39,228.75. Following the sale, the executive vice president now owns 46,817 shares in the company, valued at $1,632,508.79. This represents a 2.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.44% of the stock is currently owned by company 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.