WesBanco, Inc. plans quarterly dividend of $ 0.33 (NASDAQ: WSBC)
WesBanco, Inc. (NASDAQ: WSBC) announced a quarterly dividend on Wednesday, November 17th. Zacks reported. The shareholders registered on Friday, December 10th, will receive a dividend of 0.33 per share from the financial services provider on Monday, January 3rd. That translates to an annualized dividend of $ 1.32 and a yield of 3.76%. The ex-dividend date is Thursday December 9th.
WesBanco has increased its dividend by 23.1% over the past three years and has increased its dividend annually for the past 11 consecutive years. WesBanco has a payout ratio of 52.6%, which suggests that the dividend is adequately covered by earnings. Stock research analysts expect WesBanco to earn $ 2.48 per share over the next year, meaning the company should continue to be able to deliver its annual dividend of $ 1.32 with an expected future payout ratio of 53, 2% to cover.
WSBC stock opened at $ 35.10 on Friday. The company has a debt of 0.15, a quick ratio of 0.83 and a current ratio of 0.81. The company has a market cap of $ 2.22 billion, a P / E of 10.17, and a beta of 1.05. WesBanco has a 52-week low of $ 27.08 and a 52-week high of $ 39.87. The company has a 50-day moving average of $ 34.80 and a 200-day moving average of $ 35.30.
WesBanco (NASDAQ: WSBC) last released its quarterly results on Tuesday, October 26th. The financial services company reported earnings per share (EPS) for the quarter of $ 0.70, missing Zacks’ consensus estimate of $ 0.77 ($ 0.07). The company had revenue of $ 148.03 million for the quarter, compared to the consensus estimate of $ 146.23 million. WesBanco had a net margin of 37.95% and a return on equity of 9.23%. The company’s sales decreased by 4.6% compared to the same quarter of the previous year. In the same quarter last year, the company achieved $ 0.66 EPS. As a group, research analysts predict that WesBanco will generate earnings per share of 3.45 for the current fiscal year.
Several equity analysts recently published reports on WSBC stocks. The Royal Bank of Canada raised its target price on WesBanco from $ 36.00 to $ 38.00 and rated the company in a research note on Wednesday, May 29th. Zacks Investment Research downgraded WesBanco from a “buy” rating to a “hold” rating in a report on Tuesday, October 5th. B. Riley rated WesBanco’s shares as “neutral” in a research report on Tuesday, July 27th. Finally, Boenning Scattergood confirmed in a research report on Wednesday, September 29th, a “neutral” rating of the WesBanco share. Seven investment analysts have given the stock a hold rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $ 35.90.
Several major investors recently bought and sold shares in WSBC. Morgan Stanley increased its stake in WesBanco shares by 171.1% in the second quarter. Morgan Stanley now owns 204,113 shares in the financial services company valued at $ 7,272,000 after buying an additional 128,822 shares last quarter. BNP Paribas Arbitrage SA increased its stake in WesBanco shares by 104.2% in the third quarter. BNP Paribas Arbitrage SA now owns 18,714 shares in the financial services company valued at $ 638,000 after purchasing an additional 9,548 shares last quarter. Eventually, Janus Henderson Group PLC bought a new stake in WesBanco stock valued at approximately $ 231,000 in the third quarter. 62.19% of the shares are owned by institutional investors and hedge funds.
WesBanco company profile
WesBanco, Inc is a banking holding company providing financial services. It operates in the following segments: Community Banking and Trust and Investment Services. The Community Banking segment offers services traditionally offered by commercial service banks, including commercial sight, single sight and fixed deposit accounts, as well as business, mortgage and single installment loans, as well as certain non-traditional offerings such as insurance and securities brokerage services.
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