WesBanco (WSBC) Expected to Announce Quarterly Earnings on Wednesday

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

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data 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. WesBanco had a return on equity of 5.75% and a net margin of 14.79%. The firm had revenue of $243.34 million during the quarter, compared to analysts’ expectations of $152.40 million. During the same quarter last year, the firm posted $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 0.7 %

WSBC stock opened at $31.94 on Tuesday. WesBanco has a twelve month low of $25.56 and a twelve month high of $37.36. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average is $33.96 and its 200-day moving average is $32.00. The firm has a market capitalization of $2.14 billion, a PE ratio of 15.28 and a beta of 0.85.

WesBanco Increases Dividend

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

Insider Buying and Selling

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of WesBanco stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $34.87, for a total transaction of $39,228.75. Following the completion of the sale, the executive vice president now owns 46,817 shares of the company’s stock, valued at $1,632,508.79. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WSBC. Stephens raised their target price 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 upgraded WesBanco from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $35.00 to $44.00 in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.