WesBanco (NASDAQ:WSBC) Releases Earnings Results

WesBanco (NASDAQ:WSBC - Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56, Briefing.com reports. The firm had revenue of $225.96 million for the quarter, compared to analysts' expectations of $147.81 million. WesBanco had a return on equity of 6.94% and a net margin of 19.11%. During the same quarter in the previous year, the firm posted $0.71 EPS.

WesBanco Price Performance

WSBC stock traded down $0.72 on Wednesday, reaching $28.28. The company had a trading volume of 241,443 shares, compared to its average volume of 202,209. WesBanco has a 1 year low of $19.84 and a 1 year high of $32.20. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. The company's fifty day moving average is $28.64 and its 200 day moving average is $28.23. The company has a market cap of $1.68 billion, a P/E ratio of 11.27 and a beta of 0.86.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Thursday, March 7th. WesBanco's payout ratio is currently 57.37%.

Wall Street Analysts Forecast Growth

WSBC has been the topic of several recent research reports. Stephens restated an "equal weight" rating and issued a $30.00 price target on shares of WesBanco in a research report on Wednesday. Hovde Group decreased their price target on WesBanco from $36.00 to $34.00 and set an "outperform" rating on the stock in a research note on Wednesday. Raymond James raised WesBanco from a "market perform" rating to an "outperform" rating and set a $34.00 price target on the stock in a research note on Friday, January 5th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $32.00 price target on shares of WesBanco in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $31.17.

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.