WesBanco (WSBC) Set to Announce Earnings on Thursday

WesBanco (NASDAQ:WSBC) will be posting its quarterly earnings results after the market closes on Thursday, July 25th. Analysts expect WesBanco to post earnings of $0.54 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. WesBanco had a return on equity of 6.50% and a net margin of 17.52%. The company had revenue of $225.96 million during the quarter, compared to the consensus estimate of $147.81 million. During the same quarter in the prior year, the company posted $0.71 EPS. 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 2.2 %

Shares of WSBC stock opened at $33.53 on Wednesday. The stock’s 50 day simple moving average is $28.08 and its 200 day simple moving average is $28.53. WesBanco has a twelve month low of $23.00 and a twelve month high of $33.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 13.97 and a beta of 0.84.

WesBanco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, June 7th. This represents a $1.44 annualized dividend and a yield of 4.29%. WesBanco’s dividend payout ratio (DPR) is presently 60.00%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Hovde Group lowered their target price on shares of WesBanco from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Stephens dropped their price objective on WesBanco from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 price objective on shares of WesBanco in a research report 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 assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.60.

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.