WesBanco (NASDAQ:WSBC – Get Free Report) released its earnings results on Wednesday. The financial services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03, Briefing.com reports. WesBanco had a return on equity of 5.90% and a net margin of 15.22%. The business 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.
WesBanco Stock Up 0.1 %
Shares of WesBanco stock traded up $0.03 on Friday, hitting $30.39. The company had a trading volume of 18,321 shares, compared to its average volume of 235,922. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 14.25 and a beta of 0.82. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.94 and a current ratio of 0.94. WesBanco has a 1 year low of $23.04 and a 1 year high of $34.85. The stock has a 50 day moving average of $30.62 and a 200-day moving average of $29.29.
WesBanco Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Friday, September 6th. WesBanco’s dividend payout ratio is currently 67.61%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on WesBanco
Insider Buying and Selling
In other WesBanco news, EVP Michael L. Perkins sold 5,363 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $30.19, for a total transaction of $161,908.97. Following the transaction, the executive vice president now directly owns 46,817 shares in the company, valued at approximately $1,413,405.23. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.44% of the stock is currently owned by corporate 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.
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