WesBanco (NASDAQ:WSBC – Get Free Report) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03, Briefing.com reports. The company had revenue of $243.34 million during the quarter, compared to the consensus estimate of $152.40 million. WesBanco had a return on equity of 5.90% and a net margin of 15.22%. During the same period last year, the company earned $0.59 earnings per share.
WesBanco Stock Down 0.2 %
WesBanco stock traded down $0.07 during midday trading on Friday, hitting $30.29. 328,220 shares of the company’s stock were exchanged, compared to its average volume of 237,419. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $2.03 billion, a PE ratio of 14.22 and a beta of 0.82. The firm has a 50-day moving average of $30.62 and a two-hundred day moving average of $29.29. WesBanco has a 12 month low of $23.04 and a 12 month high of $34.85.
WesBanco Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date was Friday, September 6th. WesBanco’s dividend payout ratio (DPR) is presently 67.61%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on WSBC
Insider Activity
In other WesBanco news, EVP Michael L. Perkins sold 5,363 shares of the company’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 completion of the sale, the executive vice president now owns 46,817 shares in the company, valued at $1,413,405.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.44% of the company’s stock.
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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