WesBanco, Inc. (NASDAQ:WSBC) Declares Quarterly Dividend of $0.37

WesBanco, Inc. (NASDAQ:WSBC) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.37 per share by the financial services provider on Tuesday, April 1st. This represents a $1.48 annualized dividend and a dividend yield of 4.27%.

WesBanco has raised its dividend by an average of 3.2% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. WesBanco has a dividend payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WesBanco to earn $3.91 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 37.9%.

WesBanco Trading Down 1.4 %

WSBC traded down $0.49 on Wednesday, hitting $34.64. The company had a trading volume of 699,065 shares, compared to its average volume of 473,853. WesBanco has a 1 year low of $25.56 and a 1 year high of $37.36. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The company’s fifty day moving average price is $33.81 and its 200 day moving average price is $32.80. The firm has a market cap of $2.32 billion, a P/E ratio of 15.46 and a beta of 0.84.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. As a group, equities analysts expect that WesBanco will post 3.24 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $44.00 in a report on Monday, February 10th. DA Davidson boosted their price target on WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Raymond James upgraded shares of WesBanco from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $35.00 to $44.00 in a research report on Friday, December 6th. Stephens reissued an “equal weight” rating and issued a $39.00 price target on shares of WesBanco in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.83.

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.