WesBanco, Inc. Announces Quarterly Dividend of $0.38 (NASDAQ:WSBC)

WesBanco, Inc. (NASDAQ:WSBC) declared a quarterly dividend on Wednesday, February 18th. Stockholders of record on Friday, March 6th will be given a dividend of 0.38 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, March 6th.

WesBanco has raised its dividend by an average of 0.0%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 39.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect WesBanco to earn $3.91 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 38.9%.

WesBanco Price Performance

Shares of NASDAQ:WSBC traded down $0.20 during trading on Thursday, reaching $36.26. 17,437 shares of the company’s stock traded hands, compared to its average volume of 474,598. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $35.10 and a 200-day simple moving average of $32.88. The firm has a market cap of $3.48 billion, a PE ratio of 17.52 and a beta of 0.80. WesBanco has a fifty-two week low of $26.42 and a fifty-two week high of $38.10.

WesBanco (NASDAQ:WSBC) last released its earnings results on Tuesday, January 27th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The firm had revenue of $265.78 million during the quarter, compared to analyst estimates of $265.53 million. WesBanco had a return on equity of 8.88% and a net margin of 15.51%.During the same period last year, the business posted $0.71 earnings per share. As a group, analysts predict that WesBanco will post 3.24 earnings per share for the current year.

About WesBanco

WesBanco, Inc is a bank holding company headquartered in Wheeling, West Virginia, offering a full range of community banking services through its principal subsidiary, WesBanco Bank, Inc The company serves individual consumers, small‐ to mid‐sized businesses, nonprofit organizations and governmental entities with a relationship‐driven approach and an emphasis on local decision‐making. Through its diversified platform, WesBanco provides core banking functions such as deposit accounts, commercial and consumer lending, mortgage banking, treasury management and electronic banking services.

In addition to traditional banking products, WesBanco offers specialized services including trust and wealth management, investment advisory and insurance solutions.