WesBanco (WSBC) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Press coverage about WesBanco (NASDAQ:WSBC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. WesBanco earned a news impact score of 0.03 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.2567616523279 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
- FY2017 Earnings Estimate for WesBanco, Inc. (WSBC) Issued By FBR & Co (americanbankingnews.com)
- FY2017 EPS Estimates for WesBanco, Inc. (WSBC) Cut by Boenning Scattergood (americanbankingnews.com)
- Brokers Offer Predictions for WesBanco, Inc.’s FY2017 Earnings (WSBC) (americanbankingnews.com)
- WesBanco, Inc. (WSBC) Given a $40.00 Price Target by FBR & Co Analysts (americanbankingnews.com)
- WesBanco, Inc. (WSBC) PT Set at $47.00 by DA Davidson (americanbankingnews.com)
A number of equities research analysts have recently weighed in on the company. Sandler O’Neill downgraded WesBanco from a “buy” rating to a “hold” rating in a report on Friday. Boenning Scattergood reissued a “hold” rating on shares of WesBanco in a report on Friday. DA Davidson set a $47.00 target price on WesBanco and gave the stock a “buy” rating in a report on Friday. They noted that the move was a valuation call. FBR & Co set a $40.00 target price on WesBanco and gave the stock a “hold” rating in a report on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $41.00 price target on shares of WesBanco in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.00.
WesBanco (NASDAQ WSBC) traded down 0.52% on Monday, reaching $40.20. The company had a trading volume of 41,374 shares. The stock has a market capitalization of $1.77 billion, a P/E ratio of 18.36 and a beta of 0.96. WesBanco has a 12-month low of $32.06 and a 12-month high of $44.19. The stock’s 50-day moving average price is $39.92 and its 200-day moving average price is $38.89.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). WesBanco had a net margin of 24.73% and a return on equity of 7.71%. The business had revenue of $95.15 million during the quarter, compared to analysts’ expectations of $98.37 million. During the same period in the previous year, the business earned $0.60 EPS. On average, equities research analysts anticipate that WesBanco will post $2.40 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.04 annualized dividend and a dividend yield of 2.60%. WesBanco’s payout ratio is currently 44.44%.
In other WesBanco news, EVP Brent E. Richmond sold 1,440 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $36.83, for a total value of $53,035.20. Following the sale, the executive vice president now owns 22,701 shares of the company’s stock, valued at approximately $836,077.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.05% of the company’s stock.
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WesBanco Company Profile
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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