WesBanco, Inc. (WSBC) To Go Ex-Dividend on March 10th

WesBanco, Inc. (NASDAQ:WSBC) declared 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 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Monday, March 10th.

WesBanco has raised its dividend by an average of 3.2% annually over the last three years and has raised its dividend every year for the last 14 years. WesBanco has a dividend payout ratio of 38.1% meaning 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 $1.48 annual dividend with an expected future payout ratio of 37.9%.

WesBanco Trading Down 0.3 %

WesBanco stock opened at $32.63 on Friday. The firm has a 50-day moving average of $33.93 and a 200-day moving average of $32.96. WesBanco has a one year low of $25.56 and a one year high of $37.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 14.57 and a beta of 0.84.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 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%. On average, equities analysts expect that WesBanco will post 3.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About WesBanco

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.