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

WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) 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 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Monday, March 10th.

WesBanco has increased its dividend payment by an average of 3.2% annually over the last three years and has increased 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. Equities research 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 Stock Performance

Shares of WSBC traded down $0.09 during midday trading on Friday, reaching $35.07. 4,233,916 shares of the stock were exchanged, compared to its average volume of 577,229. WesBanco has a twelve month low of $25.56 and a twelve month high of $37.36. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.35 billion, a P/E ratio of 15.66 and a beta of 0.84. The stock's 50 day simple moving average is $33.93 and its 200 day simple moving average is $32.91.

WesBanco (NASDAQ:WSBC - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. On average, sell-side analysts expect that WesBanco will post 3.24 earnings per share for the current year.

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Analyst Upgrades and Downgrades

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