WesBanco, Inc. (WSBC) to Issue Quarterly Dividend of $0.38 on October 1st

WesBanco, Inc. (NASDAQ:WSBC) declared a quarterly dividend on Wednesday, August 19th. Investors of record on Friday, September 4th will be given a dividend of 0.38 per share by the financial services provider on Thursday, October 1st. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 4th.

WesBanco has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. WesBanco has a payout ratio of 39.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WesBanco to earn $3.87 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 39.3%.

WesBanco Stock Performance

NASDAQ WSBC opened at $40.88 on Friday. WesBanco has a 52-week low of $29.57 and a 52-week high of $43.02. The company has a 50-day simple moving average of $39.95 and a 200 day simple moving average of $36.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market capitalization of $3.92 billion, a PE ratio of 11.88 and a beta of 0.67.

WesBanco (NASDAQ:WSBC) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. WesBanco had a net margin of 23.35% and a return on equity of 9.72%. The firm had revenue of $275.79 million for the quarter, compared to analysts’ expectations of $267.71 million. On average, research analysts predict that WesBanco will post 3.57 EPS 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.