WesBanco (WSBC) Earning Somewhat Favorable Media Coverage, Report Shows

Media coverage about WesBanco (NASDAQ:WSBC) has trended somewhat positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. WesBanco earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.5633559678747 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of WesBanco stock opened at $41.19 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1,892.20, a PE ratio of 19.16, a P/E/G ratio of 1.48 and a beta of 0.92. WesBanco has a fifty-two week low of $34.81 and a fifty-two week high of $44.78.

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WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The firm had revenue of $96.12 million during the quarter, compared to analyst estimates of $98.48 million. WesBanco had a return on equity of 7.81% and a net margin of 22.43%. During the same period in the previous year, the company earned $0.59 earnings per share. equities analysts anticipate that WesBanco will post 2.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be issued a $0.29 dividend. This is a positive change from WesBanco’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, March 8th. WesBanco’s payout ratio is currently 53.95%.

A number of analysts have recently issued reports on the company. DA Davidson set a $48.00 target price on WesBanco and gave the stock a “buy” rating in a research report on Thursday, December 21st. BidaskClub lowered WesBanco from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Zacks Investment Research lowered WesBanco from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a research report on Tuesday, January 2nd. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $43.00.

In other news, Director Denise H. Knouse-Snyder acquired 1,575 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $41.44 per share, with a total value of $65,268.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $82,880. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.14% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for WesBanco (NASDAQ:WSBC)

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