WesBanco, Inc. (NASDAQ:WSBC) banking products and services provider, is expected to report third quarter earnings results, after market close, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.53 per share.
Looking ahead, the full year income are expected at $ 1.59 per share on the revenues of $ 487.82 million.
Previous Quarter Performance
WesBanco, Inc. revealed income for the second quarter of $ 0.07 per share, from the revenue of $ 119.01 million. The quarterly earnings shrunk 91.03 percent while revenues developed 19.21 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.33 per share from $ 116.96 million in revenue. The bottom line results missed street analysts by $ 0.26 or 78.79 percent, at the same time, top line results outshined analysts by $ 2.05 million or 1.75 percent.
Stock Performance
Shares of WesBanco, Inc. traded up $ 0.46 or 1.97 percent on Tuesday, reaching $ 23.85 with volume of 131.80 thousand shares. WesBanco, Inc. has traded high as $ 24.16 and has cracked $ 23.73 on the downward trend
The closing price of $ 23.85, representing a 33.96 % increase from the 52 week low of $ 17.46 and a 40.53 % decrease over the 52 week high of $ 39.33.
The company has a market capital of $ 1.58 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
On August 27, 2020, the board of directors authorized quarterly dividend of $ 0.32 per share to holders of record as of the close of business on September 11, 2020, with payment date of October 1, 2020 and ex-dividend date on September 10, 2020.
Conference Call
WesBanco, Inc. will be hosting a conference call at 3:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wesbanco.com
WesBanco, Inc. operates as the holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States.
