NasdaqGS:WSBCBanks
WesBanco (WSBC): Evaluating Valuation After $230 Million Preferred Share Offering and Capital Structure Shift
WesBanco (WSBC) just made a bold move by announcing and pricing a $230 million public offering of preferred shares. If you are weighing what comes next for your portfolio, this type of capital management update can signal shifts in a company’s growth strategy and risk profile. WesBanco plans to use the new funds to redeem its outstanding Series A Preferred Stock and 4% Fixed-To-Floating Rate Subordinated Notes, with the remainder allocated to general corporate needs. The offering includes...