WesBanco
Market Cap
US$1.4b
Last Updated
2020/09/22 05:39 UTC
Data Sources
Company Financials +
Executive Summary
WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet 6 star dividend payer.
Similar Companies
Share Price & News
How has WesBanco's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WSBC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-6.9%
WSBC
-2.5%
US Banks
-1.5%
US Market
1 Year Return
-44.3%
WSBC
-26.7%
US Banks
12.9%
US Market
Return vs Industry: WSBC underperformed the US Banks industry which returned -26.7% over the past year.
Return vs Market: WSBC underperformed the US Market which returned 12.9% over the past year.
Shareholder returns
| WSBC | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.9% | -2.5% | -1.5% |
| 30 Day | -3.1% | 0.7% | -1.8% |
| 90 Day | 7.0% | -2.8% | 6.6% |
| 1 Year | -41.4%-44.3% | -24.1%-26.7% | 15.4%12.9% |
| 3 Year | -41.1%-47.1% | -15.2%-22.2% | 39.6%30.2% |
| 5 Year | -21.5%-33.4% | 23.6%8.4% | 93.4%71.7% |
Price Volatility Vs. Market
How volatile is WesBanco's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Do These 3 Checks Before Buying WesBanco, Inc. (NASDAQ:WSBC) For Its Upcoming Dividend2 weeks ago | Simply Wall St
Have Insiders Been Selling WesBanco, Inc. (NASDAQ:WSBC) Shares This Year?1 month ago | Simply Wall St
How Does WesBanco, Inc. (NASDAQ:WSBC) Fare As A Dividend Stock?Valuation
Is WesBanco undervalued compared to its fair value and its price relative to the market?
12.85x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WSBC ($20.9) is trading above our estimate of fair value ($14.23)
Significantly Below Fair Value: WSBC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WSBC is poor value based on its PE Ratio (12.8x) compared to the US Banks industry average (9.7x).
PE vs Market: WSBC is good value based on its PE Ratio (12.8x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: WSBC is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: WSBC is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is WesBanco forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
16.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WSBC's forecast earnings growth (16.5% per year) is above the savings rate (2.2%).
Earnings vs Market: WSBC's earnings (16.5% per year) are forecast to grow slower than the US market (23.1% per year).
High Growth Earnings: WSBC's earnings are forecast to grow, but not significantly.
Revenue vs Market: WSBC's revenue (1.8% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: WSBC's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WSBC's Return on Equity is forecast to be low in 3 years time (4.8%).
Next Steps
Past Performance
How has WesBanco performed over the past 5 years?
15.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WSBC has high quality earnings.
Growing Profit Margin: WSBC's current net profit margins (21.9%) are lower than last year (32.9%).
Past Earnings Growth Analysis
Earnings Trend: WSBC's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: WSBC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WSBC had negative earnings growth (-37.1%) over the past year, making it difficult to compare to the Banks industry average (-3%).
Return on Equity
High ROE: WSBC's Return on Equity (4%) is considered low.
Next Steps
Financial Health
How is WesBanco's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: WSBC's Assets to Equity ratio (6.5x) is low.
Allowance for Bad Loans: WSBC has a sufficient allowance for bad loans (415%).
Low Risk Liabilities: 86% of WSBC's liabilities are made up of primarily low risk sources of funding.
Loan Level: WSBC has an appropriate level of Loans to Assets ratio (65%).
Low Risk Deposits: WSBC's Loans to Deposits ratio (89%) is appropriate.
Level of Bad Loans: WSBC has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is WesBanco current dividend yield, its reliability and sustainability?
6.12%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WSBC's dividend (6.12%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: WSBC's dividend (6.12%) is in the top 25% of dividend payers in the US market (4.7%)
Stability and Growth of Payments
Stable Dividend: WSBC's dividends per share have been stable in the past 10 years.
Growing Dividend: WSBC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (77.4%), WSBC's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WSBC's dividends in 3 years are forecast to be covered by earnings (66.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Todd Clossin (58 yo)
6.42yrs
Tenure
US$2,279,173
Compensation
Mr. Todd F. Clossin has been the Chief Executive Officer and President of WesBanco Inc., and its subsidiary Wesbanco Bank, Inc. since April 30, 2014. Mr. Clossin served as the Chief Operating Officer, Exec ...
CEO Compensation Analysis
Compensation vs Market: Todd's total compensation ($USD2.28M) is below average for companies of similar size in the US market ($USD4.57M).
Compensation vs Earnings: Todd's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.42yrs | US$2.28m | 0.13% $ 1.9m | |
| Senior EVP | 19.08yrs | US$1.04m | 0.050% $ 705.6k | |
| Senior Executive VP and Group Head of Human Resources & Facilities | no data | US$691.17k | 0.034% $ 475.9k | |
| Executive Vice President of Wealth Management | 8.25yrs | US$728.00k | 0.040% $ 556.4k | |
| Senior EVP and Group Head of Banking & Trust | 5.5yrs | US$1.01m | 0.055% $ 778.2k | |
| Executive VP & Director of Operations | 0.83yr | no data | no data | |
| Senior Executive VP and Group Head of Risk & Administration | no data | no data | 0.036% $ 508.1k | |
| Senior Vice President of Investor & Public Relations | 4.67yrs | no data | no data | |
| Chief Compliance Officer | no data | no data | no data | |
| Executive VP & Chief Internal Auditor | no data | no data | 0.056% $ 792.3k | |
| Executive Vice President & Retail Banking Officer | no data | US$636.82k | 0.020% $ 277.7k | |
| Executive VP & Chief Credit Officer | 5.17yrs | no data | 0.047% $ 659.7k |
5.5yrs
Average Tenure
60.5yo
Average Age
Experienced Management: WSBC's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.42yrs | US$2.28m | 0.13% $ 1.9m | |
| Director | 5.58yrs | US$64.50k | 0.25% $ 3.5m | |
| Independent Director | 12.83yrs | US$61.25k | 0.044% $ 615.7k | |
| Independent Director | 17.67yrs | US$53.50k | 0.22% $ 3.1m | |
| Independent Director | 23.75yrs | US$72.00k | 0.013% $ 179.4k | |
| Independent Chairman of the Board | 1.42yrs | US$106.25k | 0.25% $ 3.6m | |
| Independent Director | 18.5yrs | US$54.00k | 0.22% $ 3.1m | |
| Independent Director | 4.42yrs | US$47.50k | 0.011% $ 150.4k | |
| Independent Director | 13.42yrs | US$55.00k | 0.063% $ 891.0k | |
| Independent Director | 5.58yrs | US$48.00k | 0.027% $ 384.3k | |
| Independent Director | 4.42yrs | US$57.00k | 0.19% $ 2.7m | |
| Director | 4.42yrs | US$90.75k | 0.014% $ 193.7k |
6.0yrs
Average Tenure
61.5yo
Average Age
Experienced Board: WSBC's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WSBC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.9%.
Top Shareholders
Company Information
WesBanco, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: WesBanco, Inc.
- Ticker: WSBC
- Exchange: NasdaqGS
- Founded: 1870
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.405b
- Shares outstanding: 67.21m
- Website: https://www.wesbanco.com
Number of Employees
Location
- WesBanco, Inc.
- 1 Bank Plaza
- Wheeling
- West Virginia
- 26003
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WSBC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 1977 |
| WEY | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 1977 |
| WSBC.P | NasdaqGS (Nasdaq Global Select) | 6.75% DP PFD A | US | USD | Aug 2020 |
Biography
WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance serv ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/22 05:39 |
| End of Day Share Price | 2020/09/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.