NasdaqGS:WSBC

Stock Analysis Report

Executive Summary

WesBanco, Inc. operates as the holding company for WesBanco Bank, Inc.

Snowflake

Fundamentals

Flawless balance sheet with proven track record and pays a dividend.


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


Market Performance


7 Day Return

2.4%

WSBC

2.7%

US Banks

0.4%

US Market


1 Year Return

-6.4%

WSBC

2.7%

US Banks

6.9%

US Market

Return vs Industry: WSBC underperformed the US Banks industry which returned 2.7% over the past year.

Return vs Market: WSBC underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

WSBCIndustryMarket
7 Day2.4%2.7%0.4%
30 Day0.6%0.7%-1.1%
90 Day2.5%3.0%-0.5%
1 Year-3.3%-6.4%5.7%2.7%9.3%6.9%
3 Year25.0%14.9%52.1%41.6%45.8%36.4%
5 Year32.7%15.2%69.2%50.7%62.9%45.1%

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

Valuation

Is WesBanco undervalued compared to its fair value and its price relative to the market?

12.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WSBC ($38.19) is trading above our estimate of fair value ($37.08)

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 (12.7x) compared to the Banks industry average (12.6x).

PE vs Market: WSBC is good value based on its PE Ratio (12.7x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: WSBC is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: WSBC is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is WesBanco forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

17.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WSBC's forecast earnings growth (17.2% per year) is above the savings rate (2.7%).

Earnings vs Market: WSBC's earnings (17.2% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: WSBC's earnings are forecast to grow, but not significantly.

Revenue vs Market: WSBC's revenue (13.4% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: WSBC's revenue (13.4% 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 (8.2%).


Next Steps

Past Performance

How has WesBanco performed over the past 5 years?

16.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WSBC's earnings have grown by 16.7% per year over the past 5 years.

Accelerating Growth: WSBC's earnings growth over the past year (48.3%) exceeds its 5-year average (16.7% per year).

Earnings vs Industry: WSBC earnings growth over the past year (48.3%) exceeded the Banks industry 29.6%.


Return on Equity

High ROE: WSBC's Return on Equity (7.8%) is considered low.


Return on Assets

ROA vs Industry: WSBC has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate WSBC's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: WSBC has a low level of unsold assets or inventory.

Debt Coverage by Assets: WSBC's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: WSBC's level of assets compared to its equity is low.

Allowance for Bad Loans: WSBC has a sufficient allowance for bad loans.

Low Risk Liabilities: WSBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: WSBC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: WSBC's loans are broadly funded by customer deposits.

Level of Bad Loans: WSBC has an appropriate level of bad loans (0.49%)


Next Steps

Dividend

What is WesBanco's current dividend yield, its reliability and sustainability?

3.25%

Current Dividend Yield


Dividend Yield vs Market

company3.2%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years3.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: WSBC's dividend (3.25%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: WSBC's dividend (3.25%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: WSBC's dividend payments have been volatile in the past 10 years.

Growing Dividend: WSBC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.8%), WSBC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WSBC's dividends in 3 years are forecast to be well covered by earnings (39.8% payout ratio).


Next Steps

Management

What is the CEO of WesBanco's salary, the management and board of directors tenure and is there insider trading?

5.0yrs

Average management tenure


CEO

Todd Clossin (57yo)

5.5yrs

Tenure

US$1,894,631

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 ($USD1.89M) is about average for companies of similar size in the US market ($USD4.00M).

Compensation vs Earnings: Todd's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.0yrs

Average Tenure

61yo

Average Age

Experienced Management: WSBC's management team is seasoned and experienced (5 years average tenure).


Board Age and Tenure

8.7yrs

Average Tenure

60.5yo

Average Age

Experienced Board: WSBC's board of directors are considered experienced (8.7 years average tenure).


Insider Trading

Insider Buying: WSBC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$236,32416 Aug 19
Stephen Callen
EntityIndividual
Shares7,000
Max PriceUS$33.79
SellUS$194,42329 Jul 19
Brent Richmond
EntityIndividual
Shares5,323
Max PriceUS$36.53
BuyUS$44,65222 Mar 19
Kerry Stemler
EntityIndividual
Shares1,183
Max PriceUS$37.75
BuyUS$50,57122 Mar 19
Kerry Stemler
EntityIndividual
Shares1,343
Max PriceUS$37.67
BuyUS$28,59222 Feb 19
Denise Knouse-Snyder
EntityIndividual
Shares675
Max PriceUS$42.36

Ownership Breakdown


Management Team

  • Bob Young (62yo)

    Executive VP & CFO

    • Tenure: 18.2yrs
    • Compensation: US$746.98k
  • Jay Zatta (59yo)

    Executive VP & Chief Banking Officer

    • Tenure: 4.6yrs
    • Compensation: US$816.99k
  • Stephen Lawrence (62yo)

    Executive VP & Chief Internal Auditor

    • Tenure: 0yrs
  • Michael Perkins (53yo)

    Executive VP & Chief Risk and Administrative Officer

    • Tenure: 0yrs
  • Todd Clossin (57yo)

    President

    • Tenure: 5.5yrs
    • Compensation: US$1.89m
  • Lynn Asensio (63yo)

    Executive Vice President & Retail Banking Officer

    • Tenure: 0yrs
    • Compensation: US$636.82k
  • Jonathan Dargusch (61yo)

    Executive Vice President of Wealth Management

    • Tenure: 7.3yrs
    • Compensation: US$620.14k
  • Anthony Pietranton (59yo)

    Executive Vice President of Human Resources

    • Tenure: 0yrs
    • Compensation: US$578.04k
  • Ivan Burdine (62yo)

    Executive VP & Chief Credit Officer

    • Tenure: 4.3yrs
  • John Iannone

    Senior Vice President of Investor & Public Relations

    • Tenure: 3.8yrs

Board Members

  • Charlotte Zuschlag (67yo)

    Director

    • Tenure: 4.7yrs
    • Compensation: US$48.00k
  • D. Knox (58yo)

    Independent Director

    • Tenure: 11.9yrs
    • Compensation: US$48.25k
  • Jay McCamic (63yo)

    Independent Director

    • Tenure: 16.8yrs
    • Compensation: US$40.00k
  • Reed Tanner (65yo)

    Independent Director

    • Tenure: 22.8yrs
    • Compensation: US$45.25k
  • Christopher Criss (63yo)

    Chairman of the Board

    • Tenure: 0.5yrs
    • Compensation: US$70.75k
  • Abigail Feinknopf (51yo)

    Director

    • Tenure: 17.6yrs
    • Compensation: US$41.00k
  • Lisa Knutson (53yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: US$34.00k
  • F. Nelson (58yo)

    Independent Director

    • Tenure: 12.5yrs
    • Compensation: US$39.50k
  • Todd Clossin (57yo)

    President

    • Tenure: 5.5yrs
    • Compensation: US$1.89m
  • Ronald Owen (69yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$35.00k

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$2.089b
  • Shares outstanding: 54.69m
  • Website: https://www.wesbanco.com

Number of Employees


Location

  • WesBanco, Inc.
  • 1 Bank Plaza
  • Wheeling
  • West Virginia
  • 26003
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WSBCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1977

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 23:45
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.