NasdaqGS:WSBC

Stock Analysis Report

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Executive Summary

WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. More Details


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

0.6%

WSBC

-3.3%

US Banks

-2.4%

US Market


1 Year Return

-40.1%

WSBC

-29.0%

US Banks

18.2%

US Market

Return vs Industry: WSBC underperformed the US Banks industry which returned -28% over the past year.

Return vs Market: WSBC underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

WSBCIndustryMarket
7 Day0.6%-3.3%-2.4%
30 Day4.3%-0.2%4.2%
90 Day14.3%-1.1%6.3%
1 Year-37.1%-40.1%-26.4%-29.0%20.9%18.2%
3 Year-35.7%-42.3%-19.4%-26.1%41.2%31.8%
5 Year-14.2%-27.2%16.5%2.0%84.8%63.9%

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?

14.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WSBC ($23.39) is trading above our estimate of fair value ($14.61)

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 (14.4x) compared to the US Banks industry average (9.9x).

PE vs Market: WSBC is good value based on its PE Ratio (14.4x) compared to the US market (19x).


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 (0.6x) 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 8 analysts?

17.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WSBC's forecast earnings growth (17.3% per year) is above the savings rate (2.2%).

Earnings vs Market: WSBC's earnings (17.3% per year) are forecast to grow slower than the US market (22.1% per year).

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

Revenue vs Market: WSBC's revenue (2% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: WSBC's revenue (2% 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 (5%).


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?

5.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WSBC's dividend (5.47%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: WSBC's dividend (5.47%) is in the top 25% of dividend payers in the US market (4.66%)


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 (65.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.6yrs

Average management tenure


CEO

Todd Clossin (58 yo)

6.5yrs

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 ($USD2.28M) is below average for companies of similar size in the US market ($USD4.44M).

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

NamePositionTenureCompensationOwnership
Todd Clossin
President6.5yrsUS$2.28m0.13%
$ 2.1m
Robert Young
Senior EVP19.17yrsUS$1.04m0.050%
$ 789.7k
Anthony Pietranton
Senior Executive VP and Group Head of Human Resources & Facilitiesno dataUS$691.17k0.034%
$ 532.6k
Jonathan Dargusch
Executive Vice President of Wealth Management8.33yrsUS$728.00k0.040%
$ 622.7k
Jayson Zatta
Senior EVP and Group Head of Banking & Trust5.58yrsUS$1.01m0.055%
$ 870.9k
Jan Pattishall-Krupinski
Executive VP & Director of Operations0.92yrno datano data
Michael Perkins
Senior Executive VP and Group Head of Risk & Administrationno datano data0.036%
$ 568.6k
John Iannone
Senior Vice President of Investor & Public Relations4.75yrsno datano data
Jennifer Roth
Chief Compliance Officerno datano datano data
Stephen Lawrence
Executive VP & Chief Internal Auditorno datano data0.056%
$ 886.6k
Lynn Asensio
Executive Vice President & Retail Banking Officerno dataUS$636.82kno data
Ivan Burdine
Executive VP & Chief Credit Officer5.25yrsno data0.047%
$ 738.2k

5.6yrs

Average Tenure

60.5yo

Average Age

Experienced Management: WSBC's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Todd Clossin
President6.5yrsUS$2.28m0.13%
$ 2.1m
Charlotte Zuschlag
Director5.67yrsUS$64.50k0.25%
$ 4.0m
D. Knox
Independent Director12.92yrsUS$61.25k0.044%
$ 689.0k
Jay McCamic
Independent Director17.75yrsUS$53.50k0.22%
$ 3.4m
Reed Tanner
Independent Director23.83yrsUS$72.00k0.013%
$ 200.8k
Christopher Criss
Independent Chairman of the Board1.5yrsUS$106.25k0.25%
$ 4.0m
Abigail Feinknopf
Independent Director18.58yrsUS$54.00k0.22%
$ 3.5m
Lisa Knutson
Independent Director4.5yrsUS$47.50k0.011%
$ 168.4k
F. Nelson
Independent Director13.5yrsUS$55.00k0.063%
$ 997.2k
Ronald Owen
Independent Director5.67yrsUS$48.00k0.027%
$ 430.1k
Stephen Callen
Independent Director4.5yrsUS$57.00k0.19%
$ 3.0m
Denise Knouse-Snyder
Director4.5yrsUS$90.75k0.014%
$ 216.8k

6.1yrs

Average Tenure

61.5yo

Average Age

Experienced Board: WSBC's board of directors are considered experienced (6.1 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$1.572b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WSBCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1977
WEYDB (Deutsche Boerse AG)YesCommon StockDEEURApr 1977
WSBC.PNasdaqGS (Nasdaq Global Select)6.75% DP PFD AUSUSDAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 00:04
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.