This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

10 Bank Dividends with Room to Rise

9. WesBanco

Shares of WesBanco (WSBC) of Wheeling, W.V., closed at $19.47 Monday, returning 4% over the previous year. Based on a quarterly payout of 15 cents, the shares have a dividend yield of 3.08%.

The company had $5.4 billion in total assets as of March 31, with 112 branches in West Virginia, Ohio and Western Pennsylvania.

WesBanco reported first-quarter net income of $10.2 million, or 39 cents a share, increasing from $7.9 million, or 30 cents s share, in the first quarter of 2010. The company's provision for credit losses declined to $8 million during the first quarter from $11.5 million a year earlier. Despite a decline in interest revenue, net interest income increased 2% year-over-year to $41.5 million, "due to the management of rates on loans and other earning assets, while significantly improving the funding mix to reduce overall cost of funds for both deposits and other borrowings."

The first-quarter net interest margin was 3.63%, increasing from 3.54% a year earlier. The first-quarter ROA was 0.76%.

After the first-quarter earnings release, Kenneth James of Sterne Agee reiterated his neutral rating on the shares, although he increased his 2011 earnings estimate for WesBanco by 12 cents to $1.57 a share, and his 2012 estimate by 10 cents to $1.70, calling the company's results "a solid quarter." While James said the shares were "attractively valued relative to peers," he also said that "going forward, upside surprises likely will be more difficult given increased estimates, limited additional net interest margin upside and lack of loan growth."

The shares trade for 11 times the consensus 2012 earnings estimate of $1.79 a share.

One of the eight analysts covering WesBanco rates the shares a buy, while the remaining analysts all have neutral ratings.

3 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BOH $61.21 0.00%
CBU $35.39 0.00%
CFR $69.08 0.00%
FFBC $17.81 0.00%
HCBK $10.48 0.00%

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs