Analysts expect WesBanco, Inc. (NASDAQ:WSBC – Get a rating) to report earnings per share of $0.62 for the current fiscal quarter, based on Zacks Investment Research. Four analysts have released earnings estimates for WesBanco. The highest EPS estimate is $0.67 and the lowest is $0.56. WesBanco posted earnings per share of $1.06 in the same quarter last year, indicating a negative growth rate of 41.5% year-over-year. The company is expected to announce its next quarterly results on Tuesday, April 26.
On average, analysts expect WesBanco to report annual earnings of $2.51 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.68. For the next fiscal year, analysts expect the company to post earnings of $2.62 per share, with EPS estimates ranging from $2.20 to $2.92. Zacks earnings per share calculations are an average average based on a survey of research companies that track WesBanco.
WesBanco (NASDAQ:WSBC – Get a rating) last released its results on Tuesday, January 25. The financial services provider reported EPS of $0.82 for the quarter, beating analyst consensus estimates of $0.69 by $0.13. The company posted revenue of $141.04 million in the quarter, compared to $145.33 million expected by analysts. WesBanco achieved a net margin of 39.22% and a return on equity of 9.32%. In the same quarter of the previous year, the company had earned earnings per share of $0.76.
A number of research companies have recently published reports on WSBC. B. Riley raised his price target on WesBanco stock from $34.00 to $35.00 in a Wednesday, January 12 research note. Zacks Investment Research downgraded WesBanco shares from a “buy” to a “hold” rating in a research report on Saturday, January 29. Six analysts rated the stock with a holding rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.00.
NASDAQ: WSBC traded $0.43 on Monday, hitting $35.50. The stock had a trading volume of 279,336 shares, compared to an average volume of 260,107. The company has a quick ratio of 0.81, a current ratio of 0.80 and a leverage ratio of 0.12. . The stock has a market capitalization of $2.18 billion, a price-earnings ratio of 10.09 and a beta of 0.98. The company has a fifty-day moving average price of $36.31 and a two-hundred-day moving average price of $35.08. WesBanco has a 1 year minimum of $30.21 and a 1 year maximum of $39.87.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 1. Shareholders of record on Friday, March 11 will receive a dividend of $0.34 per share. This is an increase from WesBanco’s previous quarterly dividend of $0.33. This represents an annualized dividend of $1.36 and a yield of 3.83%. The ex-dividend date is Thursday, March 10. WesBanco’s dividend payout ratio (DPR) is 38.64%.
In other news, F Director Eric Nelson, Jr. sold 1,196 shares of WesBanco in a trade that took place on Wednesday, December 22. The shares were sold at an average price of $33.46, for a total transaction of $40,018.16. The transaction was disclosed in a document filed with the SEC, accessible via this link. Also, VPE Jonathan D. Dargusch sold 1,121 WesBanco shares in a trade on Tuesday, February 8. The stock was sold at an average price of $36.93, for a total transaction of $41,398.53. Disclosure of this sale can be found here. Insiders of the company own 3.13% of the shares of the company.
Hedge funds have recently increased or reduced their stakes in the company. Norges Bank acquired a new stake in WesBanco in the fourth quarter worth approximately $22,548,000. State Street Corp increased its stake in WesBanco by 27.1% during the fourth quarter. State Street Corp now owns 2,666,868 shares of the financial services provider worth $93,990,000 after purchasing an additional 569,251 shares during the period. BlackRock Inc. increased its stake in WesBanco by 3.3% during the 4th quarter. BlackRock Inc. now owns 5,541,085 shares of the financial services provider worth $193,884,000 after purchasing an additional 176,350 shares during the period. Earnest Partners LLC increased its stake in WesBanco by 24.2% during the 4th quarter. Earnest Partners LLC now owns 690,381 shares of the financial services provider worth $24,156,000 after purchasing an additional 134,416 shares during the period. Finally, Morgan Stanley increased its stake in WesBanco shares by 171.1% in the 2nd quarter. Morgan Stanley now owns 204,113 shares of the financial services provider valued at $7,272,000 after purchasing an additional 128,822 shares during the period. Hedge funds and other institutional investors hold 60.15% of the company’s shares.
WesBanco Company Profile (Get a rating)
WesBanco, Inc is a bank holding company that provides financial services. It operates through the following segments: Community Banking and Trust and Investment Services. The Community Banking segment provides services traditionally offered by commercial service banks, including commercial current accounts, individual current accounts and term deposit accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as insurance and securities brokerage. services.
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