Equity research analysts expect WesBanco, Inc. (NASDAQ: WSBC) to post earnings of $ 0.75 per share for the current fiscal quarter, Zacks reports. Three analysts provided earnings estimates for WesBanco, with the highest EPS estimate being $ 0.80 and the lowest estimate being $ 0.63. WesBanco reported earnings per share of $ 0.66 in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The company is expected to release its next quarterly results on Wednesday, October 20.
According to Zacks, analysts expect WesBanco to report annual earnings of $ 3.40 per share for the current year, with EPS estimates ranging from $ 3.15 to $ 3.60. For next year, analysts predict the company will post earnings of $ 2.49 per share, with EPS estimates ranging from $ 2.35 to $ 2.62. Zacks’ EPS calculations are an average based on a survey of research companies that cover WesBanco.
WesBanco (NASDAQ: WSBC) last announced its quarterly earnings data on Tuesday, July 27. The financial services provider reported earnings per share (EPS) of $ 1.01 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.75 of $ 0.26. WesBanco recorded a return on equity of 9.17% and a net margin of 36.64%. The company posted revenue of $ 151.97 million for the quarter, against analysts’ expectations of $ 149.17 million. During the same period last year, the company posted earnings per share of $ 0.07. The company’s revenue for the quarter increased 0.1% year-over-year.
A number of equity research analysts have published reports on the company. Zacks Investment Research downgraded WesBanco from a “buy” rating to a “custody” rating in a Thursday, August 5 research note. Raymond James downgraded WesBanco shares from an “outperformance” rating to a “market performance” rating in a research note on Thursday, July 8. Finally, B. Riley reaffirmed a “neutral” rating on WesBanco shares in a research note on Tuesday, July 27. Seven equity research analysts rated the stock with a maintenance rating. According to MarketBeat data, the company currently has a consensus rating of “Hold” and an average price target of $ 33.25.
WSBC stock opened at $ 31.25 on Friday. The company has a debt to equity ratio of 0.19, a quick ratio of 0.83, and a current ratio of 0.83. The stock has a market cap of $ 2.04 billion, a price-to-earnings ratio of 9.14 and a beta of 1.09. WesBanco has a one-year low at $ 19.56 and a one-year high at $ 39.87. The stock’s fifty-day moving average is $ 33.15 and its two-hundred-day moving average is $ 35.58.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 1. Investors of record on Friday, September 10 will receive a dividend of $ 0.33 per share. This represents a dividend of $ 1.32 on an annualized basis and a return of 4.22%. The ex-dividend date of this dividend is Thursday, September 9. WesBanco’s payout ratio is currently 70.21%.
Large investors have recently increased or reduced their holdings in the stock. Envestnet Asset Management Inc. increased its stake in WesBanco by 43.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 51,601 shares of the financial services provider valued at $ 1,861,000 after purchasing an additional 15,513 shares in the last quarter. IndexIQ Advisors LLC increased its stake in WesBanco by 25.5% in the 1st quarter. IndexIQ Advisors LLC now owns 11,087 shares of the financial services provider valued at $ 400,000 after purchasing an additional 2,250 shares in the last quarter. The Swiss National Bank increased its stake in WesBanco by 1.1% in the first quarter. The Swiss National Bank now owns 153,545 shares of the financial services provider valued at $ 5,537,000 after purchasing an additional 1,600 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in WesBanco by 130.4% in the first quarter. BNP Paribas Arbitrage SA now owns 28,931 shares of the financial services provider valued at $ 1,043,000 after purchasing an additional 16,374 shares in the last quarter. Finally, BlackRock Inc. increased its stake in WesBanco by 5.7% in the 1st quarter. BlackRock Inc. now owns 5,459,082 shares of the financial services provider valued at $ 196,855,000 after purchasing an additional 296,406 shares in the last quarter. 62.31% of the shares are currently held by hedge funds and other institutional investors.
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking Services and Trust and Investment Services. The Community Banking segment provides services traditionally offered by service commercial banks, including commercial sight, individual sight and term accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.
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