Analysts expect WesBanco, Inc. (NASDAQ:WSBC) to report earnings of $0.62 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts provided earnings estimates for WesBanco, with the lowest EPS estimate of $0.56 and the highest estimate of $0.67. WesBanco reported earnings per share of $1.06 in the same quarter last year, suggesting a negative 41.5% year-over-year growth rate. The company is due to release its next quarterly earnings report 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 $2.56 per share, with EPS estimates ranging from $2.20 to $2.70. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of sell-side research firms that provide coverage for WesBanco.
WesBanco Inc (NASDAQ:WSBC) last released its quarterly earnings data on Monday, January 24. The financial services provider reported earnings per share (EPS) of $0.82 for the quarter, beating Thomson Reuters consensus estimate of $0.71 by $0.11. WesBanco achieved a net margin of 39.22% and a return on equity of 9.26%. In the same quarter a year earlier, the company earned $0.76 per share.
A number of brokerages have commented 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 moved WesBanco shares from a “buy” rating to a “hold” rating in a research note on Saturday. Six analysts rated the stock with a holding rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.00.
WesBanco stock opened Wednesday at $35.85. The company has a market capitalization of $2.27 billion, a P/E ratio of 10.18 and a beta of 1.03. WesBanco has a 1-year minimum of $29.39 and a 1-year maximum of $39.87. The company has a fifty-day simple moving average of $35.28 and a 200-day simple moving average of $34.55. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt ratio of 0.15.
The company also recently announced a quarterly dividend, which was paid on Monday, January 3. Shareholders of record on Friday, December 10 received a dividend of $0.33 per share. This represents a dividend of $1.32 on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Thursday, December 9. WesBanco’s dividend payout ratio is currently 37.50%.
In other WesBanco news, Director Joseph R. Robinson purchased 3,000 shares in a trade that took place on Thursday, January 27. The shares were acquired at an average cost of $34.80 per share, with a total value of $104,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. Additionally, director Stephen J. Callen purchased 5,000 shares of the company in a transaction on Monday, December 20. The shares were purchased at an average cost of $32.72 per share, for a total transaction of $163,600.00. Disclosure of this purchase can be found here. Insiders of the company own 3.13% of the shares of the company.
A number of hedge funds have recently increased or reduced their stakes in WSBC. Evermay Wealth Management LLC bought a new position in WesBanco in Q2, valued at around $36,000. Federated Hermes Inc. bought a new position in WesBanco in Q2 valued at around $38,000. O Shaughnessy Asset Management LLC bought a new position in WesBanco in Q3 worth around $54,000. Advisory Services Network LLC purchased a new stake in WesBanco stock during Q2 valued at approximately $80,000. Finally, Widmann Financial Services Inc. purchased a new equity stake in WesBanco during Q4 valued at approximately $88,000. 60.06% of the shares are currently held by hedge funds and other institutional investors.
WesBanco Company Profile
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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