Brokerages expect WesBanco Inc (NASDAQ:WSBC) to post earnings of $0.69 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for WesBanco’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.70. WesBanco reported earnings per share of $0.82 during the same quarter last year, which suggests a negative year-over-year growth rate of 15.9%. The firm is expected to report its next earnings report after the market closes on Monday, January 27th.
On average, analysts expect that WesBanco will report full-year earnings of $2.95 per share for the current year, with EPS estimates ranging from $2.94 to $2.95. For the next year, analysts expect that the business will report earnings of $3.01 per share, with EPS estimates ranging from $2.90 to $3.15. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow WesBanco.
WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.10). WesBanco had a net margin of 28.22% and a return on equity of 8.38%. The business had revenue of $117.35 million for the quarter, compared to the consensus estimate of $126.48 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis.
Several brokerages have recently issued reports on WSBC. Stephens began coverage on shares of WesBanco in a report on Monday, January 6th. They issued an “overweight” rating and a $41.50 target price on the stock. ValuEngine upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut shares of WesBanco from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, BidaskClub cut shares of WesBanco from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. WesBanco presently has an average rating of “Hold” and an average target price of $41.38.
Shares of WesBanco stock traded down $0.02 on Friday, hitting $36.81. The stock had a trading volume of 143,085 shares, compared to its average volume of 185,168. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.63. WesBanco has a one year low of $33.19 and a one year high of $43.13. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 11.77 and a beta of 1.13. The stock’s 50-day simple moving average is $37.09 and its two-hundred day simple moving average is $36.78.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, December 12th. WesBanco’s dividend payout ratio is currently 38.63%.
In other WesBanco news, Director Michael J. Crawford sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $37.51, for a total transaction of $375,100.00. Following the completion of the transaction, the director now owns 1,650 shares of the company’s stock, valued at $61,891.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd Clossin acquired 7,500 shares of the stock in a transaction on Friday, October 25th. The shares were purchased at an average cost of $36.46 per share, with a total value of $273,450.00. Following the transaction, the chief executive officer now directly owns 63,912 shares of the company’s stock, valued at approximately $2,330,231.52. The disclosure for this purchase can be found here. Company insiders own 3.24% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in WesBanco by 1.7% during the second quarter. BlackRock Inc. now owns 3,924,029 shares of the financial services provider’s stock valued at $151,272,000 after buying an additional 63,742 shares during the period. Northern Trust Corp lifted its position in WesBanco by 8.8% during the second quarter. Northern Trust Corp now owns 1,135,420 shares of the financial services provider’s stock valued at $43,771,000 after buying an additional 91,916 shares during the period. Nuveen Asset Management LLC purchased a new position in WesBanco during the second quarter valued at $16,659,000. Charles Schwab Investment Management Inc. lifted its position in WesBanco by 2.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 374,364 shares of the financial services provider’s stock valued at $14,432,000 after buying an additional 8,305 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in WesBanco by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 329,305 shares of the financial services provider’s stock valued at $12,695,000 after buying an additional 1,048 shares during the period. 61.69% of the stock is owned by institutional investors and hedge funds.
WesBanco Company Profile
WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.
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