Brokerages predict that WesBanco Inc (NASDAQ:WSBC) will post earnings of $0.82 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for WesBanco’s earnings. The highest EPS estimate is $0.82 and the lowest is $0.81. WesBanco posted earnings of $0.80 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The business is scheduled to report its next quarterly earnings results on Monday, July 22nd.
On average, analysts expect that WesBanco will report full year earnings of $3.24 per share for the current fiscal year, with EPS estimates ranging from $3.17 to $3.29. For the next financial year, analysts expect that the firm will post earnings of $3.34 per share, with EPS estimates ranging from $3.17 to $3.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for WesBanco.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.02). WesBanco had a return on equity of 8.92% and a net margin of 27.17%. The business had revenue of $126.13 million during the quarter, compared to the consensus estimate of $127.68 million. During the same quarter in the previous year, the business posted $0.76 earnings per share. The firm’s revenue was up 29.7% on a year-over-year basis.
A number of brokerages have recently issued reports on WSBC. BidaskClub raised shares of WesBanco from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. Zacks Investment Research cut shares of WesBanco from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Boenning Scattergood reissued a “hold” rating on shares of WesBanco in a research note on Wednesday, April 17th. ValuEngine cut shares of WesBanco from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, Hovde Group began coverage on shares of WesBanco in a research note on Monday, June 17th. They issued an “outperform” rating and a $42.00 price objective for the company. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $44.00.
Shares of NASDAQ WSBC traded down $0.03 during midday trading on Friday, reaching $36.83. The stock had a trading volume of 5,258 shares, compared to its average volume of 231,343. The business’s 50-day simple moving average is $37.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $2.02 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 1.12 and a beta of 1.12. WesBanco has a 12-month low of $34.14 and a 12-month high of $51.12.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.37%. WesBanco’s dividend payout ratio (DPR) is presently 38.63%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Trustcore Financial Services LLC purchased a new stake in shares of WesBanco in the first quarter worth $25,000. Executive Wealth Management LLC purchased a new stake in shares of WesBanco in the fourth quarter worth $27,000. Public Employees Retirement System of Ohio increased its stake in shares of WesBanco by 52.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 727 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 250 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of WesBanco by 55.8% in the fourth quarter. Advisory Services Network LLC now owns 765 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 274 shares in the last quarter. Finally, Horan Capital Advisors LLC. purchased a new stake in shares of WesBanco in the first quarter worth $164,000. 57.51% of the stock is owned by hedge funds and other institutional investors.
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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