$ 0.67 expected EPS for WesBanco, Inc. (NASDAQ: WSBC) this quarter
Brokerages forecast that WesBanco, Inc. (NASDAQ: WSBC) will post earnings per share of $ 0.67 for the current quarter, according to Zacks. Four analysts have released earnings estimates for WesBanco, with estimates ranging from $ 0.61 to $ 0.73. WesBanco reported earnings per share of $ 0.76 in the same quarter last year, suggesting a negative year-over-year growth rate of 11.8%. The company is expected to release its next results on Tuesday, January 25.
According to Zacks, analysts expect WesBanco to report annual earnings of $ 3.39 per share for the current fiscal year, with EPS estimates ranging from $ 3.38 to $ 3.39. For next year, analysts expect the company to report earnings of $ 2.48 per share, with EPS estimates ranging from $ 2.35 to $ 2.62. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts who follow WesBanco.
WesBanco (NASDAQ: WSBC) last released its results on Tuesday, October 26. The financial services provider reported $ 0.70 of EPS for the quarter, missing the Thomson Reuters consensus estimate of $ 0.77 per ($ 0.07). WesBanco had a net margin of 37.95% and a return on equity of 9.23%. The company posted revenue of $ 148.03 million in the quarter, compared to analysts’ estimates of $ 146.23 million. In the same quarter of the previous year, the company posted EPS of $ 0.66. The company’s revenue for the quarter was down 4.6% year-over-year.
WSBC has been the subject of several research reports. Royal Bank of Canada raised its price target for WesBanco shares from $ 36.00 to $ 38.00 and gave the stock a “sector performance” rating in a research report released on Wednesday, September 29. . Zacks investment research downgraded WesBanco’s shares from a “buy” rating to a “custody” rating in a research report released on Tuesday, October 5. Finally, Boenning Scattergood reiterated a “neutral” rating on WesBanco shares in a research report on Wednesday, September 29. Six equity research analysts rated the stock with a maintenance rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $ 37.00.
NASDAQ: WSBC shares opened at $ 34.09 on Thursday. WesBanco has a 52 week low of $ 28.25 and a 52 week high of $ 39.87. The company has a debt to equity ratio of 0.15, a quick ratio of 0.81, and a current ratio of 0.81. The company’s fifty-day moving average is $ 35.04 and its 200-day moving average is $ 34.48. The company has a market cap of $ 2.16 billion, a PE ratio of 9.88 and a beta of 1.02.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 3. Shareholders of record on Friday, December 10 will receive a dividend of $ 0.33. The ex-dividend date is Thursday, December 9. This represents a dividend of $ 1.32 on an annualized basis and a dividend yield of 3.87%. WesBanco’s dividend payout ratio (DPR) is currently 38.26%.
In addition, director James W. Cornelsen sold 30,907 shares in a transaction that took place on Tuesday, November 23. The stock was sold for an average price of $ 35.56, for a total trade of $ 1,099,052.92. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which is available through this hyperlink. In addition, director Stephen J. Callen bought 5,000 shares in a trade that took place on Monday, December 20. The shares were acquired at an average cost of $ 32.72 per share, for a total value of $ 163,600.00. Disclosure of this purchase can be found here. Company insiders own 3.13% of the company’s shares.
A number of hedge funds and other institutional investors have recently bought and sold shares of WSBC. Jefferies Group LLC purchased a new position in WesBanco shares during the third quarter valued at approximately $ 214,000. UBS Asset Management Americas Inc. increased its stake in WesBanco shares by 3.1% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 74,104 shares of the financial services provider valued at $ 2,525,000 after acquiring an additional 2,195 shares in the last quarter. Comerica Bank increased its stake in WesBanco shares by 77.1% during the 3rd quarter. Comerica Bank now owns 14,163 shares of the financial services provider valued at $ 497,000 after acquiring an additional 6,167 shares in the last quarter. Bank of New York Mellon Corp increased its stake in WesBanco shares by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 570,803 shares of the financial services provider valued at $ 19,453,000 after acquiring an additional 10,362 shares in the last quarter. Finally, Cetera Advisors LLC increased its stake in WesBanco shares by 5.7% during the 3rd quarter. Cetera Advisors LLC now owns 10,759 shares of the financial services provider valued at $ 367,000 after acquiring 583 additional shares in the last quarter. 62.19% of the shares are held by institutional investors and hedge funds.
WesBanco Company Profile
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking and Trust and Investment Services. The community banking segment provides services traditionally offered by commercial banking services, including sight, sight and term commercial 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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