$137.94 million in sales expected for WesBanco, Inc. (NASDAQ:WSBC) this quarter
Brokers expect WesBanco, Inc. (NASDAQ:WSBC – Get a rating) to report $137.94 million in sales for the current quarter, according to Zacks Investment Research. Four analysts made estimates of WesBanco’s earnings. The highest sales estimate is $141.40 million and the lowest is $134.77 million. WesBanco reported sales of $149.69 million in the same quarter last year, suggesting a negative 7.8% year-over-year growth rate. The company is expected to release its next results on Tuesday, April 26.
On average, analysts expect WesBanco to record annual revenue of $555.70 million for the current year, with estimates ranging from $549.08 million to $563.22 million. dollars. For the next fiscal year, analysts expect the company to post sales of $580.93 million, with estimates ranging from $568.03 million to $595.80 million. Zacks sales averages are an average average based on a survey of research analysts who cover WesBanco.
WesBanco (NASDAQ:WSBC – Get a rating) last released its quarterly earnings data on Monday, January 24. The financial services provider reported EPS of $0.82 for the quarter, beating the Zacks consensus estimate of $0.71 by $0.11. WesBanco achieved a return on equity of 9.26% and a net margin of 39.22%. In the same quarter last year, the company posted EPS of $0.76.
A number of analysts have published reports on the company. B. Riley raised his target price on WesBanco from $34.00 to $35.00 in a Wednesday, January 12 report. Zacks Investment Research downgraded WesBanco from a “buy” rating to a “hold” rating in a report on Saturday, January 29. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.00.
In other news, EVP Jonathan D. Dargusch sold 1,121 WesBanco shares in a transaction that took place on Tuesday, February 8. The stock was sold at an average price of $36.93, for a total transaction of $41,398.53. The sale was disclosed in an SEC filing, available at this hyperlink. Also, director F Eric Nelson, Jr. sold 1,196 WesBanco shares in a trade that took place on Wednesday, December 22. The stock was sold at an average price of $33.46, for a total value of $40,018.16. Disclosure of this sale can be found here. 3.13% of the shares are currently held by insiders of the company.
Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in WesBanco shares by 1.8% during the second quarter. Vanguard Group Inc. now owns 6,221,742 shares of the financial services provider worth $221,680,000 after purchasing an additional 108,676 shares during the period. BlackRock Inc. raised its position in WesBanco by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,541,085 shares of the financial services provider valued at $193,884,000 after buying an additional 176,350 shares in the last quarter. State Street Corp raised its position in WesBanco by 27.1% in the fourth quarter. State Street Corp now owns 2,666,868 shares of the financial services provider valued at $93,990,000 after buying an additional 569,251 shares in the last quarter. Bank of America Corp DE increased its position in WesBanco by 4.3% in the 4th quarter. Bank of America Corp DE now owns 1,016,187 shares of the financial services provider valued at $35,556,000 after buying an additional 42,300 shares in the last quarter. Finally, Earnest Partners LLC increased its position in WesBanco by 24.2% in the 4th quarter. Earnest Partners LLC now owns 690,381 shares of the financial services provider valued at $24,156,000 after purchasing an additional 134,416 shares in the last quarter. Institutional investors and hedge funds hold 60.06% of the company’s shares.
NASDAQ WSBC shares opened at $35.52 on Thursday. The company has a debt ratio of 0.15, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $2.25 billion, a price-earnings ratio of 10.09 and a beta of 1.03. The company’s 50-day simple moving average is $36.06 and its 200-day simple moving average is $34.96. WesBanco has a 52-week low of $30.21 and a 52-week high of $39.87.
WesBanco Company Profile (Get a rating)
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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