Equities research analysts expect that WesBanco Inc (NASDAQ:WSBC) will post earnings of $0.82 per share for the current quarter, according to Zacks. Four analysts have issued estimates for WesBanco’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.81. WesBanco posted earnings of $0.66 per share during the same quarter last year, which would indicate a positive year over year growth rate of 24.2%. The firm is scheduled to report its next earnings results on Tuesday, January 22nd.
On average, analysts expect that WesBanco will report full-year earnings of $3.16 per share for the current fiscal year, with EPS estimates ranging from $3.09 to $3.21. For the next year, analysts expect that the company will report earnings of $3.28 per share, with EPS estimates ranging from $3.25 to $3.36. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow WesBanco.
WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.14). WesBanco had a net margin of 24.22% and a return on equity of 9.04%. The firm had revenue of $116.16 million during the quarter, compared to analysts’ expectations of $109.07 million. During the same period in the prior year, the company posted $0.60 earnings per share.
A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $48.00 price objective on shares of WesBanco in a research report on Wednesday, July 25th. BidaskClub raised shares of WesBanco from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. B. Riley set a $45.00 price objective on shares of WesBanco and gave the company a “hold” rating in a research report on Friday, November 2nd. ValuEngine raised shares of WesBanco from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Finally, Boenning Scattergood reissued a “hold” rating on shares of WesBanco in a research report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. WesBanco presently has a consensus rating of “Hold” and a consensus target price of $48.75.
Shares of NASDAQ:WSBC traded down $0.43 during trading hours on Friday, reaching $41.80. The stock had a trading volume of 98,602 shares, compared to its average volume of 141,951. WesBanco has a 1 year low of $37.29 and a 1 year high of $51.12. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.69. The company has a market cap of $2.29 billion, a PE ratio of 17.06, a P/E/G ratio of 1.32 and a beta of 1.00.
In related news, EVP Brent E. Richmond sold 4,006 shares of the stock in a transaction on Monday, September 24th. The shares were sold at an average price of $45.60, for a total value of $182,673.60. Following the transaction, the executive vice president now directly owns 19,635 shares of the company’s stock, valued at approximately $895,356. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert H. Young sold 2,000 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $50.71, for a total transaction of $101,420.00. Following the completion of the transaction, the chief financial officer now directly owns 18,533 shares in the company, valued at $939,808.43. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,256 shares of company stock worth $752,709. Insiders own 4.14% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of WSBC. Sei Investments Co. grew its position in shares of WesBanco by 2,054.2% in the 1st quarter. Sei Investments Co. now owns 2,542 shares of the financial services provider’s stock valued at $108,000 after buying an additional 2,424 shares during the last quarter. Legacy Financial Advisors Inc. purchased a new position in shares of WesBanco in the 3rd quarter valued at $108,000. WealthTrust Fairport LLC purchased a new position in shares of WesBanco in the 2nd quarter valued at $118,000. Stratos Wealth Partners LTD. purchased a new position in shares of WesBanco in the 3rd quarter valued at $138,000. Finally, AlphaMark Advisors LLC purchased a new position in shares of WesBanco in the 3rd quarter valued at $184,000. 59.62% of the stock is currently 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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