WesBanco Inc (NASDAQ:WSBC) will release its quarterly earnings data after market close on Tuesday, January 25. Analysts expect the company to report earnings of $0.67 per share for the quarter. Parties wishing to listen to the company’s conference call can do so using this link.
WesBanco Inc (NASDAQ:WSBC) last released quarterly earnings data on Tuesday, October 26. The financial services provider reported earnings per share of $0.70 for the quarter, missing analyst consensus estimates 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 for the quarter, versus analyst estimates of $146.23 million. In the same quarter last year, the company achieved EPS of $0.66. WesBanco’s revenue for the quarter fell 4.6% compared to the same quarter last year. On average, analysts expect WesBanco to post EPS of $3 for the current fiscal year and EPS of $3 for the next fiscal year.
Shares of NASDAQWSBC opened at $36.24 on Monday. WesBanco has a fifty-two-week low of $28.65 and a fifty-two-week high of $39.87. The company has a 50-day moving average price of $35.21 and a two-hundred-day moving average price of $34.45. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt ratio of 0.15. The company has a market capitalization of $2.29 billion, a PE ratio of 10.50 and a beta of 1.03.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 3. Shareholders of record on Friday, December 10 received a dividend of $0.33 per share. The ex-dividend date was Thursday, December 9. This represents a dividend of $1.32 on an annualized basis and a yield of 3.64%. WesBanco’s dividend payout ratio (DPR) is currently 38.26%.
A number of research analysts have commented 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 upgraded WesBanco from a “hold” rating to a “buy” rating and set a target price of $39.00 on the stock in a report on Tuesday, January 4. Boenning Scattergood reaffirmed a “neutral” rating on WesBanco shares in a Wednesday, September 29 report. Finally, Royal Bank of Canada raised its target price on WesBanco from $36.00 to $38.00 and gave the stock an “sector performance” rating in a Wednesday, September 29 report. Five research analysts gave the stock a hold rating and one issued the company’s stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.00.
In related news, director James W. Cornelsen sold 30,907 shares of the company in a trade that took place on Tuesday, November 23. The stock was sold at an average price of $35.56, for a total value of $1,099,052.92. The sale was disclosed in a filing with the SEC, accessible via the SEC website. Additionally, Director F Eric Nelson, Jr. sold 1,196 shares of the company 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. Insiders of the company own 3.13% of the shares of the company.
Institutional investors have recently changed their positions in the company. Janus Henderson Group PLC bought a new stake in WesBanco during Q3 for $231,000. BNP Paribas Arbitrage SA increased its stake in WesBanco by 104.2% during the third quarter. BNP Paribas Arbitrage SA now owns 18,714 shares of the financial services provider valued at $638,000 after acquiring an additional 9,548 shares last quarter. Finally, Morgan Stanley increased its stake in WesBanco by 171.1% during the second quarter. Morgan Stanley now owns 204,113 shares of the financial services provider valued at $7,272,000 after acquiring an additional 128,822 shares last quarter. 60.06% of the shares are currently held by hedge funds and other institutional investors.
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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