Wall Street analysts expect WesBanco Inc (NASDAQ:WSBC) to report sales of $128.15 million for the current quarter, Zacks reports. Four analysts have made estimates for WesBanco’s earnings. The lowest sales estimate is $126.11 million and the highest is $130.46 million. WesBanco posted sales of $97.27 million in the same quarter last year, which would indicate a positive year over year growth rate of 31.7%. The firm is expected to issue its next quarterly earnings results on Tuesday, April 16th.

According to Zacks, analysts expect that WesBanco will report full-year sales of $517.14 million for the current fiscal year, with estimates ranging from $515.29 million to $521.30 million. For the next year, analysts expect that the business will report sales of $529.29 million, with estimates ranging from $521.66 million to $539.20 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover WesBanco.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). WesBanco had a net margin of 27.77% and a return on equity of 9.72%. The business had revenue of $128.33 million during the quarter, compared to analysts’ expectations of $130.42 million. During the same period in the previous year, the company posted $0.66 earnings per share.

WSBC has been the topic of several recent research reports. Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a report on Friday, October 26th. BidaskClub raised shares of WesBanco from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 30th. B. Riley set a $45.00 price target on shares of WesBanco and gave the company a “hold” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research lowered shares of WesBanco from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a report on Saturday, November 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $44.67.

Institutional investors have recently modified their holdings of the business. MCF Advisors LLC raised its position in shares of WesBanco by 496.9% in the fourth quarter. MCF Advisors LLC now owns 955 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 795 shares during the period. Quantamental Technologies LLC acquired a new position in shares of WesBanco during the 4th quarter worth about $70,000. Ancora Advisors LLC acquired a new position in shares of WesBanco during the 3rd quarter worth about $103,000. Legacy Financial Advisors Inc. acquired a new position in shares of WesBanco during the 3rd quarter worth about $108,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of WesBanco during the 3rd quarter worth about $126,000. Institutional investors and hedge funds own 56.82% of the company’s stock.

NASDAQ:WSBC traded up $0.38 during mid-day trading on Wednesday, hitting $40.92. The company’s stock had a trading volume of 50,200 shares, compared to its average volume of 108,038. WesBanco has a 1 year low of $34.14 and a 1 year high of $51.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.21 and a beta of 1.07.

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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Earnings History and Estimates for WesBanco (NASDAQ:WSBC)

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