$0.79 EPS Expected for WesBanco Inc (WSBC) This Quarter
Equities analysts predict that WesBanco Inc (NASDAQ:WSBC) will announce earnings per share (EPS) of $0.79 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for WesBanco’s earnings, with estimates ranging from $0.76 to $0.85. WesBanco reported earnings of $0.76 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 3.9%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, April 16th.
On average, analysts expect that WesBanco will report full year earnings of $3.29 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.36. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.39 per share, with EPS estimates ranging from $3.35 to $3.46. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for WesBanco.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). WesBanco had a net margin of 27.77% and a return on equity of 9.20%. The company had revenue of $128.33 million during the quarter, compared to analyst estimates of $130.42 million. During the same quarter in the previous year, the business posted $0.66 earnings per share.
Shares of WesBanco stock traded down $0.17 during trading on Thursday, hitting $39.66. 141,609 shares of the company’s stock traded hands, compared to its average volume of 92,778. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.86. WesBanco has a 1 year low of $34.14 and a 1 year high of $51.12. The stock has a market capitalization of $2.17 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.31 per share. This is a positive change from WesBanco’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, March 14th. WesBanco’s dividend payout ratio (DPR) is currently 38.63%.
In other news, Director Denise H. Knouse-Snyder purchased 675 shares of the stock in a transaction dated Thursday, February 21st. The stock was acquired at an average cost of $42.36 per share, for a total transaction of $28,593.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $84,720. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.14% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its holdings in shares of WesBanco by 52.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 727 shares of the financial services provider’s stock worth $27,000 after buying an additional 250 shares during the last quarter. Executive Wealth Management LLC acquired a new stake in shares of WesBanco in the 4th quarter valued at about $27,000. Advisory Services Network LLC raised its stake in shares of WesBanco by 55.8% in the 4th quarter. Advisory Services Network LLC now owns 765 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 274 shares in the last quarter. MCF Advisors LLC raised its stake in shares of WesBanco by 496.9% in the 4th quarter. MCF Advisors LLC now owns 955 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 795 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of WesBanco in the 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 57.47% of the company’s stock.
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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