Analysts expect WesBanco Inc (NASDAQ:WSBC) to post earnings of $0.69 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for WesBanco’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.70. WesBanco reported earnings of $0.82 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 15.9%. The business is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 27th.

According to Zacks, analysts expect that WesBanco will report full-year earnings of $2.95 per share for the current financial year, with EPS estimates ranging from $2.94 to $2.95. For the next financial year, analysts expect that the firm will post earnings of $3.00 per share, with EPS estimates ranging from $2.90 to $3.15. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover WesBanco.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.10). WesBanco had a return on equity of 8.38% and a net margin of 28.22%. The business had revenue of $117.35 million during the quarter, compared to analyst estimates of $126.48 million. During the same quarter last year, the company posted $0.64 EPS. WesBanco’s quarterly revenue was up 8.3% compared to the same quarter last year.

Several equities analysts recently weighed in on the stock. Stephens started coverage on shares of WesBanco in a report on Monday, January 6th. They issued an “overweight” rating and a $41.50 price target on the stock. ValuEngine raised shares of WesBanco from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub cut shares of WesBanco from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Finally, Zacks Investment Research raised shares of WesBanco from a “sell” rating to a “hold” rating in a research note on Tuesday, December 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. WesBanco presently has an average rating of “Hold” and a consensus target price of $41.38.

Shares of NASDAQ:WSBC opened at $36.44 on Friday. WesBanco has a twelve month low of $33.19 and a twelve month high of $43.13. The company’s 50 day moving average is $37.10 and its 200 day moving average is $36.80. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.63. The company has a market cap of $2.00 billion, a PE ratio of 11.35 and a beta of 1.13.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a dividend of $0.31 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.40%. WesBanco’s payout ratio is 38.63%.

In related news, EVP Jonathan D. Dargusch sold 4,504 shares of WesBanco stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $38.10, for a total value of $171,602.40. Following the sale, the executive vice president now owns 20,219 shares of the company’s stock, valued at approximately $770,343.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Crawford sold 10,000 shares of WesBanco stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $37.51, for a total transaction of $375,100.00. Following the completion of the sale, the director now directly owns 1,650 shares in the company, valued at approximately $61,891.50. The disclosure for this sale can be found here. 3.24% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in WSBC. JPMorgan Chase & Co. grew its stake in WesBanco by 81.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 39,687 shares of the financial services provider’s stock valued at $1,489,000 after purchasing an additional 17,764 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of WesBanco by 28.9% in the 2nd quarter. Bank of Montreal Can now owns 9,669 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 2,165 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of WesBanco by 2.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 374,364 shares of the financial services provider’s stock worth $14,432,000 after purchasing an additional 8,305 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of WesBanco by 114.3% in the 2nd quarter. LPL Financial LLC now owns 23,656 shares of the financial services provider’s stock worth $912,000 after purchasing an additional 12,618 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of WesBanco by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 329,305 shares of the financial services provider’s stock worth $12,695,000 after purchasing an additional 1,048 shares during the last quarter. 61.69% 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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Earnings History and Estimates for WesBanco (NASDAQ:WSBC)

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