WesBanco (NASDAQ:WSBC) is expected to release quarterly results after market close on Tuesday, January 25. Analysts expect WesBanco to post earnings of $0.67 per share for the quarter. Individuals wishing to register for the company’s earnings conference call can do so using this link.
WesBanco Inc (NASDAQ:WSBC) last released its results 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 achieved a return on equity of 9.23% and a net margin of 37.95%. The company posted revenue of $148.03 million for the quarter, versus a consensus estimate of $146.23 million. In the same quarter of the previous year, the company had 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.
NASDAQWSBC opened at $38.24 on Tuesday. The company has a market capitalization of $2.42 billion, a P/E ratio of 11.08 and a beta of 1.03. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt ratio of 0.15. The company’s 50-day moving average is $35.12 and its 200-day moving average is $34.40. WesBanco has a 12 month minimum of $28.65 and a 12 month maximum of $39.87.
The company also recently announced a quarterly dividend, which was paid on Monday, January 3. Shareholders of record on Friday, December 10 received a dividend of $0.33. The ex-dividend date was Thursday, December 9. This represents an annualized dividend of $1.32 and a yield of 3.45%. WesBanco’s dividend payout ratio is currently 38.26%.
Several analysts have weighed in on the company. Boenning Scattergood reaffirmed a “neutral” rating on WesBanco shares in a Wednesday, September 29 report. Zacks Investment Research moved WesBanco shares from a “hold” rating to a “buy” rating and set a target price of $39.00 on the stock in a Tuesday, Jan. 4 research note. B. Riley raised his price target on WesBanco stock from $34.00 to $35.00 in a Wednesday, January 12 research note. Finally, Royal Bank of Canada raised its price target on WesBanco shares from $36.00 to $38.00 and gave the company an ‘sector performance’ rating in a Wednesday research report. September 29. Five analysts gave the stock a hold rating and one gave the company a buy rating. According to MarketBeat, WesBanco has a consensus rating of “Hold” and a consensus target price of $38.00.
Separately, director James W. Cornelsen sold 30,907 shares in a trade dated Tuesday, November 23. The shares were sold at an average price of $35.56, for a total value of $1,099,052.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, manager Stephen J. Callen acquired 5,000 shares in a transaction on Monday, December 20. The stock was purchased at an average price of $32.72 per share, with a total value of $163,600.00. Disclosure of this purchase can be found here. Company insiders hold 3.13% of the company’s shares.
Major investors have recently been buying and selling stocks. Janus Henderson Group PLC purchased a new stake in WesBanco during Q3, valued at approximately $231,000. BNP Paribas Arbitrage SA increased its stake in WesBanco shares by 104.2% in the third quarter. BNP Paribas Arbitrage SA now owns 18,714 shares of the financial services provider worth $638,000 after buying an additional 9,548 shares last quarter. Finally, Morgan Stanley increased its holdings of WesBanco shares 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 buying an additional 128,822 shares in the last quarter. 60.06% of the shares are currently held by institutional investors and hedge funds.
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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