Analysts predict WesBanco, Inc. (NASDAQ: WSBC) will post earnings of $ 0.74 per share for the current quarter. Zacks reported. Three analysts have given WesBanco earnings estimates, with the lowest EPS estimate being $ 0.63 and the highest being $ 0.80. WesBanco reported earnings of $ 0.66 per share for the same quarter last year, indicating a positive growth rate of 12.1% year over year. The company is expected to release its next earnings report on Wednesday October 20th.
On average, analysts expect WesBanco to post full year earnings of $ 3.50 per share for the current fiscal year, with EPS estimates ranging between $ 3.30 and $ 3.60. For the next fiscal year, analysts are forecasting earnings of $ 2.51 per share, with EPS estimates ranging between $ 2.35 and $ 2.73. Zacks’ earnings per share calculations are an average based on a survey of market research firms covering WesBanco.
WesBanco (NASDAQ: WSBC) last released its earnings results on Tuesday, July 27th. The financial services company reported earnings per share (EPS) of $ 1.01 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.75 by $ 0.26. The company had revenue of $ 151.97 million for the quarter, compared to analyst estimates of $ 149.17 million. WesBanco had a return on equity of 9.17% and a net margin of 36.64%. The company’s sales increased 0.1% year over year. For the same period last year, the company had earnings per share of $ 0.07.
Several equity analysts recently looked at WSBC stocks. Boenning Scattergood confirmed in a research report on Wednesday, September 29th, a “neutral” rating of the WesBanco share. The Royal Bank of Canada raised its price target for WesBanco from USD 36.00 to USD 38.00 and rated the stock in a research report on Wednesday 29. B. Riley rated WesBanco stock in a research report on Tuesday , July 27th, as “neutral”. Raymond James downgraded WesBanco from an “Outperform” rating to a “Market Perform” rating in a research report on Thursday, July 8th. In the end, Zacks Investment Research In a research report on Tuesday, WesBanco lowered it from a “buy” rating to a “hold” rating. Seven research analysts for stocks have given the stock a hold rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $ 34.75.
Institutional investors and hedge funds have recently bought and sold shares in the company. Capital Analysts LLC took a new position in WesBanco shares valued at approximately $ 28,000 during the first quarter. Nisa Investment Advisors LLC took a new position in WesBanco shares valued at approximately $ 36,000 during the second quarter. Evermay Wealth Management LLC took a new position in WesBanco shares valued at approximately $ 36,000 during the second quarter. Federated Hermes Inc. made a new position in WesBanco shares valued at approximately $ 38,000 in the second quarter. Eventually, Captrust Financial Advisors bought a new stake in WesBanco stock valued at approximately $ 51,000 in Q1. Hedge funds and other institutional investors own 62.31% of the company’s stock.
WSBC stock opened at $ 35.54 on Thursday. The company has a market cap of $ 2.32 billion, a P / E of 10.39, and a beta of 1.09. The fifty-day moving average price for the stock is $ 33.16 and the two hundred-day moving average price is $ 35.32. The company has a leverage ratio of 0.19, a current ratio of 0.83, and a quick ratio of 0.83. WesBanco has a 1-year low of $ 22.53 and a 1-year high of $ 39.87.
The company also recently announced a quarterly dividend, which was paid on Friday, October 1st. Shareholders of record on Friday, September 10th, received a dividend of $ 0.33. This equates to an annual dividend of $ 1.32 and a dividend yield of 3.71%. The ex-dividend date of this dividend was Thursday September 9th. WesBanco’s payout ratio is currently 70.21%.
WesBanco company profile
WesBanco, Inc is a banking holding company providing financial services. It operates in the following segments: Community Banking and Trust and Investment Services. The Community Banking segment offers services traditionally offered by commercial service banks, including commercial sight, single sight and fixed deposit accounts, as well as business, mortgage and single installment loans, as well as certain non-traditional offerings such as insurance and securities brokerage services.
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