WesBanco, Inc. (NASDAQ:WSBC) – Research analysts at FBR & Co dropped their Q3 2017 earnings per share (EPS) estimates for WesBanco in a research report issued on Friday. FBR & Co analyst S. Moss now expects that the financial services provider will post earnings per share of $0.62 for the quarter, down from their prior forecast of $0.64. FBR & Co has a “Mkt Perform” rating and a $40.00 price objective on the stock. FBR & Co also issued estimates for WesBanco’s Q4 2017 earnings at $0.62 EPS, FY2017 earnings at $2.43 EPS, Q1 2018 earnings at $0.62 EPS, Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.67 EPS and FY2018 earnings at $2.60 EPS.
A number of other equities analysts have also recently weighed in on the stock. BidaskClub raised shares of WesBanco from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Zacks Investment Research raised shares of WesBanco from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, June 28th. ValuEngine raised shares of WesBanco from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. DA Davidson raised shares of WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods set a $42.00 price target on shares of WesBanco and gave the stock a “hold” rating in a research report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $41.60.
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Shares of WesBanco (NASDAQ WSBC) opened at 38.22 on Monday. The stock’s 50 day moving average price is $39.33 and its 200-day moving average price is $39.55. The firm has a market cap of $1.68 billion, a P/E ratio of 17.46 and a beta of 0.94. WesBanco has a 12 month low of $30.46 and a 12 month high of $44.19.
WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. WesBanco had a net margin of 23.44% and a return on equity of 7.59%. The company had revenue of $94.26 million for the quarter, compared to analyst estimates of $96.70 million. During the same quarter last year, the company posted $0.58 EPS.
Several large investors have recently modified their holdings of WSBC. IFP Advisors Inc raised its stake in shares of WesBanco by 0.5% in the first quarter. IFP Advisors Inc now owns 16,894 shares of the financial services provider’s stock worth $644,000 after buying an additional 92 shares during the last quarter. Strs Ohio raised its stake in shares of WesBanco by 3.1% in the first quarter. Strs Ohio now owns 27,000 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 800 shares during the last quarter. Waldron LP raised its stake in shares of WesBanco by 9.0% in the first quarter. Waldron LP now owns 14,838 shares of the financial services provider’s stock worth $565,000 after buying an additional 1,220 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in shares of WesBanco by 3.1% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 279,044 shares of the financial services provider’s stock worth $10,634,000 after buying an additional 8,519 shares during the last quarter. Finally, Alpha Windward LLC bought a new stake in shares of WesBanco during the first quarter worth approximately $444,000. Institutional investors and hedge funds own 56.88% of the company’s stock.
In other news, EVP Gregory A. Dugan sold 8,000 shares of WesBanco stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $40.72, for a total transaction of $325,760.00. Following the transaction, the executive vice president now directly owns 13,051 shares of the company’s stock, valued at $531,436.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.05% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Saturday, July 1st. Stockholders of record on Friday, June 9th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.72%. WesBanco’s dividend payout ratio is 47.71%.
WesBanco Company Profile
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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