Equities research analysts expect that WesBanco, Inc. (NASDAQ:WSBC) will post earnings of $0.62 per share for the current quarter, according to Zacks. Four analysts have issued estimates for WesBanco’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.60. WesBanco posted earnings of $0.59 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The firm is scheduled to report its next earnings results on Tuesday, January 23rd.
On average, analysts expect that WesBanco will report full-year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.45. For the next year, analysts expect that the company will report earnings of $2.65 per share, with EPS estimates ranging from $2.45 to $2.75. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow WesBanco.
WesBanco (NASDAQ:WSBC) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). The company had revenue of $95.15 million during the quarter, compared to analysts’ expectations of $98.37 million. WesBanco had a net margin of 24.73% and a return on equity of 7.66%. During the same quarter in the prior year, the business earned $0.60 EPS.
Shares of WesBanco (NASDAQ:WSBC) traded down $0.93 on Tuesday, hitting $41.51. 71,617 shares of the stock were exchanged, compared to its average volume of 110,408. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $1,830.00, a P/E ratio of 17.48, a PEG ratio of 1.73 and a beta of 1.00. WesBanco has a 1-year low of $34.81 and a 1-year high of $44.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.26 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.04 dividend on an annualized basis and a yield of 2.51%. WesBanco’s payout ratio is 44.64%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Smithfield Trust Co. acquired a new stake in WesBanco in the 2nd quarter valued at about $138,000. Ameritas Investment Partners Inc. grew its stake in WesBanco by 6.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,697 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 229 shares during the last quarter. Sei Investments Co. grew its stake in WesBanco by 4,236.6% in the 2nd quarter. Sei Investments Co. now owns 4,380 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 4,279 shares during the last quarter. Amalgamated Bank acquired a new stake in WesBanco in the 2nd quarter valued at about $211,000. Finally, Victory Capital Management Inc. grew its stake in WesBanco by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,350 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 801 shares during the last quarter. 59.11% of the stock is currently owned by hedge funds and other institutional investors.
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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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