Q1 2018 EPS Estimates for WesBanco Inc Decreased by Analyst (WSBC)

WesBanco Inc (NASDAQ:WSBC) – Stock analysts at Boenning Scattergood reduced their Q1 2018 earnings estimates for shares of WesBanco in a research note issued on Wednesday. Boenning Scattergood analyst M. Schultheis now expects that the financial services provider will earn $0.71 per share for the quarter, down from their prior estimate of $0.74. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for WesBanco’s Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.73 EPS, Q4 2018 earnings at $0.74 EPS, FY2018 earnings at $2.86 EPS and FY2019 earnings at $3.09 EPS.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. WesBanco had a return on equity of 7.83% and a net margin of 22.43%. The firm had revenue of $96.12 million for the quarter, compared to analysts’ expectations of $98.48 million. During the same period last year, the business posted $0.59 earnings per share.

Several other brokerages have also recently issued reports on WSBC. Zacks Investment Research cut WesBanco from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a research note on Saturday, January 13th. Keefe, Bruyette & Woods restated a “hold” rating and set a $41.00 price objective on shares of WesBanco in a research note on Tuesday, October 3rd. BidaskClub cut WesBanco from a “sell” rating to a “strong sell” rating in a research note on Friday, January 26th. Sandler O’Neill cut WesBanco from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, DA Davidson set a $47.00 price objective on WesBanco and gave the stock a “buy” rating in a research note on Friday, October 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.00.

WesBanco (WSBC) opened at $41.27 on Monday. WesBanco has a one year low of $34.81 and a one year high of $43.25. The stock has a market capitalization of $1,825.15, a price-to-earnings ratio of 19.20, a P/E/G ratio of 1.42 and a beta of 1.00. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89.

Hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted its stake in WesBanco by 6.6% in the second quarter. Ameritas Investment Partners Inc. now owns 3,697 shares of the financial services provider’s stock valued at $146,000 after buying an additional 229 shares during the last quarter. Amalgamated Bank bought a new stake in WesBanco in the second quarter valued at $211,000. Stifel Financial Corp bought a new stake in WesBanco in the third quarter valued at $220,000. Susquehanna International Group LLP bought a new stake in WesBanco in the second quarter valued at $236,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in WesBanco by 4.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,052 shares of the financial services provider’s stock valued at $239,000 after buying an additional 269 shares during the last quarter. Institutional investors own 59.24% of the company’s stock.

In other WesBanco news, Director F Eric Nelson, Jr. sold 12,500 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $42.06, for a total value of $525,750.00. Following the sale, the director now directly owns 29,717 shares in the company, valued at $1,249,897.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.05% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Thursday, December 7th. WesBanco’s payout ratio is 48.37%.

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About WesBanco

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.

Earnings History and Estimates for WesBanco (NASDAQ:WSBC)

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