Wall Street brokerages expect WesBanco Inc (NASDAQ:WSBC) to post $0.70 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for WesBanco’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.72. WesBanco posted earnings per share of $0.60 in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The company is scheduled to announce its next earnings results on Tuesday, April 17th.
On average, analysts expect that WesBanco will report full-year earnings of $2.92 per share for the current financial year, with EPS estimates ranging from $2.80 to $3.06. For the next fiscal year, analysts anticipate that the company will post earnings of $3.11 per share, with EPS estimates ranging from $3.05 to $3.25. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover WesBanco.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. WesBanco had a return on equity of 7.81% and a net margin of 22.43%. The business had revenue of $96.12 million for the quarter, compared to the consensus estimate of $98.48 million. During the same quarter last year, the business posted $0.59 earnings per share.
WesBanco (WSBC) traded up $0.83 during midday trading on Wednesday, reaching $42.18. The company’s stock had a trading volume of 70,725 shares, compared to its average volume of 121,429. WesBanco has a twelve month low of $34.81 and a twelve month high of $43.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1,821.60, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.29 per share. This is a boost from WesBanco’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Thursday, March 8th. WesBanco’s dividend payout ratio (DPR) is 48.37%.
In other WesBanco news, Director Denise H. Knouse-Snyder bought 1,575 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $41.44 per share, with a total value of $65,268.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $82,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director F Eric Nelson, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $42.06, for a total value of $525,750.00. Following the completion of the sale, the director now directly owns 29,717 shares in the company, valued at $1,249,897.02. The disclosure for this sale can be found here. 4.05% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of WesBanco by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,477,995 shares of the financial services provider’s stock worth $142,667,000 after purchasing an additional 48,481 shares during the last quarter. BlackRock Inc. grew its stake in shares of WesBanco by 2.3% in the fourth quarter. BlackRock Inc. now owns 2,813,716 shares of the financial services provider’s stock worth $114,377,000 after purchasing an additional 64,509 shares during the last quarter. Earnest Partners LLC grew its stake in shares of WesBanco by 5.0% in the fourth quarter. Earnest Partners LLC now owns 1,724,735 shares of the financial services provider’s stock worth $70,110,000 after purchasing an additional 82,883 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of WesBanco by 11.1% in the third quarter. Macquarie Group Ltd. now owns 1,525,400 shares of the financial services provider’s stock worth $62,572,000 after purchasing an additional 152,280 shares during the last quarter. Finally, State Street Corp grew its stake in shares of WesBanco by 5.0% in the second quarter. State Street Corp now owns 788,032 shares of the financial services provider’s stock worth $31,161,000 after purchasing an additional 37,577 shares during the last quarter. 59.13% of the stock is currently owned by 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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