Analysts expect that WesBanco Inc (NASDAQ:WSBC) will announce sales of $128.15 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for WesBanco’s earnings. The highest sales estimate is $130.46 million and the lowest is $126.11 million. WesBanco posted sales of $97.27 million in the same quarter last year, which would indicate a positive year over year growth rate of 31.7%. The business is expected to announce its next quarterly earnings report on Tuesday, April 16th.
On average, analysts expect that WesBanco will report full year sales of $517.14 million for the current financial year, with estimates ranging from $515.29 million to $521.30 million. For the next financial year, analysts anticipate that the firm will post sales of $529.29 million, with estimates ranging from $521.66 million to $539.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow WesBanco.
Get WesBanco alerts:WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.01). The company had revenue of $128.33 million for the quarter, compared to analyst estimates of $130.42 million. WesBanco had a return on equity of 9.72% and a net margin of 27.77%. During the same quarter last year, the company earned $0.66 EPS.
Several research analysts recently issued reports on WSBC shares. Zacks Investment Research upgraded shares of WesBanco from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Sunday, January 6th. BidaskClub upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. WesBanco currently has a consensus rating of “Hold” and a consensus price target of $44.67.
NASDAQ WSBC traded up $0.29 on Friday, hitting $40.43. 66,400 shares of the company were exchanged, compared to its average volume of 101,696. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.29 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.69. WesBanco has a 1-year low of $34.14 and a 1-year high of $51.12.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.07%. This is an increase from WesBanco’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, March 14th. WesBanco’s dividend payout ratio (DPR) is currently 36.14%.
In other news, Director Denise H. Knouse-Snyder purchased 675 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were acquired at an average cost of $42.36 per share, for a total transaction of $28,593.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $84,720. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.14% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of WSBC. Executive Wealth Management LLC bought a new position in shares of WesBanco during the 4th quarter worth approximately $27,000. Public Employees Retirement System of Ohio boosted its holdings in shares of WesBanco by 52.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 727 shares of the financial services provider’s stock valued at $27,000 after buying an additional 250 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of WesBanco by 55.8% in the 4th quarter. Advisory Services Network LLC now owns 765 shares of the financial services provider’s stock valued at $29,000 after buying an additional 274 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of WesBanco by 496.9% in the 4th quarter. MCF Advisors LLC now owns 955 shares of the financial services provider’s stock valued at $35,000 after buying an additional 795 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of WesBanco in the 4th quarter valued at approximately $70,000. 57.02% of the stock is owned by institutional investors and hedge funds.
About WesBanco
WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.
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