$0.75 EPS Expected for WesBanco, Inc. (NASDAQ:WSBC) This Quarter

Analysts forecast that WesBanco, Inc. (NASDAQ:WSBC) will post earnings of $0.75 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for WesBanco’s earnings, with estimates ranging from $0.63 to $0.80. WesBanco posted earnings per share of $0.66 during the same quarter last year, which would indicate a positive year over year growth rate of 13.6%. The business is scheduled to issue its next earnings report on Wednesday, October 20th.

According to Zacks, analysts expect that WesBanco will report full-year earnings of $3.40 per share for the current year, with EPS estimates ranging from $3.15 to $3.60. For the next fiscal year, analysts forecast that the firm will report earnings of $2.49 per share, with EPS estimates ranging from $2.35 to $2.62. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for WesBanco.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Tuesday, July 27th. The financial services provider reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.26. The company had revenue of $151.97 million during the quarter, compared to analyst estimates of $149.17 million. WesBanco had a net margin of 36.64% and a return on equity of 9.17%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share.

A number of equities research analysts recently weighed in on WSBC shares. Zacks Investment Research downgraded shares of WesBanco from a “buy” rating to a “hold” rating in a research note on Thursday, August 5th. Raymond James downgraded shares of WesBanco from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 8th. Finally, B. Riley reaffirmed a “neutral” rating on shares of WesBanco in a research note on Tuesday, July 27th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.25.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Analysts LLC bought a new stake in WesBanco in the first quarter valued at $28,000. Nisa Investment Advisors LLC bought a new stake in shares of WesBanco during the 2nd quarter valued at $36,000. Evermay Wealth Management LLC bought a new stake in shares of WesBanco during the 2nd quarter valued at $36,000. Federated Hermes Inc. bought a new stake in shares of WesBanco during the 2nd quarter valued at $38,000. Finally, Captrust Financial Advisors bought a new stake in shares of WesBanco during the 1st quarter valued at $51,000. 62.31% of the stock is currently owned by institutional investors.

NASDAQ:WSBC traded up $0.47 on Friday, reaching $31.02. 3,323 shares of the company’s stock were exchanged, compared to its average volume of 261,975. The stock has a fifty day simple moving average of $32.94 and a 200-day simple moving average of $35.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. WesBanco has a 52 week low of $19.56 and a 52 week high of $39.87. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 8.93 and a beta of 1.09.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Investors of record on Friday, September 10th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Thursday, September 9th. WesBanco’s payout ratio is 70.21%.

WesBanco Company Profile

WesBanco, Inc is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Community Banking, and Trust and Investment Services. The Community Banking segment delivers services traditionally offered by service commercial banks, including commercial demand, individual demand, and time deposit accounts, as well as commercial, mortgage, and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services.

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Earnings History and Estimates for WesBanco (NASDAQ:WSBC)

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