WesBanco (WSBC) Set to Announce Earnings on Tuesday

WesBanco (NASDAQ:WSBC) is scheduled to release its earnings data after the market closes on Tuesday, April 23rd. Analysts expect WesBanco to post earnings of $0.56 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). WesBanco had a return on equity of 6.94% and a net margin of 19.11%. The company had revenue of $221.47 million for the quarter, compared to analyst estimates of $146.70 million. During the same quarter in the previous year, the firm posted $0.84 earnings per share. On average, analysts expect WesBanco to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

WesBanco Trading Up 2.8 %

NASDAQ:WSBC opened at $28.34 on Friday. WesBanco has a 12 month low of $19.84 and a 12 month high of $32.20. The firm has a fifty day simple moving average of $28.63 and a 200-day simple moving average of $28.14. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.68 billion, a P/E ratio of 11.29 and a beta of 0.86.

WesBanco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 annualized dividend and a dividend yield of 5.08%. WesBanco’s payout ratio is currently 57.37%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WSBC. Raymond James & Associates raised its holdings in shares of WesBanco by 2.4% during the first quarter. Raymond James & Associates now owns 31,599 shares of the financial services provider’s stock worth $1,086,000 after purchasing an additional 729 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of WesBanco by 423.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 34,671 shares of the financial services provider’s stock worth $1,191,000 after purchasing an additional 28,046 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of WesBanco during the first quarter worth $237,000. Bank of Montreal Can raised its holdings in shares of WesBanco by 2.3% during the first quarter. Bank of Montreal Can now owns 25,911 shares of the financial services provider’s stock worth $905,000 after purchasing an additional 583 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of WesBanco by 57.4% during the first quarter. MetLife Investment Management LLC now owns 33,178 shares of the financial services provider’s stock worth $1,140,000 after purchasing an additional 12,095 shares during the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price objective on shares of WesBanco in a research note on Tuesday, April 9th. Raymond James upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, WesBanco currently has an average rating of “Hold” and a consensus target price of $30.75.

WesBanco Company Profile

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.