WesBanco, Inc. (NASDAQ:WSBC) – Stock analysts at DA Davidson reduced their FY2017 EPS estimates for shares of WesBanco in a research report issued on Friday. DA Davidson analyst R. Gunther now expects that the financial services provider will post earnings of $2.39 per share for the year, down from their previous estimate of $2.43. DA Davidson currently has a “Buy” rating and a $47.00 price objective on the stock. DA Davidson also issued estimates for WesBanco’s Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.68 EPS and FY2019 earnings at $2.75 EPS.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of WesBanco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. FBR & Co lowered their target price on shares of WesBanco from $44.00 to $40.00 and set a “mkt perform” rating on the stock in a report on Friday, July 21st. BidaskClub raised shares of WesBanco from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a report on Friday. Finally, Sandler O’Neill cut shares of WesBanco from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.00.

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WesBanco (WSBC) opened at 40.41 on Monday. WesBanco has a 52 week low of $32.06 and a 52 week high of $44.19. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 18.46 and a beta of 0.96. The company’s 50-day moving average price is $39.92 and its 200 day moving average price is $38.89.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). WesBanco had a net margin of 24.73% and a return on equity of 7.71%. The firm had revenue of $95.15 million for the quarter, compared to the consensus estimate of $98.37 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.04 annualized dividend and a dividend yield of 2.57%. WesBanco’s dividend payout ratio is presently 44.44%.

In related news, EVP Brent E. Richmond sold 1,440 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $36.83, for a total transaction of $53,035.20. Following the sale, the executive vice president now owns 22,701 shares in the company, valued at approximately $836,077.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Piedmont Investment Advisors LLC boosted its position in shares of WesBanco by 43.4% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 53,234 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 16,119 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of WesBanco by 6.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,697 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 229 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of WesBanco during the 2nd quarter worth approximately $236,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of WesBanco by 4.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,052 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 269 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of WesBanco by 4.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,856 shares of the financial services provider’s stock worth $1,300,000 after acquiring an additional 1,477 shares in the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

WesBanco Company Profile

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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