Brokerages expect that WesBanco, Inc. (NASDAQ:WSBC) will report $98.28 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for WesBanco’s earnings, with estimates ranging from $97.34 million to $99.06 million. WesBanco reported sales of $93.11 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The firm is expected to report its next quarterly earnings report on Tuesday, January 23rd.

On average, analysts expect that WesBanco will report full-year sales of $98.28 million for the current fiscal year, with estimates ranging from $388.22 million to $389.95 million. For the next year, analysts anticipate that the business will post sales of $417.91 million per share, with estimates ranging from $391.66 million to $431.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow WesBanco.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03). The company had revenue of $95.15 million during the quarter, compared to the consensus estimate of $98.37 million. WesBanco had a net margin of 24.73% and a return on equity of 7.66%. During the same period in the prior year, the company earned $0.60 earnings per share.

Several research analysts have weighed in on WSBC shares. DA Davidson set a $47.00 price target on shares of WesBanco and gave the company a “buy” rating in a report on Friday, October 20th. They noted that the move was a valuation call. FBR & Co set a $40.00 price target on shares of WesBanco and gave the company a “hold” rating in a report on Friday, October 20th. Boenning Scattergood reissued a “hold” rating on shares of WesBanco in a report on Friday, October 20th. B. Riley set a $40.00 price target on shares of WesBanco and gave the company a “hold” rating in a report on Tuesday, November 14th. Finally, Sandler O’Neill cut shares of WesBanco from a “buy” rating to a “hold” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. WesBanco has a consensus rating of “Hold” and a consensus price target of $42.00.

Institutional investors and hedge funds have recently made changes to their positions in the company. Smithfield Trust Co. bought a new position in shares of WesBanco during the second quarter worth approximately $138,000. Ameritas Investment Partners Inc. increased its holdings in shares of WesBanco by 6.6% during the second quarter. Ameritas Investment Partners Inc. now owns 3,697 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 229 shares during the period. Sei Investments Co. increased its holdings in shares of WesBanco by 4,236.6% during the second quarter. Sei Investments Co. now owns 4,380 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 4,279 shares during the period. Amalgamated Bank bought a new position in shares of WesBanco during the second quarter worth approximately $211,000. Finally, Victory Capital Management Inc. increased its holdings in shares of WesBanco by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,350 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 801 shares during the period. 59.11% of the stock is currently owned by institutional investors.

WesBanco (NASDAQ:WSBC) opened at $41.10 on Thursday. The firm has a market cap of $1,868.77, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.85. WesBanco has a fifty-two week low of $34.81 and a fifty-two week high of $44.19.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.04 annualized dividend and a dividend yield of 2.53%. WesBanco’s dividend payout ratio is presently 44.44%.

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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.

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Earnings History and Estimates for WesBanco (NASDAQ:WSBC)

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