WesBanco Inc (NASDAQ:WSBC) – Stock analysts at B. Riley raised their FY2018 EPS estimates for WesBanco in a research report issued on Thursday. B. Riley analyst S. Moss now forecasts that the financial services provider will post earnings per share of $2.90 for the year, up from their previous estimate of $2.45. B. Riley currently has a “Hold” rating and a $40.00 price target on the stock. B. Riley also issued estimates for WesBanco’s FY2019 earnings at $3.10 EPS.

WesBanco (NASDAQ:WSBC) last released its 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 return on equity of 7.66% and a net margin of 24.73%. During the same period in the previous year, the firm posted $0.60 EPS.

Several other research analysts have also commented on the stock. BidaskClub lowered shares of WesBanco from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. 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 reaffirmed a “hold” rating on shares of WesBanco in a report on Friday, October 20th. Finally, Sandler O’Neill lowered shares of WesBanco from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. WesBanco currently has a consensus rating of “Hold” and an average target price of $43.00.

WesBanco (WSBC) opened at $42.60 on Monday. WesBanco has a fifty-two week low of $34.81 and a fifty-two week high of $43.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $1,875.82, a PE ratio of 18.21, a PEG ratio of 1.43 and a beta of 1.00.

Several large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. raised its holdings in shares of WesBanco by 6.6% in the 2nd 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 in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of WesBanco by 4.7% in 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 purchasing an additional 269 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of WesBanco by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 16,865 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 732 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of WesBanco by 17.6% in the 2nd 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of WesBanco by 22.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,695 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 1,045 shares in the last quarter. 59.11% of the stock is owned by institutional investors.

In other news, Director F Eric Nelson, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $42.06, for a total value of $525,750.00. Following the completion of the sale, the director now directly owns 29,717 shares of the company’s stock, valued at approximately $1,249,897.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.05% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, December 7th. WesBanco’s payout ratio is 44.44%.

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About WesBanco

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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