Analysts Expect WesBanco Inc (WSBC) to Announce $0.70 EPS

Equities research analysts expect WesBanco Inc (NASDAQ:WSBC) to announce earnings of $0.70 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for WesBanco’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.68. WesBanco reported earnings of $0.60 per share during the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The company is scheduled to announce its next earnings report on Tuesday, April 17th.

On average, analysts expect that WesBanco will report full year earnings of $2.92 per share for the current year, with EPS estimates ranging from $2.80 to $3.06. For the next year, analysts anticipate that the business will post earnings of $3.11 per share, with EPS estimates ranging from $3.05 to $3.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow WesBanco.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. WesBanco had a net margin of 22.43% and a return on equity of 7.83%. The firm had revenue of $96.12 million during the quarter, compared to analysts’ expectations of $98.48 million. During the same period in the prior year, the company earned $0.59 EPS.

A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of WesBanco from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a report on Saturday, January 13th. Boenning Scattergood reiterated a “hold” rating on shares of WesBanco in a report on Wednesday, January 24th. BidaskClub lowered shares of WesBanco from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. Sandler O’Neill lowered shares of WesBanco from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, DA Davidson set a $47.00 price objective on shares of WesBanco and gave the stock a “buy” rating in a report on Friday, October 20th. They noted that the move was a valuation call. One research 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. The company presently has a consensus rating of “Hold” and a consensus price target of $43.00.

In related news, Director Denise H. Knouse-Snyder bought 1,575 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of $41.44 per share, for a total transaction of $65,268.00. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $82,880. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director F Eric Nelson, Jr. sold 12,500 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $42.06, for a total transaction of $525,750.00. Following the completion of the sale, the director now owns 29,717 shares in the company, valued at approximately $1,249,897.02. The disclosure for this sale can be found here. Corporate insiders own 4.05% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of WesBanco by 24.8% in the 3rd quarter. Wells Fargo & Company MN now owns 253,728 shares of the financial services provider’s stock valued at $10,408,000 after purchasing an additional 50,406 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in shares of WesBanco by 1.1% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 632,741 shares of the financial services provider’s stock valued at $25,955,000 after buying an additional 7,149 shares during the last quarter. State Street Corp grew its position in shares of WesBanco by 5.0% during the 2nd quarter. State Street Corp now owns 788,032 shares of the financial services provider’s stock valued at $31,161,000 after buying an additional 37,577 shares during the last quarter. BlackRock Inc. grew its position in shares of WesBanco by 1.8% during the 2nd quarter. BlackRock Inc. now owns 2,700,401 shares of the financial services provider’s stock valued at $106,773,000 after buying an additional 46,799 shares during the last quarter. Finally, Aperio Group LLC grew its position in shares of WesBanco by 52.3% during the 3rd quarter. Aperio Group LLC now owns 9,800 shares of the financial services provider’s stock valued at $402,000 after buying an additional 3,367 shares during the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

WesBanco (NASDAQ WSBC) opened at $41.82 on Monday. WesBanco has a 1-year low of $34.81 and a 1-year high of $43.25. 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 $1,841.88, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96.

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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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