Wall Street brokers expect WesBanco, Inc. (NASDAQ: WSBC) to report $ 144.21 million in revenue for the current quarter, according to Zack. Four analysts have released earnings estimates for WesBanco. The lowest sales estimate is $ 141.39 million and the highest is $ 147.00 million. WesBanco posted sales of $ 152.42 million in the same quarter last year, suggesting a negative growth rate of 5.4% year-over-year. The company is expected to announce its next quarterly results on Tuesday, January 25.
On average, analysts expect WesBanco to report annual revenue of $ 591.68 million for the current fiscal year, with estimates ranging from $ 585.18 million to $ 596.00 million. dollars. For the next year, analysts predict the company will post sales of $ 561.82 million, with estimates ranging from $ 542.33 million to $ 573.96 million. Zacks sales averages are an average based on a survey of seller-side research companies that cover WesBanco.
WesBanco (NASDAQ: WSBC) last released its quarterly earnings data on Tuesday, October 26. The financial services provider reported earnings of $ 0.70 per share for the quarter, missing Thomson Reuters’ consensus estimate of $ 0.77 ($ 0.07). The company posted revenue of $ 148.03 million in the quarter, compared to analysts’ expectations of $ 146.23 million. WesBanco had a return on equity of 9.23% and a net margin of 37.95%. The company’s revenue for the quarter was down 4.6% year-over-year. During the same period of the previous year, the company posted EPS of $ 0.66.
Several analysts have published reports on WSBC stocks. Royal Bank of Canada increased its target price on WesBanco from $ 36.00 to $ 38.00 and assigned the company a âsector performanceâ rating in a research note on Wednesday, September 29. Boenning Scattergood reiterated a “neutral” rating on WesBanco shares in a research note on Wednesday, September 29. Ultimately, Zacks investment research reduced WesBanco from a “buy” note to a “keep” note in a report released on Tuesday, October 5. Six analysts rated the stock with a conservation rating. Based on data from MarketBeat.com, WesBanco has an average rating of “Hold” and a consensus target price of $ 37.00.
Separately, director James W. Cornelsen sold 30,907 shares of the company in a transaction that took place on Tuesday, November 23. The stock was sold for an average price of $ 35.56, for a total trade of $ 1,099,052.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via the SEC website. 3.13% of the shares are currently owned by insiders.
Hedge funds have recently bought and sold stocks. Nisa Investment Advisors LLC purchased a new position in WesBanco during the 2nd quarter for a value of approximately $ 36,000. Evermay Wealth Management LLC purchased a new stake in WesBanco during the 2nd quarter valued at $ 36,000. Federated Hermes Inc. acquired a new stake in WesBanco during the 2nd quarter for a value of $ 38,000. O Shaughnessy Asset Management LLC purchased a new stake in WesBanco during the 3rd quarter for a value of $ 54,000. Finally, Advisory Services Network LLC acquired a new stake in WesBanco during the 2nd quarter for a value of $ 80,000. 62.19% of the shares are held by institutional investors.
WSBC shares opened at $ 33.59 on Friday. The company has a market cap of $ 2.12 billion, a PE ratio of 9.74 and a beta of 1.05. The stock’s fifty-day moving average price is $ 35.45 and its two hundred-day moving average price is $ 34.94. The company has a debt to equity ratio of 0.15, a current ratio of 0.81, and a rapid ratio of 0.83. WesBanco has a one-year low at $ 28.25 and a one-year high at $ 39.87.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 3. Shareholders of record on Friday, December 10 will receive a dividend of $ 0.33. This represents an annualized dividend of $ 1.32 and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, December 9. WesBanco’s dividend payout ratio is currently 38.26%.
WesBanco Company Profile
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking and Trust and Investment Services. The community banking segment provides services traditionally offered by commercial banking services, including sight, sight and term commercial accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.
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