WesBanco, Inc. (NASDAQ: WSBC) Expected to Post $ 3.55 Per Share Earnings for Fiscal 2021
WesBanco, Inc. (NASDAQ: WSBC) – Analysts at B. Riley lowered their FY2021 EPS estimates for shares of WesBanco in a research report released on Wednesday, January 12. B. Riley analyst S. Moss now expects the financial services provider to post profit of $ 3.55 per share for the year, down from its previous forecast of 3. $ 56. B. Riley also released estimates for WesBanco earnings in Q4 2021 at $ 0.83 EPS, Q2 2022 earnings at $ 0.62 EPS, Q3 2022 earnings at $ 0.60 EPS, Q4 2022 earnings at $ 0.66 EPS, FY2022 earnings at $ 2.50 EPS, Q1 2023 earnings at $ 0.62 EPS, T2 2023 earnings at $ 0.65 EPS, Q3 2023 earnings at $ 0.67 EPS, Q4 2023 earnings at $ 0.71 EPS and FY2023 earnings at $ 2.65 EPS. WesBanco (NASDAQ: WSBC) last released its results on Tuesday, October 26. The financial services provider reported $ 0.70 in EPS for the quarter, missing Zacks’ consensus estimate of $ 0.77 of ($ 0.07). The company posted revenue of $ 148.03 million in the quarter, compared to a consensus estimate of $ 146.23 million. WesBanco had a return on equity of 9.23% and a net margin of 37.95%. WesBanco’s revenue was down 4.6% year-over-year. In the same quarter of the previous year, the company achieved earnings per share of $ 0.66.
Other stock analysts have also recently published research reports on the stock. Zacks Investment Research upgraded WesBanco shares from a “hold” rating to a “buy” rating and set a price target of $ 39.00 for the company in a research report released on Tuesday, January 4. Royal Bank of Canada raised its price target on WesBanco from $ 36.00 to $ 38.00 and assigned the company a “sector performance” rating in a research report released on Wednesday, September 29. Finally, Boenning Scattergood reiterated a “neutral” rating on WesBanco shares in a research note on Wednesday, September 29. Five research analysts rated the stock with a conservation rating and one issued a buy rating for the company’s stock. According to data from MarketBeat.com, WesBanco currently has an average “Hold” rating and a consensus price target of $ 38.00.
WSBC shares opened at $ 37.44 on Thursday. The company’s 50-day moving average is $ 34.97 and its two-hundred-day moving average is $ 34.36. The company has a market cap of $ 2.37 billion, a PE ratio of 10.85 and a beta of 1.03. WesBanco has a 12 month low of $ 28.65 and a 12 month high of $ 39.87. The company has a debt ratio of 0.15, a current ratio of 0.81, and a rapid ratio of 0.81.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 3. Investors of record on Friday, December 10 received a dividend of $ 0.33 per share. The ex-dividend date was Thursday, December 9. This represents a dividend of $ 1.32 on an annualized basis and a dividend yield of 3.53%. WesBanco’s payout ratio is currently 38.26%.
In other WesBanco news, director Stephen J. Callen bought 5,000 shares of WesBanco in a trade dated Monday, December 20. The stock was purchased at an average cost of $ 32.72 per share, for a total value of $ 163,600.00. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this link. Additionally, Director F Eric Nelson, Jr. sold 1,196 shares of the company in a trade that took place on Wednesday, December 22. The shares were sold for an average price of $ 33.46, for a total value of $ 40,018.16. Disclosure of this sale can be found here. 3.13% of the shares are held by insiders of the company.
Several hedge funds and other institutional investors have recently bought and sold stocks. Evermay Wealth Management LLC purchased a new equity stake in WesBanco during the second quarter valued at approximately $ 36,000. Nisa Investment Advisors LLC purchased a new stake in WesBanco during the second quarter valued at approximately $ 36,000. Federated Hermes Inc. purchased a new position in WesBanco shares in the second quarter valued at $ 38,000. O Shaughnessy Asset Management LLC acquired a new stake in WesBanco shares in the third quarter valued at $ 54,000. Finally, Advisory Services Network LLC acquired a new stake in WesBanco during the second quarter for a value of $ 80,000. 62.19% of the shares are currently held by institutional investors.
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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