WesBanco Inc (WSBC) Expected to Announce Earnings of $0.70 Per Share
Equities analysts expect that WesBanco Inc (NASDAQ:WSBC) will announce earnings per share of $0.70 for the current quarter, Zacks reports. Four analysts have issued estimates for WesBanco’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.68. WesBanco reported earnings of $0.60 per share in the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The firm is expected 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 forecast that the business will report earnings of $3.11 per share, with EPS estimates ranging from $3.05 to $3.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for WesBanco.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.66 EPS 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 analyst estimates of $98.48 million. During the same quarter last year, the business posted $0.59 EPS.
WesBanco (WSBC) traded up $0.48 during trading on Monday, reaching $42.60. 116,509 shares of the company were exchanged, compared to its average volume of 133,436. WesBanco has a 1 year low of $34.81 and a 1 year high of $43.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.85. The firm has a market cap of $1,855.10, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.44 and a beta of 0.96.
In other WesBanco news, Director F Eric Nelson, Jr. sold 12,500 shares of the 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 owns 29,717 shares in the company, valued at approximately $1,249,897.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Denise H. Knouse-Snyder purchased 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 acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $82,880. The disclosure for this purchase can be found here. 4.05% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in WSBC. River Road Asset Management LLC raised its holdings in shares of WesBanco by 41.4% during the 3rd quarter. River Road Asset Management LLC now owns 537,197 shares of the financial services provider’s stock valued at $22,036,000 after purchasing an additional 157,370 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of WesBanco by 11.1% during the 3rd quarter. Macquarie Group Ltd. now owns 1,525,400 shares of the financial services provider’s stock valued at $62,572,000 after purchasing an additional 152,280 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of WesBanco by 8.8% during the 3rd quarter. Earnest Partners LLC now owns 1,641,852 shares of the financial services provider’s stock valued at $67,349,000 after purchasing an additional 132,434 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of WesBanco by 132.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 129,902 shares of the financial services provider’s stock valued at $5,137,000 after purchasing an additional 74,115 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of WesBanco by 2.3% during the 4th quarter. BlackRock Inc. now owns 2,813,716 shares of the financial services provider’s stock valued at $114,377,000 after purchasing an additional 64,509 shares in the last quarter. Institutional investors and hedge funds own 58.83% of the company’s stock.
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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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