Wall Street brokerages predict that WesBanco Inc (NASDAQ:WSBC) will announce $0.78 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for WesBanco’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.78. WesBanco posted earnings per share of $0.60 during the same quarter last year, which suggests a positive year-over-year growth rate of 30%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 17th.

On average, analysts expect that WesBanco will report full year earnings of $3.09 per share for the current financial year, with EPS estimates ranging from $3.05 to $3.11. For the next year, analysts expect that the business will report earnings of $3.26 per share, with EPS estimates ranging from $3.20 to $3.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover WesBanco.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Monday, July 23rd. The financial services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.06. WesBanco had a return on equity of 8.85% and a net margin of 24.38%. The firm had revenue of $105.76 million during the quarter, compared to the consensus estimate of $103.37 million. During the same period last year, the company earned $0.60 earnings per share.

Several brokerages have recently weighed in on WSBC. B. Riley raised their price target on WesBanco from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, June 19th. Zacks Investment Research raised WesBanco from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Wednesday, May 30th. ValuEngine raised WesBanco from a “hold” rating to a “buy” rating in a research report on Friday, May 11th. Finally, BidaskClub cut WesBanco from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.40.

In other WesBanco news, Director Charlotte A. Zuschlag sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $49.50, for a total value of $495,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Stephen J. Lawrence sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $47.41, for a total value of $94,820.00. Following the completion of the transaction, the executive vice president now directly owns 7,345 shares in the company, valued at $348,226.45. The disclosure for this sale can be found here. Company insiders own 4.14% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in WesBanco by 5.0% in the 1st quarter. JPMorgan Chase & Co. now owns 25,369 shares of the financial services provider’s stock worth $1,074,000 after acquiring an additional 1,206 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of WesBanco by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 10,372 shares of the financial services provider’s stock worth $467,000 after buying an additional 1,423 shares during the period. Barclays PLC lifted its holdings in shares of WesBanco by 31.2% in the 1st quarter. Barclays PLC now owns 8,766 shares of the financial services provider’s stock worth $371,000 after buying an additional 2,087 shares during the period. Bank of America Corp DE lifted its holdings in shares of WesBanco by 0.5% in the 2nd quarter. Bank of America Corp DE now owns 461,186 shares of the financial services provider’s stock worth $20,772,000 after buying an additional 2,152 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of WesBanco by 2,054.2% in the 1st quarter. Sei Investments Co. now owns 2,542 shares of the financial services provider’s stock worth $108,000 after buying an additional 2,424 shares during the period. 57.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:WSBC traded down $0.17 on Monday, hitting $49.36. 640 shares of the company traded hands, compared to its average volume of 127,097. WesBanco has a 52 week low of $35.49 and a 52 week high of $50.65. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market capitalization of $2.29 billion, a PE ratio of 20.15, a PEG ratio of 1.59 and a beta of 0.90.

WesBanco Company Profile

WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.

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Earnings History and Estimates for WesBanco (NASDAQ:WSBC)

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