Q2 2018 Earnings Estimate for WesBanco Inc Issued By DA Davidson (WSBC)
WesBanco Inc (NASDAQ:WSBC) – Investment analysts at DA Davidson dropped their Q2 2018 earnings per share estimates for shares of WesBanco in a research report issued to clients and investors on Thursday. DA Davidson analyst R. Gunther now anticipates that the financial services provider will post earnings per share of $0.64 for the quarter, down from their previous forecast of $0.65. DA Davidson currently has a “Buy” rating and a $48.00 target price on the stock. DA Davidson also issued estimates for WesBanco’s Q1 2019 earnings at $0.72 EPS, Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.71 EPS and FY2019 earnings at $2.85 EPS.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The firm had revenue of $95.15 million for the quarter, compared to analyst estimates of $98.37 million. WesBanco had a return on equity of 7.66% and a net margin of 24.73%. During the same period last year, the firm earned $0.60 EPS.
A number of other analysts have also recently commented on WSBC. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $41.00 price objective on shares of WesBanco in a research report on Tuesday, October 3rd. FBR & Co set a $40.00 price objective on WesBanco and gave the stock a “hold” rating in a research report on Friday, October 20th. Boenning Scattergood reiterated a “hold” rating on shares of WesBanco in a research report on Friday, October 20th. Sandler O’Neill cut WesBanco from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Zacks Investment Research cut WesBanco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.25.
Shares of WesBanco (NASDAQ WSBC) opened at $41.26 on Friday. The company has a market capitalization of $1,842.79, a PE ratio of 17.63, a P/E/G ratio of 1.74 and a beta of 1.00. WesBanco has a 52-week low of $34.81 and a 52-week high of $44.19. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89.
Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. lifted its stake in shares of WesBanco by 4,236.6% in the 2nd quarter. Sei Investments Co. now owns 4,380 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 4,279 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of WesBanco by 3.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 187,975 shares of the financial services provider’s stock valued at $7,433,000 after purchasing an additional 7,113 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of WesBanco by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 52,169 shares of the financial services provider’s stock valued at $2,063,000 after purchasing an additional 1,710 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of WesBanco by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 12,419 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 32 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of WesBanco by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 287,970 shares of the financial services provider’s stock valued at $11,386,000 after purchasing an additional 14,727 shares in the last quarter. Institutional investors own 59.11% of the company’s stock.
In other WesBanco news, Director F Eric Nelson, Jr. sold 12,500 shares of WesBanco stock in a transaction dated Thursday, December 21st. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.05% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, December 7th. WesBanco’s dividend payout ratio (DPR) is 44.44%.
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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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