Research Analysts Offer Predictions for WesBanco Inc’s Q2 2018 Earnings (WSBC)
WesBanco Inc (NASDAQ:WSBC) – Equities researchers at DA Davidson upped their Q2 2018 EPS estimates for WesBanco in a research note issued on Wednesday. DA Davidson analyst R. Gunther now forecasts that the financial services provider will earn $0.67 per share for the quarter, up from their previous estimate of $0.64. DA Davidson currently has a “Buy” rating and a $48.00 target price on the stock.
WesBanco (NASDAQ:WSBC) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The firm had revenue of $96.12 million during the quarter, compared to analyst estimates of $98.48 million. WesBanco had a net margin of 22.43% and a return on equity of 7.83%. During the same quarter last year, the business earned $0.59 EPS.
Shares of WesBanco (NASDAQ:WSBC) opened at $41.25 on Monday. The stock has a market cap of $1,825.15, a PE ratio of 19.19, a PEG ratio of 1.42 and a beta of 1.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.85. WesBanco has a twelve month low of $34.81 and a twelve month high of $43.25.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.52%. The ex-dividend date was Thursday, December 7th. WesBanco’s dividend payout ratio is presently 48.37%.
In related news, Director F Eric Nelson, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $42.06, for a total value of $525,750.00. Following the transaction, the director now owns 29,717 shares of the company’s stock, valued at approximately $1,249,897.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.05% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Foundry Partners LLC increased its position in WesBanco by 3.3% during the 4th quarter. Foundry Partners LLC now owns 191,992 shares of the financial services provider’s stock valued at $7,804,000 after purchasing an additional 6,108 shares during the period. Cornerstone Financial Partners LLC purchased a new position in shares of WesBanco in the 4th quarter worth approximately $379,000. Schwab Charles Investment Management Inc. grew its position in shares of WesBanco by 3.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 205,330 shares of the financial services provider’s stock worth $8,347,000 after buying an additional 6,996 shares during the last quarter. Creative Planning grew its position in shares of WesBanco by 671.8% in the 4th quarter. Creative Planning now owns 62,616 shares of the financial services provider’s stock worth $2,545,000 after buying an additional 54,503 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of WesBanco by 26.2% in the 4th quarter. Bank of Montreal Can now owns 28,445 shares of the financial services provider’s stock worth $1,156,000 after buying an additional 5,900 shares during the last quarter. 59.24% of the stock is currently owned by institutional investors and hedge funds.
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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