$0.70 Earnings Per Share Expected for WesBanco Inc (WSBC) This Quarter
Brokerages forecast that WesBanco Inc (NASDAQ:WSBC) will report earnings per share of $0.70 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for WesBanco’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.68. WesBanco posted earnings per share of $0.60 during the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The business is scheduled to issue its next quarterly earnings results on Tuesday, April 17th.
According to Zacks, 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 fiscal year, analysts forecast that the company will report earnings of $3.11 per share, with EPS estimates ranging from $3.05 to $3.25. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow WesBanco.
WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. WesBanco had a net margin of 22.43% and a return on equity of 7.83%. The company had revenue of $96.12 million during the quarter, compared to analysts’ expectations of $98.48 million. During the same quarter in the previous year, the company earned $0.59 EPS.
Shares of WesBanco (NASDAQ WSBC) opened at $41.82 on Monday. WesBanco has a 1 year low of $34.81 and a 1 year high of $43.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $1,841.88, a P/E ratio of 19.45, a PEG ratio of 1.43 and a beta of 0.96.
In other news, Director F Eric Nelson, Jr. sold 12,500 shares of the company’s 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 transaction, the director now owns 29,717 shares in the company, valued at $1,249,897.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Denise H. Knouse-Snyder purchased 1,575 shares of WesBanco stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $41.44 per share, with a total value of $65,268.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $82,880. The disclosure for this purchase can be found here. 4.05% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its holdings in shares of WesBanco by 6.6% in the second quarter. Ameritas Investment Partners Inc. now owns 3,697 shares of the financial services provider’s stock valued at $146,000 after buying an additional 229 shares during the period. Amalgamated Bank acquired a new position in shares of WesBanco in the second quarter valued at approximately $211,000. Stifel Financial Corp acquired a new position in shares of WesBanco in the third quarter valued at approximately $220,000. Susquehanna International Group LLP acquired a new position in shares of WesBanco in the second quarter valued at approximately $236,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of WesBanco by 4.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,052 shares of the financial services provider’s stock valued at $239,000 after buying an additional 269 shares during the period. Institutional investors own 59.05% 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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