Wall Street brokerages forecast that WesBanco Inc (NASDAQ:WSBC) will report $0.79 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for WesBanco’s earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.76. WesBanco posted earnings per share of $0.76 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The firm is expected to issue its next earnings report on Tuesday, April 16th.

On average, analysts expect that WesBanco will report full-year earnings of $3.36 per share for the current year, with EPS estimates ranging from $3.25 to $3.68. For the next financial year, analysts forecast that the firm will post earnings of $3.38 per share, with EPS estimates ranging from $3.35 to $3.43. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for WesBanco.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). WesBanco had a net margin of 27.77% and a return on equity of 9.72%. The business had revenue of $128.33 million for the quarter, compared to analysts’ expectations of $130.42 million. During the same quarter in the prior year, the firm posted $0.66 EPS.

A number of brokerages have recently weighed in on WSBC. BidaskClub downgraded WesBanco from a “hold” rating to a “sell” rating in a report on Friday, December 7th. B. Riley set a $45.00 price target on WesBanco and gave the company a “hold” rating in a report on Friday, November 2nd. Boenning Scattergood reiterated a “hold” rating on shares of WesBanco in a report on Friday, October 26th. Finally, Zacks Investment Research downgraded WesBanco from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a report on Saturday, November 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $44.67.

Several hedge funds have recently modified their holdings of the company. Citadel Advisors LLC boosted its position in WesBanco by 477.0% during the third quarter. Citadel Advisors LLC now owns 61,850 shares of the financial services provider’s stock valued at $2,757,000 after purchasing an additional 51,131 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of WesBanco by 20.2% in the third quarter. Vanguard Group Inc. now owns 4,763,213 shares of the financial services provider’s stock worth $212,344,000 after buying an additional 798,937 shares during the last quarter. HL Financial Services LLC acquired a new stake in shares of WesBanco in the third quarter worth about $1,268,000. Dalton Greiner Hartman Maher & Co. lifted its position in shares of WesBanco by 6.8% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 287,764 shares of the financial services provider’s stock worth $12,829,000 after buying an additional 18,320 shares during the last quarter. Finally, Vanguard Group Inc lifted its position in shares of WesBanco by 20.2% in the third quarter. Vanguard Group Inc now owns 4,763,213 shares of the financial services provider’s stock worth $212,344,000 after buying an additional 798,937 shares during the last quarter. Institutional investors and hedge funds own 56.82% of the company’s stock.

Shares of WSBC stock traded up $0.38 on Monday, reaching $40.92. 50,256 shares of the company’s stock traded hands, compared to its average volume of 108,036. WesBanco has a 12-month low of $34.14 and a 12-month high of $51.12. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.21 and a beta of 1.07.

About WesBanco

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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