Stock analysts predict that WesBanco, Inc. (NASDAQ: WSBC) will report revenue of $ 144.24 million for the current fiscal quarter, Zacks investment research reports. Three analysts have released earnings estimates for WesBanco, with the lowest sales estimate at $ 140.34 million and the highest estimate at $ 147.57 million. WesBanco reported sales of $ 155.21 million in the same quarter last year, indicating a negative growth rate of 7.1% year-over-year. The company is expected to announce its next earnings report on Wednesday, October 20.
On average, analysts expect WesBanco to report annual revenue of $ 588.75 million for the current fiscal year, with estimates ranging from $ 583.98 million to $ 593.15 million. dollars. For the next fiscal year, analysts predict the company will post sales of $ 563.98 million, with estimates ranging from $ 542.33 million to $ 578.83 million. Zacks Investment Research sales averages are an average based on a survey of sales-side research analysts who cover WesBanco.
WesBanco (NASDAQ: WSBC) last released its quarterly results on Tuesday, July 27. The financial services provider reported earnings per share of $ 1.01 for the quarter, beating the Zacks consensus estimate by $ 0.75 by $ 0.26. WesBanco had a net margin of 36.64% and a return on equity of 9.17%. The company posted revenue of $ 151.97 million in the quarter, compared to a consensus estimate of $ 149.17 million. In the same quarter of the previous year, the company posted EPS of $ 0.07. The company’s quarterly revenue increased 0.1% year-on-year.
Several stock analysts recently commented on the title. Boenning Scattergood reissued a “neutral” rating on WesBanco shares in a research note on Wednesday, September 29. Raymond James downgraded WesBanco shares from an “outperformance” rating to a “market performance” rating in a research note on Thursday, July 8. B. Riley reissued a “neutral” rating on WesBanco shares in a research note on Tuesday, July 27. Royal Bank of Canada increased its price target on WesBanco shares from $ 36.00 to $ 38.00 and assigned the company a “sector performance” rating in a research note on Wednesday, September 29. Ultimately, Zacks investment research Reduces WesBanco’s stock from a “buy” rating to a “hold” rating in a research report released Tuesday. Seven research analysts rated the stock with a conservation rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $ 34.75.
Actions of WesBanco shares open for $ 36.60 Friday. The company has a 50-day moving average of $ 33.30 and a 200-day moving average of $ 35.33. WesBanco has a one-year low at $ 22.53 and a one-year high at $ 39.87. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt ratio of 0.19. The company has a market cap of $ 2.39 billion, a PE ratio of 10.70 and a beta of 1.09.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 1. Shareholders of record on Friday, September 10 received a dividend of $ 0.33 per share. This represents an annualized dividend of $ 1.32 and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, September 9. WesBanco’s dividend payout ratio (DPR) is currently 70.21%.
Several institutional investors and hedge funds have recently bought and sold shares in the company. Parametric Portfolio Associates LLC increased its position in WesBanco shares by 5.8% during the second quarter. Parametric Portfolio Associates LLC now owns 135,258 shares of the financial services provider valued at $ 4,819,000 after purchasing an additional 7,355 shares during the period. Morgan Stanley increased its position in WesBanco shares by 171.1% in the second quarter. Morgan Stanley now owns 204,113 shares of the financial services provider valued at $ 7,272,000 after purchasing an additional 128,822 shares during the period. Invesco Ltd. increased its position in WesBanco shares by 7.3% in the second quarter. Invesco Ltd. now owns 574,463 shares of the financial services provider valued at $ 20,468,000 after purchasing an additional 39,014 shares during the period. Metropolitan Life Insurance Co NY increased its position in WesBanco shares by 98,927.8% during the second quarter. Metropolitan Life Insurance Co NY now owns 17,825 shares of the financial services provider valued at $ 635,000 after purchasing an additional 17,807 shares during the period. Finally, Squarepoint Ops LLC acquired a new equity stake in WesBanco during the second quarter valued at $ 1,124,000. Institutional investors hold 62.31% of the company’s shares.
WesBanco Company Profile
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking Services and Trust and Investment Services. The Community Banking segment provides services traditionally offered by service commercial banks, including commercial sight, individual sight and term accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.
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