WesBanco, Inc. (NASDAQ: WSBC) – DA Davidson research analysts released their fourth quarter 2021 EPS estimates for WesBanco shares in a note to investors on Thursday, October 28. DA Davidson analyst R. Gunther predicts the financial services provider will post earnings of $ 0.61 per share for the quarter.
WSBC has been the subject of a number of other research reports. Boenning Scattergood reiterated a “neutral” rating on WesBanco shares in a research report 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. Zacks investment research downgraded WesBanco’s shares from a âbuyâ rating to a âcustodyâ rating in a research report on Tuesday, October 5. Royal Bank of Canada raised its price target for WesBanco shares from $ 36.00 to $ 38.00 and assigned the stock a “sector performance” rating in a research report published on Wednesday, September 29. . Finally, B. Riley reiterated a “neutral” note on WesBanco shares in a research report on Tuesday, July 27. Seven research analysts rated the stock with a conservation rating. According to MarketBeat data, WesBanco currently has an average rating of “Hold” and a consensus target price of $ 35.90.
NASDAQ: WSBC shares opened at $ 34.77 on Monday. The company has a debt to equity ratio of 0.19, a quick ratio of 0.83, and a current ratio of 0.83. The company has a market cap of $ 2.27 billion, a PE ratio of 10.17 and a beta of 1.09. WesBanco has a 52-week low of $ 23.04 and a 52-week high of $ 39.87. The company has a 50-day simple moving average of $ 34.21 and a 200-day simple moving average of $ 35.38. WesBanco (NASDAQ: WSBC) last released its quarterly earnings data on Tuesday, October 26. The financial services provider reported earnings per share (EPS) of $ 0.70 for the quarter, missing the consensus estimate of $ 0.77 of ($ 0.07). The company posted revenue of $ 148.03 million in the quarter, compared to a consensus estimate of $ 146.23 million. WesBanco had a net margin of 36.64% and a return on equity of 9.17%. The company’s revenue was down 4.6% year-on-year. In the same quarter of last year, the company made earnings per share of $ 0.66.
The company also recently declared a quarterly dividend, which was paid on Friday, October 1. Shareholders of record on Friday, September 10 received a dividend of $ 0.33. This represents an annualized dividend of $ 1.32 and a dividend yield of 3.80%. The ex-dividend date of this dividend was Thursday, September 9. WesBanco’s dividend payout ratio (DPR) is currently 70.21%.
Institutional investors have recently increased or reduced their stakes in the company. Capital Analysts LLC acquired a new position in WesBanco shares in the first quarter valued at approximately $ 28,000. Nisa Investment Advisors LLC purchased a new equity stake in WesBanco in the second quarter valued at $ 36,000. Evermay Wealth Management LLC purchased a new equity stake in WesBanco in the second quarter valued at $ 36,000. Federated Hermes Inc. purchased a new equity stake in WesBanco in the second quarter valued at $ 38,000. Finally, Captrust Financial Advisors purchased a new equity stake in WesBanco in the first quarter valued at $ 51,000. Institutional investors hold 62.31% of the shares of the company.
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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