Wall Street analysts expect WesBanco, Inc. (NASDAQ: WSBC) to report sales of $ 144.21 million for the current fiscal quarter, according to Zacks investment research. Four analysts have released earnings estimates for WesBanco. The lowest sales estimate is $ 141.39 million and the highest is $ 147.00 million. WesBanco recorded sales of $ 152.42 million in the same quarter last year, suggesting a negative growth rate of 5.4% year-over-year. The company is expected to release its next earnings report on Tuesday, January 25.
On average, analysts expect WesBanco to report annual revenue of $ 591.68 million for the current fiscal year, with estimates ranging from $ 585.18 million to $ 596.00 million. dollars. For the next fiscal year, analysts predict the company will post sales of $ 561.82 million, with estimates ranging from $ 542.33 million to $ 573.96 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts who cover WesBanco.
WesBanco (NASDAQ: WSBC) last released its results on Tuesday, October 26. The financial services provider reported $ 0.70 in EPS for the quarter, missing the consensus estimate of $ 0.77 of ($ 0.07). WesBanco recorded a return on equity of 9.23% and a net margin of 37.95%. The company posted revenue of $ 148.03 million in the quarter, compared to analysts’ expectations of $ 146.23 million. During the same period last year, the company posted $ 0.66 in EPS. WesBanco’s quarterly revenue was down 4.6% from the same quarter last year.
WSBC has been the subject of several research analyst reports. Royal Bank of Canada increased its target price on WesBanco shares from $ 36.00 to $ 38.00 and assigned the stock a “sector performance” rating in a report released on Wednesday, September 29. Boenning Scattergood reissued a “neutral” rating on WesBanco shares in a report released Wednesday (September 29th). Zacks investment research downgraded WesBanco’s shares from a “buy” rating to a “conservation” rating in a report released on Tuesday, October 5. Finally, B. Riley reaffirmed a “neutral” rating on WesBanco shares in a research report on Tuesday, July 27. Seven research analysts rated the stock with a conservation rating. Based on data from MarketBeat.com, WesBanco currently has a consensus rating of “Hold” and a consensus target price of $ 35.90.
A number of institutional investors and hedge funds have recently changed their positions in WSBC. Capital Analysts LLC purchased a new position in WesBanco during the first quarter valued at $ 28,000. Nisa Investment Advisors LLC purchased a new position in WesBanco during the second quarter valued at $ 36,000. Evermay Wealth Management LLC purchased a new position in WesBanco during the second quarter valued at $ 36,000. Federated Hermes Inc. purchased a new position in WesBanco during the second quarter valued at $ 38,000. Finally, Captrust Financial Advisors purchased a new position in WesBanco during the first quarter valued at $ 51,000. Institutional investors hold 62.19% of the shares of the company.
WSBC Actions open for $ 35.64 on Mondays. WesBanco has a one-year low at $ 26.74 and a one-year high at $ 39.87. The company’s fifty-day moving average price is $ 34.57, and its 200-day moving average price is $ 35.31. The company has a debt to equity ratio of 0.15, a quick ratio of 0.83, and a current ratio of 0.81. The company has a market cap of $ 2.25 billion, a PE ratio of 10.33 and a beta of 1.05.
The company also recently declared a quarterly dividend, which was paid on Friday, October 1. Investors registered on Friday September 10 received a dividend of $ 0.33. This represents an annualized dividend of $ 1.32 and a return of 3.70%. The ex-dividend date was Thursday, September 9. WesBanco’s dividend payout ratio is currently 38.26%.
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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