WesBanco (WSBC) to Release Quarterly Earnings on Tuesday

WesBanco (NASDAQ:WSBCGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 26th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

WesBanco (NASDAQ:WSBCGet Rating) last posted its earnings results on Tuesday, January 25th. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.13. WesBanco had a return on equity of 9.32% and a net margin of 39.22%. The company had revenue of $141.04 million for the quarter, compared to the consensus estimate of $145.33 million. During the same period in the previous year, the business earned $0.76 earnings per share. On average, analysts expect WesBanco to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of WSBC stock opened at $33.82 on Tuesday. WesBanco has a 1 year low of $30.21 and a 1 year high of $39.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $35.21 and its two-hundred day simple moving average is $35.47. The company has a market cap of $2.07 billion, a PE ratio of 9.61 and a beta of 0.96.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Friday, March 11th were paid a dividend of $0.34 per share. This is a boost from WesBanco’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.02%. WesBanco’s dividend payout ratio is currently 38.64%.

In other news, Director Joseph R. Robinson bought 3,000 shares of the stock in a transaction that occurred on Thursday, January 27th. The stock was purchased at an average price of $34.80 per share, for a total transaction of $104,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan D. Dargusch sold 1,121 shares of the business’s stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $36.93, for a total transaction of $41,398.53. The disclosure for this sale can be found here. 3.15% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its position in shares of WesBanco by 171.1% in the second quarter. Morgan Stanley now owns 204,113 shares of the financial services provider’s stock valued at $7,272,000 after purchasing an additional 128,822 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of WesBanco in the third quarter worth approximately $231,000. BNP Paribas Arbitrage SA boosted its position in shares of WesBanco by 104.2% in the third quarter. BNP Paribas Arbitrage SA now owns 18,714 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 9,548 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of WesBanco by 27.3% in the fourth quarter. JPMorgan Chase & Co. now owns 122,609 shares of the financial services provider’s stock worth $4,290,000 after acquiring an additional 26,295 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in WesBanco by 42.9% in the fourth quarter. LPL Financial LLC now owns 55,037 shares of the financial services provider’s stock valued at $1,926,000 after buying an additional 16,532 shares during the period. 60.15% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on WSBC shares. B. Riley dropped their price objective on WesBanco from $35.00 to $32.00 in a research note on Tuesday, April 12th. StockNews.com initiated coverage on WesBanco in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research upgraded WesBanco from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, April 1st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, WesBanco has an average rating of “Hold” and an average price target of $37.25.

WesBanco Company Profile (Get Rating)

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. It operates in two segments, Community Banking, and Trust and Investment Services. The company offers commercial demand, individual demand, and time deposit accounts; money market accounts; interest bearing and non-interest bearing demand deposits, as well as savings deposits; and certificates of deposit.

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Earnings History for WesBanco (NASDAQ:WSBC)

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