WesBanco (WSBC) Scheduled to Post Quarterly Earnings on Wednesday

WesBanco (NASDAQ:WSBC) is set to announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). WesBanco had a return on equity of 5.90% and a net margin of 15.22%. The business had revenue of $234.35 million during the quarter, compared to the consensus estimate of $148.40 million. During the same period last year, the company earned $0.71 EPS. On average, analysts expect WesBanco to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

WesBanco Stock Performance

NASDAQ:WSBC opened at $30.50 on Tuesday. The stock has a 50-day moving average price of $30.55 and a 200 day moving average price of $29.24. The stock has a market capitalization of $2.04 billion, a P/E ratio of 14.32 and a beta of 0.82. WesBanco has a 12-month low of $23.00 and a 12-month high of $34.85. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.73.

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.36 per share. The ex-dividend date was Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.72%. WesBanco’s dividend payout ratio is 67.61%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Hovde Group increased their price target on WesBanco from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $35.00 target price on shares of WesBanco in a report on Monday, September 9th. Stephens boosted their price target on shares of WesBanco from $27.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods increased their price objective on shares of WesBanco from $30.00 to $34.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, DA Davidson boosted their target price on shares of WesBanco from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.71.

Insiders Place Their Bets

In other news, EVP Michael L. Perkins sold 5,363 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $30.19, for a total value of $161,908.97. Following the sale, the executive vice president now owns 46,817 shares of the company’s stock, valued at approximately $1,413,405.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.44% of the stock is owned by insiders.

About WesBanco

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.