DA Davidson Brokers Reduce Earnings Estimates for WesBanco

WesBanco, Inc. (NASDAQ:WSBC) – Analysts at DA Davidson dropped their Q1 2025 earnings per share (EPS) estimates for WesBanco in a research note issued to investors on Friday, March 21st. DA Davidson analyst M. Navas now forecasts that the financial services provider will post earnings per share of $0.61 for the quarter, down from their prior estimate of $0.71. DA Davidson currently has a “Buy” rating and a $45.00 target price on the stock. The consensus estimate for WesBanco’s current full-year earnings is $3.24 per share.

WSBC has been the topic of several other reports. Raymond James upgraded WesBanco from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $35.00 to $44.00 in a research report on Friday, December 6th. Stephens reiterated an “equal weight” rating and set a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. StockNews.com upgraded WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods upgraded WesBanco from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $44.00 in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, WesBanco currently has a consensus rating of “Moderate Buy” and an average price target of $40.83.

WesBanco Stock Performance

WesBanco stock opened at $32.25 on Monday. WesBanco has a 1 year low of $25.56 and a 1 year high of $37.36. The company has a market cap of $2.16 billion, a PE ratio of 14.40 and a beta of 0.84. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average is $33.90 and its two-hundred day moving average is $32.98.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%.

WesBanco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Monday, March 10th. WesBanco’s dividend payout ratio is 66.07%.

Institutional Trading of WesBanco

A number of institutional investors have recently modified their holdings of WSBC. Point72 Asset Management L.P. acquired a new stake in WesBanco in the 3rd quarter valued at approximately $56,000. Sterling Capital Management LLC grew its stake in shares of WesBanco by 807.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 1,614 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of WesBanco by 40.9% in the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 603 shares during the last quarter. Roble Belko & Company Inc bought a new stake in shares of WesBanco in the fourth quarter worth $78,000. Finally, Allworth Financial LP boosted its holdings in WesBanco by 668.5% during the fourth quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,146 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors.

WesBanco Company Profile

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.