Equities research analysts expect WesBanco Inc (NASDAQ:WSBC) to announce $96.7 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for WesBanco’s earnings. The lowest sales estimate is $94.98 million and the highest is $98 million. WesBanco reported sales of $79.37 million during the same quarter last year, which suggests a positive year-over-year growth rate of 21.8%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, July 18th.
On average, analysts expect that WesBanco will report full-year sales of $96.7 million for the current financial year, with estimates ranging from $383.41 million to $394.79 million. For the next year, analysts expect that the firm will post sales of $410.3 million per share, with estimates ranging from $399.89 million to $417.07 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for WesBanco.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $93.60 million for the quarter, compared to analyst estimates of $94.82 million. WesBanco had a net margin of 23.57% and a return on equity of 7.81%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share.
A number of analysts recently commented on WSBC shares. Zacks Investment Research downgraded shares of WesBanco from a “buy” rating to a “hold” rating in a report on Wednesday, February 15th. DA Davidson started coverage on shares of WesBanco in a report on Monday, March 6th. They issued a “neutral” rating and a $45.00 target price on the stock. They noted that the move was a valuation call. Sandler O’Neill upgraded shares of WesBanco from a “hold” rating to a “buy” rating in a report on Wednesday, March 29th. Stephens reiterated an “overweight” rating on shares of WesBanco in a report on Tuesday, April 11th. Finally, Keefe, Bruyette & Woods set a $42.00 target price on shares of WesBanco and gave the stock a “hold” rating in a report on Monday, April 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. WesBanco has an average rating of “Hold” and a consensus price target of $40.00.
Shares of WesBanco (NASDAQ:WSBC) opened at 39.88 on Friday. The stock has a 50 day moving average of $38.32 and a 200 day moving average of $39.32. WesBanco has a 52-week low of $29.44 and a 52-week high of $44.19. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 18.48 and a beta of 0.88.
In other news, EVP Gregory A. Dugan sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $40.72, for a total transaction of $325,760.00. Following the sale, the executive vice president now owns 13,051 shares in the company, valued at $531,436.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lisa A. Knutson purchased 3,200 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were purchased at an average price of $40.63 per share, for a total transaction of $130,016.00. Following the acquisition, the director now directly owns 6,378 shares of the company’s stock, valued at $259,138.14. The disclosure for this purchase can be found here. 4.22% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in WesBanco by 0.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,933 shares of the financial services provider’s stock worth $557,000 after buying an additional 51 shares in the last quarter. IFP Advisors Inc raised its stake in WesBanco by 0.5% in the first quarter. IFP Advisors Inc now owns 16,894 shares of the financial services provider’s stock worth $644,000 after buying an additional 92 shares in the last quarter. Schneider Downs Wealth Management Advisors LP raised its stake in WesBanco by 0.6% in the first quarter. Schneider Downs Wealth Management Advisors LP now owns 21,816 shares of the financial services provider’s stock worth $831,000 after buying an additional 120 shares in the last quarter. AMG Funds LLC raised its stake in WesBanco by 1.1% in the first quarter. AMG Funds LLC now owns 21,172 shares of the financial services provider’s stock worth $807,000 after buying an additional 222 shares in the last quarter. Finally, BB&T Corp raised its stake in WesBanco by 2.8% in the first quarter. BB&T Corp now owns 9,031 shares of the financial services provider’s stock worth $345,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 55.10% of the company’s stock.
WesBanco Company Profile
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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