Equities Analysts Issue Forecasts for WesBanco Q1 Earnings

WesBanco, Inc. (NASDAQ:WSBC - Free Report) - Investment analysts at DA Davidson reduced their Q1 2025 earnings per share (EPS) estimates for WesBanco in a note issued to investors on Friday, March 21st. DA Davidson analyst M. Navas now forecasts that the financial services provider will earn $0.61 per share for the quarter, down from their previous forecast 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.

WesBanco (NASDAQ:WSBC - Get Free Report) last issued its 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%.

Several other analysts have also recently weighed in on WSBC. Raymond James raised WesBanco from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $35.00 to $44.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods raised WesBanco from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $40.00 to $44.00 in a report on Monday, February 10th. Stephens restated an "equal weight" rating and set a $39.00 price target on shares of WesBanco in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.83.

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WesBanco Price Performance

NASDAQ:WSBC traded down $0.09 during mid-day trading on Monday, hitting $31.83. 443,341 shares of the stock traded hands, compared to its average volume of 355,941. The business's 50-day moving average price is $33.90 and its 200 day moving average price is $32.97. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.13 billion, a PE ratio of 14.21 and a beta of 0.84. WesBanco has a 12-month low of $25.56 and a 12-month high of $37.36.

Institutional Investors Weigh In On WesBanco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WSBC. Wellington Management Group LLP bought a new stake in WesBanco during the third quarter worth about $116,114,000. Vanguard Group Inc. lifted its holdings in shares of WesBanco by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 6,710,539 shares of the financial services provider's stock valued at $218,361,000 after purchasing an additional 705,483 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of WesBanco in the 3rd quarter worth approximately $12,333,000. Earnest Partners LLC grew its stake in shares of WesBanco by 27.1% in the 4th quarter. Earnest Partners LLC now owns 1,777,002 shares of the financial services provider's stock worth $57,824,000 after buying an additional 379,386 shares during the last quarter. Finally, Barclays PLC increased its position in WesBanco by 104.8% during the 4th quarter. Barclays PLC now owns 371,347 shares of the financial services provider's stock valued at $12,084,000 after buying an additional 190,022 shares in the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.

WesBanco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.37 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.48 annualized dividend and a yield of 4.65%. WesBanco's dividend payout ratio (DPR) is presently 66.07%.

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.