What is DA Davidson's Forecast for WesBanco Q1 Earnings?

WesBanco, Inc. (NASDAQ:WSBC - Free Report) - Stock analysts at DA Davidson issued their Q1 2025 EPS estimates for WesBanco in a report released on Tuesday, January 28th. DA Davidson analyst M. Navas expects that the financial services provider will post earnings per share of $0.71 for the quarter. 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 $3.13 per share. DA Davidson also issued estimates for WesBanco's FY2025 earnings at $3.95 EPS.

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 analysts' consensus estimates of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%.

A number of other research analysts have also weighed in on the company. Stephens reaffirmed an "equal weight" rating and set a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. Raymond James raised shares of WesBanco from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company from $35.00 to $44.00 in a research note on Friday, December 6th. Finally, StockNews.com upgraded shares of WesBanco from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.17.

WesBanco Stock Performance

Shares of NASDAQ:WSBC traded down $0.72 during midday trading on Thursday, reaching $34.32. 399,818 shares of the company traded hands, compared to its average volume of 452,976. The firm's fifty day moving average price is $33.66 and its two-hundred day moving average price is $32.29. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.32 and a beta of 0.84. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. WesBanco has a 12 month low of $25.56 and a 12 month high of $37.36.

WesBanco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.31%. This is a boost from WesBanco's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, December 6th. WesBanco's dividend payout ratio is 66.07%.

Insider Activity at WesBanco

In other news, EVP Michael L. Perkins sold 1,125 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $34.87, for a total value of $39,228.75. Following the transaction, the executive vice president now owns 46,817 shares of the company's stock, valued at $1,632,508.79. This represents a 2.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.44% of the stock is currently owned by insiders.

Institutional Trading of WesBanco

A number of hedge funds have recently made changes to their positions in WSBC. Quarry LP raised its position in WesBanco by 215.3% during the second quarter. Quarry LP now owns 1,337 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 913 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of WesBanco during the 3rd quarter valued at about $56,000. CWM LLC raised its holdings in shares of WesBanco by 175.2% during the 3rd quarter. CWM LLC now owns 2,072 shares of the financial services provider's stock valued at $62,000 after buying an additional 1,319 shares in the last quarter. Principal Securities Inc. lifted its position in WesBanco by 40.9% in the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock worth $68,000 after buying an additional 603 shares during the last quarter. Finally, Roble Belko & Company Inc purchased a new stake in WesBanco in the fourth quarter worth approximately $78,000. 61.41% of the stock is 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.