WesBanco, Inc. (NASDAQ:WSBC - Free Report) - Analysts at DA Davidson issued their Q4 2024 earnings per share estimates for WesBanco in a note issued to investors on Tuesday, October 29th. DA Davidson analyst M. Navas anticipates that the financial services provider will post earnings of $0.55 per share for the quarter. DA Davidson currently has a "Buy" rating and a $42.00 price target on the stock. The consensus estimate for WesBanco's current full-year earnings is $2.06 per share. DA Davidson also issued estimates for WesBanco's FY2025 earnings at $3.30 EPS.
Several other brokerages also recently commented on WSBC. Hovde Group boosted their price objective on shares of WesBanco from $34.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Stephens upped their price target on shares of WesBanco from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Monday. Royal Bank of Canada reiterated a "sector perform" rating and set a $35.00 price target on shares of WesBanco in a report on Monday, September 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of WesBanco from $30.00 to $34.00 and gave the stock a "market perform" rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $34.71.
Read Our Latest Stock Report on WSBC
WesBanco Price Performance
WSBC traded up $0.45 during trading on Wednesday, hitting $31.68. 28,534 shares of the stock traded hands, compared to its average volume of 238,132. WesBanco has a twelve month low of $24.06 and a twelve month high of $34.85. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 14.94 and a beta of 0.82. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50 day moving average price of $30.62 and a 200 day moving average price of $29.37.
WesBanco (NASDAQ:WSBC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. WesBanco had a return on equity of 5.91% and a net margin of 14.79%. The business had revenue of $243.34 million during the quarter, compared to analysts' expectations of $152.40 million. During the same period in the previous year, the company posted $0.59 earnings per share.
WesBanco Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.44 annualized dividend and a dividend yield of 4.55%. WesBanco's dividend payout ratio is 68.90%.
Insider Buying and Selling
In other WesBanco news, EVP Michael L. Perkins sold 5,363 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $30.19, for a total transaction 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 hyperlink. 3.44% of the stock is currently owned by insiders.
Hedge Funds Weigh In On WesBanco
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in shares of WesBanco by 34.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,292 shares of the financial services provider's stock worth $197,000 after acquiring an additional 1,617 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of WesBanco in the 1st quarter worth about $222,000. BNP Paribas Financial Markets raised its holdings in shares of WesBanco by 43.3% in the 1st quarter. BNP Paribas Financial Markets now owns 34,350 shares of the financial services provider's stock worth $1,024,000 after acquiring an additional 10,375 shares during the last quarter. Avalon Advisory Group acquired a new stake in shares of WesBanco in the 1st quarter worth about $247,000. Finally, Empowered Funds LLC increased its stake in WesBanco by 8.2% in the 1st quarter. Empowered Funds LLC now owns 163,952 shares of the financial services provider's stock valued at $4,887,000 after buying an additional 12,392 shares during the last quarter. Institutional investors own 61.41% of the company's stock.
WesBanco Company Profile
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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.
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