Equities analysts forecast that WesBanco Inc (NASDAQ:WSBC) will announce sales of $103.37 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for WesBanco’s earnings, with estimates ranging from $102.20 million to $105.13 million. WesBanco posted sales of $94.26 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.7%. The company is expected to report its next earnings results on Wednesday, July 18th.
On average, analysts expect that WesBanco will report full year sales of $431.81 million for the current financial year, with estimates ranging from $430.11 million to $433.20 million. For the next year, analysts expect that the firm will post sales of $512.89 million per share, with estimates ranging from $494.16 million to $524.98 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow WesBanco.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. WesBanco had a net margin of 23.81% and a return on equity of 8.29%. The firm had revenue of $97.27 million during the quarter, compared to the consensus estimate of $96.77 million. During the same quarter in the prior year, the firm earned $0.59 EPS. WesBanco’s revenue for the quarter was up 3.9% on a year-over-year basis.
In other WesBanco news, EVP Stephen J. Lawrence sold 2,000 shares of the company’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $47.41, for a total transaction of $94,820.00. Following the completion of the transaction, the executive vice president now owns 7,345 shares in the company, valued at approximately $348,226.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.14% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of WSBC. Schwab Charles Investment Management Inc. grew its stake in shares of WesBanco by 3.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 205,330 shares of the financial services provider’s stock worth $8,347,000 after purchasing an additional 6,996 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of WesBanco during the 4th quarter worth $603,000. California Public Employees Retirement System grew its stake in shares of WesBanco by 12.7% during the 4th quarter. California Public Employees Retirement System now owns 64,515 shares of the financial services provider’s stock worth $2,623,000 after purchasing an additional 7,273 shares during the period. Swiss National Bank grew its stake in shares of WesBanco by 4.2% during the 4th quarter. Swiss National Bank now owns 76,300 shares of the financial services provider’s stock worth $3,102,000 after purchasing an additional 3,100 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of WesBanco by 24.3% during the 4th quarter. First Trust Advisors LP now owns 75,406 shares of the financial services provider’s stock worth $3,065,000 after purchasing an additional 14,723 shares during the period. 57.78% of the stock is currently owned by institutional investors and hedge funds.
WesBanco stock traded up $0.20 during trading hours on Friday, reaching $45.99. 70,349 shares of the stock were exchanged, compared to its average volume of 146,423. The company has a market cap of $2.13 billion, a P/E ratio of 18.77, a PEG ratio of 1.53 and a beta of 0.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.86 and a current ratio of 0.86. WesBanco has a 52-week low of $35.49 and a 52-week high of $48.37.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 2nd. Shareholders of record on Friday, June 8th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, June 7th. This represents a $1.16 dividend on an annualized basis and a yield of 2.52%. WesBanco’s payout ratio is currently 47.35%.
WesBanco Company Profile
WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.
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