Wall Street analysts expect that WesBanco Inc (NASDAQ:WSBC) will report sales of $129.21 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for WesBanco’s earnings. The highest sales estimate is $135.70 million and the lowest is $122.24 million. WesBanco posted sales of $128.33 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.7%. The firm is expected to issue its next earnings results on Monday, January 27th.
On average, analysts expect that WesBanco will report full year sales of $509.49 million for the current fiscal year, with estimates ranging from $505.16 million to $514.50 million. For the next fiscal year, analysts expect that the business will report sales of $609.83 million, with estimates ranging from $592.36 million to $621.35 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow WesBanco.
WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.10). WesBanco had a return on equity of 8.38% and a net margin of 28.22%. The business had revenue of $117.35 million for the quarter, compared to analysts’ expectations of $126.48 million. During the same quarter in the prior year, the business earned $0.64 EPS. The company’s revenue was up 8.3% compared to the same quarter last year.
In related news, EVP Jonathan D. Dargusch sold 4,504 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $38.10, for a total transaction of $171,602.40. Following the completion of the sale, the executive vice president now owns 20,219 shares in the company, valued at $770,343.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd Clossin bought 7,500 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average cost of $36.46 per share, for a total transaction of $273,450.00. Following the purchase, the chief executive officer now directly owns 63,912 shares in the company, valued at approximately $2,330,231.52. The disclosure for this purchase can be found here. 3.24% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Resources Management Corp CT ADV purchased a new position in WesBanco during the 3rd quarter valued at approximately $620,000. Sunbelt Securities Inc. purchased a new stake in WesBanco during the third quarter valued at $436,000. Aperio Group LLC raised its stake in WesBanco by 12.7% during the second quarter. Aperio Group LLC now owns 11,358 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 1,282 shares in the last quarter. GSA Capital Partners LLP bought a new position in WesBanco during the second quarter valued at $468,000. Finally, First Mercantile Trust Co. bought a new position in WesBanco during the third quarter valued at $43,000. 61.69% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:WSBC traded up $0.11 during midday trading on Friday, hitting $38.11. The company had a trading volume of 74,498 shares, compared to its average volume of 256,146. WesBanco has a 12-month low of $33.19 and a 12-month high of $43.13. The company has a fifty day moving average of $37.17 and a two-hundred day moving average of $36.66. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 11.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.89 and a quick ratio of 0.89.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.25%. WesBanco’s dividend payout ratio (DPR) is presently 38.63%.
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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