WesBanco Inc (NASDAQ:WSBC) – Equities research analysts at B. Riley increased their Q1 2018 earnings estimates for WesBanco in a research report issued to clients and investors on Thursday. B. Riley analyst S. Moss now expects that the financial services provider will earn $0.70 per share for the quarter, up from their prior forecast of $0.60. B. Riley has a “Hold” rating and a $40.00 price objective on the stock. B. Riley also issued estimates for WesBanco’s Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.76 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.78 EPS and Q4 2019 earnings at $0.80 EPS.
A number of other equities research analysts have also issued reports on WSBC. Zacks Investment Research raised WesBanco from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Saturday, January 6th. Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a research report on Tuesday, January 2nd. DA Davidson set a $48.00 price target on WesBanco and gave the company a “buy” rating in a research report on Thursday, December 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $41.00 price target on shares of WesBanco in a research report on Tuesday, October 3rd. Finally, Sandler O’Neill lowered WesBanco from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. WesBanco presently has an average rating of “Hold” and a consensus target price of $42.80.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The company had revenue of $95.15 million during the quarter, compared to analyst estimates of $98.37 million. WesBanco had a net margin of 24.73% and a return on equity of 7.66%. During the same period in the prior year, the business earned $0.60 EPS.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WSBC. Ameritas Investment Partners Inc. increased its holdings in shares of WesBanco by 6.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,697 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 229 shares during the last quarter. Amalgamated Bank purchased a new position in shares of WesBanco in the 2nd quarter valued at about $211,000. Victory Capital Management Inc. increased its holdings in shares of WesBanco by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,350 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 801 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of WesBanco in the 3rd quarter valued at about $220,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of WesBanco by 22.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,695 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 1,045 shares during the last quarter. Institutional investors and hedge funds own 59.11% of the company’s stock.
In other news, Director F Eric Nelson, Jr. sold 12,500 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $42.06, for a total value of $525,750.00. Following the transaction, the director now owns 29,717 shares in the company, valued at approximately $1,249,897.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.05% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.44%. WesBanco’s payout ratio is currently 44.44%.
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WesBanco Company Profile
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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