WesBanco, Inc. (NASDAQ: WSBC) is expected to achieve quarterly revenue of $ 144.21 million
Wall Street brokers expect WesBanco, Inc. (NASDAQ: WSBC) to have revenue of $ 144.21 million for the current quarter Zacks. Four analysts have published estimates of WesBanco’s profits. The lowest revenue estimate is $ 141.39 million and the highest is $ 147.00 million. WesBanco had revenues of $ 152.42 million in the year-ago quarter, indicating a negative year-over-year growth rate of 5.4%. The company is expected to announce its next quarterly results on Tuesday, January 25th.
On average, analysts expect WesBanco to post total annual sales of $ 591.68 million for the current fiscal year, with estimates ranging between $ 585.18 million and $ 596.00 million. For the next year, analysts are forecasting revenues of $ 561.82 million, with estimates ranging between $ 542.33 million and $ 573.96 million. Zacks’ sales averages are an average based on a survey of sell-side research firms covering WesBanco.
WesBanco (NASDAQ: WSBC) last released its quarterly earnings data on Tuesday, October 26th. The financial services company reported earnings per share of $ 0.70 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.77 ($ 0.07). The company had revenue of $ 148.03 million for the quarter, compared to analyst expectations of $ 146.23 million. WesBanco had a return on equity of 9.23% and a net margin of 37.95%. The company’s revenue for the quarter decreased 4.6% year over year. In the same period last year, the company achieved $ 0.66 EPS.
Several analysts have published reports on WSBC shares. The Royal Bank of Canada raised its target price for WesBanco from USD 36.00 to USD 38.00 and rated the company as a “sector performance” in a research release on Wednesday, September 29th. Boenning Scattergood confirmed in a research report on Wednesday, September 29th, a “neutral” rating of the WesBanco share. In the end, Zacks Investment Research In an October 5 report, WesBanco was downgraded from a “Buy” rating to a “Hold” rating. Six analysts have given the share a hold rating. Based on data from MarketBeat.com, WesBanco has an average rating of “Hold” and a consensus price target of $ 37.00.
In related news, director James W. Cornelsen sold 30,907 shares of the company in a transaction that occurred on Tuesday, November 23. The stock sold at an average price of $ 35.56 for a total transaction of $ 1,099,052.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission which is about. is accessible the SEC website. 3.13% of the shares are currently owned by company insiders.
Hedge funds recently bought and sold shares in the stock. Nisa Investment Advisors LLC bought a new position in WesBanco for approximately $ 36,000 in the second quarter. Evermay Wealth Management LLC acquired a new stake in WesBanco worth $ 36,000 in the 2nd quarter. Federated Hermes Inc. acquired a new stake in WesBanco for $ 38,000 in the second quarter. O Shaughnessy Asset Management LLC acquired a new stake in WesBanco worth $ 54,000 in the 3rd quarter. Finally, Advisory Services Network LLC acquired a new stake in WesBanco for $ 80,000 in the second quarter. 62.19% of the shares are owned by institutional investors.
WSBC stock opened at $ 33.59 on Friday. The company has a market cap of $ 2.12 billion, a P / E of 9.74, and a beta of 1.05. The fifty-day moving average price for the stock is $ 35.45 and the two hundred-day moving average price is $ 34.94. The company has a leverage ratio of 0.15, a current ratio of 0.81, and a quick ratio of 0.83. WesBanco has a 1-year low of $ 28.25 and a 1-year high of $ 39.87.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Friday, December 10th, will receive a dividend of $ 0.33. This equates to an annualized dividend of $ 1.32 and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday December 9th. WesBanco’s dividend payout ratio is currently 38.26%.
WesBanco company profile
WesBanco, Inc is a bank holding company that provides financial services. It operates in the following segments: Community Banking and Trust and Investment Services. The Community Banking segment provides services traditionally offered by commercial service banks, including commercial sight, individual, and fixed-term accounts, as well as business, mortgage, and single installment loans, as well as certain non-traditional offerings such as insurance and securities brokerage services.
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