WesBanco (WSBC) is expected to release results on Tuesday
WesBanco (NASDAQ: WSBC) will release its earnings data after the market closes on Tuesday, October 26. Analysts expect WesBanco to post earnings of $ 0.74 per share for the quarter. People who wish to listen to the corporate earnings conference call can do so using this link.
WesBanco (NASDAQ: WSBC) last released its quarterly earnings data on Tuesday, July 27. The financial services provider reported EPS of $ 1.01 for the quarter, beating the Zacks’ consensus estimate by $ 0.75 by $ 0.26. The company posted revenue of $ 151.97 million in the quarter, compared to analysts’ expectations of $ 149.17 million. WesBanco had a net margin of 36.64% and a return on equity of 9.17%. The company’s quarterly revenue increased 0.1% year-on-year. In the same quarter of the previous year, the company achieved EPS of $ 0.07. On average, analysts expect WesBanco to post EPS of $ 3 for the current fiscal year and EPS of $ 2 for the next fiscal year.
WSBC stock opened at $ 36.70 on Tuesday. The stock has a 50-day moving average price of $ 33.80 and a two-hundred-day moving average price of $ 35.38. The stock has a market cap of $ 2.40 billion, a PE ratio of 10.73 and a beta of 1.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt ratio of 0.19. WesBanco has a one-year low at $ 22.53 and a one-year high at $ 39.87.
The company also recently announced a quarterly dividend, which was paid on Friday, October 1. Shareholders of record on Friday, September 10 received a dividend of $ 0.33 per share. This represents a dividend of $ 1.32 on an annualized basis and a return of 3.60%. The ex-dividend date of this dividend was Thursday, September 9. WesBanco’s dividend payout ratio (DPR) is currently 70.21%.
A hedge fund recently increased its stake in the WesBanco stock. Morgan Stanley increased its position in WesBanco, Inc. (NASDAQ: WSBC) by 171.1% in the 2nd quarter, according to its latest filing with the SEC. The fund held 204,113 shares of the financial services provider after purchasing an additional 128,822 shares during the period. Morgan Stanley owned about 0.31% of WesBanco for a value of $ 7,272,000 at the time of its last filing with the SEC. Institutional investors and hedge funds hold 62.31% of the company’s shares.
A number of stock analysts have published reports on the company. Boenning Scattergood reiterated a “neutral” rating on WesBanco shares in a report released Wednesday (September 29th). Raymond James upgraded WesBanco from an “outperformance” rating to a “market performance” rating in a report released Thursday, July 8. The Royal Bank of Canada increased its target price on WesBanco from $ 36.00 to $ 38.00 and gave the stock a “sector performance” rating in a report released on Wednesday, September 29. Zacks Investment Research downgraded WesBanco from a “buy” rating to a “keep” rating in a report released on Tuesday, October 5. Finally, B. Riley reiterated a “neutral” note on WesBanco shares in a Tuesday July 27 report. Seven research analysts rated the stock with a conservation rating. According to data from MarketBeat.com, WesBanco currently has a consensus rating of “Hold” and a target price of $ 34.75.
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking Services and Trust and Investment Services. The Community Banking segment provides services traditionally offered by service commercial banks, including commercial sight, individual sight and term accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.
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