WesBanco, Inc. (NASDAQ:WSBC) is expected to announce quarterly sales of $144.21 million


Wall Street analysts expect WesBanco, Inc. (NASDAQ:WSBC) to announce $144.21 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for WesBanco’s earnings. The lowest sales estimate is $141.39 million and the highest is $147.00 million. WesBanco reported sales of $152.42 million in the same quarter last year, which would suggest a negative 5.4% year-over-year growth rate. The company is scheduled to release its next earnings results after the market close on Tuesday, January 25.

According to Zacks, analysts expect WesBanco to report annual sales of $591.68 million for the current fiscal year, with estimates ranging from $585.18 million to $596.00 million. For next year, analysts expect the company to post sales of $562.46 million, with estimates ranging from $542.33 million to $576.51 million. Zacks Investment Research’s sell estimates are a median average based on a survey of sell-side research analysts who follow WesBanco.

WesBanco (NASDAQ: WSBC) last announced its quarterly earnings results on Tuesday, October 26. The financial services provider reported $0.70 EPS for the quarter, missing the Zacks Consensus Estimate of $0.77 by ($0.07). The firm had revenue of $148.03 million in the quarter, compared to analyst estimates of $146.23 million. WesBanco had a net margin of 37.95% and a return on capital of 9.23%. Business revenue for the quarter fell 4.6% compared to the same quarter last year. During the same period of the previous year, the company recorded an earnings per share of $0.66.

WSBC has been the subject of several recent investigative reports. Zacks Investment Research upgraded WesBanco from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, January 4. Boenning Scattergood reaffirmed a “neutral” rating on WesBanco shares in a research report on Wednesday, September 29. B. Riley increased his price target on WesBanco from $34.00 to $35.00 in a report on Wednesday. Finally, Royal Bank of Canada increased its price target on WesBanco from $36.00 to $38.00 and gave the stock a “sector performance” rating in a report on Wednesday, September 29. Five analysts rated the stock a hold rating and one assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average “Hold” rating and an average price target of $38.00.

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NASDAQ WSBC opened at $37.90 on Friday. The company has a 50-day moving average price of $35.02 and a 200-day moving average price of $34.39. WesBanco has a 52 week minimum of $28.65 and a 52 week maximum of $39.87. The company has a market cap of $2.4 billion, a P/E ratio of 10.99, and a beta of 1.03. The company has a quick ratio of 0.81, a current ratio of 0.81, and a debt-to-equity ratio of 0.15.

The company also recently announced a quarterly dividend, which was paid on Monday, January 3. Shareholders of record on Friday, December 10, were paid a dividend of $0.33. This represents a dividend of $1.32 on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Thursday, December 9. WesBanco’s payout rate is currently 38.26%.

In related news, director James W. Cornelsen sold 30,907 shares of the firm’s capital stock in a transaction that occurred on Tuesday, November 23. The shares were 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 and Exchange Commission, which can be accessed through the SEC website. Also, Director F Eric Nelson, Jr. sold 1,196 shares of the capital stock of the firm in a transaction that occurred on Wednesday, December 22. The shares were sold at an average price of $33.46, for a total value of $40,018.16. Disclosure of this sale can be found here. The members of the company own 3.13% of the company’s shares.

Institutional investors have recently bought and sold shares in the company. Strs Ohio increased its stake in WesBanco stock by 6.1% in the third quarter. Strs Ohio now owns 36,300 shares of the financial services provider worth $1,237,000 after buying an additional 2,100 shares last quarter. Cubist Systematic Strategies LLC increased its stake in WesBanco stock by 39.5% in the second quarter. Cubist Systematic Strategies LLC now owns 7,897 shares of the financial services provider worth $281,000 after buying an additional 2,237 shares last quarter. Legal & General Group Plc increased its stake in WesBanco shares by 4.8% in the second quarter. Legal & General Group Plc now owns 48,271 shares of the financial services provider worth $1,719,000 after buying an additional 2,221 shares in the last quarter. Dupont Capital Management Corp increased its stake in WesBanco stock by 18.7% in the third quarter. Dupont Capital Management Corp now owns 31,590 shares of the financial services provider worth $1,077,000 after buying an additional 4,977 shares last quarter. Finally, Connor Clark & ​​Lunn Investment Management Ltd. increased its holding in WesBanco shares by 197.5% in the second quarter. Connor Clark & ​​Lunn Investment Management Ltd. now owns 21,693 shares of the financial services provider worth $773,000 after buying an additional 14,401 shares last quarter. 60.06% of the shares are owned by institutional investors and hedge funds.

About WesBank

WesBanco, Inc is a bank holding company, which is engaged in the provision of financial services. It operates through the following segments: Community Banking and Trust and Investment Services. The Community Banking segment provides services traditionally offered by service commercial banks, including commercial demand, individual sight and time deposit accounts, as well as commercial, mortgage and individual loans in installments, and certain non-traditional offers, such as insurance and securities brokerage. services.

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WesBanco (NASDAQ: WSBC) earnings history and estimates

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