DA Davidson Predicts WesBanco’s Q1 Earnings (NASDAQ:WSBC)

WesBanco, Inc. (NASDAQ:WSBC) – Stock analysts at DA Davidson issued their Q1 2025 earnings estimates for WesBanco in a research report issued on Tuesday, January 28th. DA Davidson analyst M. Navas forecasts that the financial services provider will post earnings of $0.71 per share for the quarter. DA Davidson has a “Buy” rating and a $45.00 price objective on the stock. The consensus estimate for WesBanco’s current full-year earnings is $3.13 per share. DA Davidson also issued estimates for WesBanco’s FY2025 earnings at $3.95 EPS.

WSBC has been the topic of several other reports. StockNews.com raised WesBanco from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Stephens restated an “equal weight” rating and set a $39.00 price target on shares of WesBanco in a research report on Thursday, January 23rd. Finally, Raymond James upgraded shares of WesBanco from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $35.00 to $44.00 in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, WesBanco presently has a consensus rating of “Moderate Buy” and an average target price of $39.17.

WesBanco Stock Up 0.1 %

NASDAQ:WSBC opened at $35.04 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $33.66 and a 200-day moving average of $32.30. The firm has a market capitalization of $2.34 billion, a PE ratio of 15.64 and a beta of 0.85. WesBanco has a 52 week low of $25.56 and a 52 week high of $37.36.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%.

Institutional Investors Weigh In On WesBanco

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of WesBanco by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,419,070 shares of the financial services provider’s stock valued at $42,268,000 after purchasing an additional 32,879 shares during the period. Franklin Resources Inc. bought a new position in WesBanco during the third quarter valued at about $1,148,000. FMR LLC boosted its stake in WesBanco by 25.8% during the third quarter. FMR LLC now owns 695,487 shares of the financial services provider’s stock valued at $20,712,000 after buying an additional 142,597 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in WesBanco during the third quarter worth about $212,000. Finally, Cerity Partners LLC raised its position in WesBanco by 3.0% in the third quarter. Cerity Partners LLC now owns 30,049 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 867 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at WesBanco

In other news, EVP Michael L. Perkins sold 1,125 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $34.87, for a total value of $39,228.75. Following the completion of the transaction, the executive vice president now directly owns 46,817 shares in the company, valued at $1,632,508.79. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.44% of the company’s stock.

WesBanco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.22%. This is a positive change from WesBanco’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, December 6th. WesBanco’s dividend payout ratio (DPR) is 66.07%.

WesBanco Company Profile

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.