DA Davidson Weighs in on WesBanco, Inc.’s FY2025 Earnings (NASDAQ:WSBC)

WesBanco, Inc. (NASDAQ:WSBC) – Stock analysts at DA Davidson cut their FY2025 earnings per share estimates for WesBanco in a research report issued to clients and investors on Thursday, June 27th. DA Davidson analyst M. Navas now anticipates that the financial services provider will post earnings per share of $2.70 for the year, down from their previous estimate of $2.80. The consensus estimate for WesBanco’s current full-year earnings is $2.21 per share.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56. WesBanco had a return on equity of 6.50% and a net margin of 17.52%. The business had revenue of $225.96 million during the quarter, compared to the consensus estimate of $147.81 million. During the same period in the prior year, the company posted $0.71 EPS.

A number of other analysts also recently issued reports on WSBC. Stephens reduced their price target on shares of WesBanco from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 target price on shares of WesBanco in a report on Tuesday, April 9th. Finally, Hovde Group dropped their price target on WesBanco from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.60.

WesBanco Price Performance

WSBC stock opened at $27.73 on Monday. The company has a market capitalization of $1.65 billion, a PE ratio of 11.55 and a beta of 0.84. The company’s fifty day moving average price is $27.48 and its 200-day moving average price is $28.65. WesBanco has a one year low of $23.00 and a one year high of $32.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 0.91.

WesBanco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.19%. WesBanco’s dividend payout ratio (DPR) is presently 60.00%.

Institutional Investors Weigh In On WesBanco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DiNuzzo Private Wealth Inc. bought a new position in shares of WesBanco during the 4th quarter valued at approximately $31,000. Principal Securities Inc. bought a new position in WesBanco during the fourth quarter valued at $43,000. Sound Income Strategies LLC raised its stake in shares of WesBanco by 2,688.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,478 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,425 shares during the period. TFO Wealth Partners LLC lifted its holdings in shares of WesBanco by 26,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,156 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 3,144 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of WesBanco by 27.5% during the 1st quarter. Comerica Bank now owns 5,382 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 1,162 shares during the period. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

About WesBanco

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.