WesBanco (NASDAQ:WSBC – Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect WesBanco to post earnings of $0.52 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
WesBanco (NASDAQ:WSBC – Get Free Report) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $234.35 million for the quarter, compared to analysts’ expectations of $148.40 million. WesBanco had a net margin of 15.22% and a return on equity of 5.90%. During the same period in the previous year, the company earned $0.71 EPS. On average, analysts expect WesBanco to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
WesBanco Stock Performance
WSBC opened at $31.46 on Monday. WesBanco has a 12-month low of $23.00 and a 12-month high of $34.85. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 14.77 and a beta of 0.82. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $30.55 and its 200 day moving average is $29.24.
WesBanco Announces Dividend
Insider Activity at WesBanco
In other WesBanco news, EVP Michael L. Perkins sold 5,363 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $30.19, for a total transaction of $161,908.97. Following the completion of the transaction, the executive vice president now owns 46,817 shares of the company’s stock, valued at $1,413,405.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.44% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. DA Davidson lifted their price target on shares of WesBanco from $35.00 to $42.00 and gave the company a “buy” rating in a report on Monday, July 29th. Hovde Group lifted their target price on shares of WesBanco from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upped their price target on WesBanco from $30.00 to $34.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Stephens raised their price objective on WesBanco from $27.00 to $34.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $35.00 price target on shares of WesBanco in a research report on Monday, September 9th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.71.
View Our Latest Research Report on WSBC
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.
Recommended Stories
- Five stocks we like better than WesBanco
- 3 Warren Buffett Stocks to Buy Now
- Is Spotify Stock Poised to Soar? Options Traders Think So
- What Are Trending Stocks? Trending Stocks Explained
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- NYSE Stocks Give Investors a Variety of Quality OptionsĀ
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
Receive News & Ratings for WesBanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WesBanco and related companies with MarketBeat.com's FREE daily email newsletter.