Equities Analysts Offer Predictions for WesBanco Q4 Earnings

WesBanco, Inc. (NASDAQ:WSBC) – Equities researchers at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of WesBanco in a report issued on Tuesday, October 29th. DA Davidson analyst M. Navas expects that the financial services provider will earn $0.55 per share for the quarter. DA Davidson currently has a “Buy” rating and a $42.00 price objective on the stock. The consensus estimate for WesBanco’s current full-year earnings is $2.06 per share. DA Davidson also issued estimates for WesBanco’s FY2025 earnings at $3.30 EPS.

WSBC has been the subject of several other reports. Keefe, Bruyette & Woods boosted their price objective on WesBanco from $30.00 to $34.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Stephens boosted their price target on WesBanco from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Monday. Hovde Group raised their price objective on WesBanco from $34.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $35.00 price objective on shares of WesBanco in a report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $36.17.

WesBanco Stock Performance

Shares of WesBanco stock opened at $31.51 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.94 and a current ratio of 0.94. WesBanco has a 1 year low of $24.06 and a 1 year high of $34.85. The firm’s 50-day simple moving average is $30.64 and its 200-day simple moving average is $29.38. The firm has a market cap of $2.11 billion, a PE ratio of 15.08 and a beta of 0.82.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $243.34 million for the quarter, compared to analysts’ expectations of $152.40 million. WesBanco had a net margin of 14.79% and a return on equity of 5.91%. During the same period in the prior year, the company posted $0.59 earnings per share.

WesBanco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Friday, September 6th. WesBanco’s dividend payout ratio (DPR) is 68.90%.

Insider Activity at WesBanco

In other WesBanco news, EVP Michael L. Perkins sold 5,363 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $30.19, for a total value of $161,908.97. Following the sale, the executive vice president now directly 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 Securities & Exchange Commission, which is available at this link. Insiders own 3.44% of the company’s stock.

Institutional Investors Weigh In On WesBanco

Several large investors have recently made changes to their positions in WSBC. Quarry LP grew its holdings in WesBanco by 215.3% in the 2nd quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock worth $37,000 after buying an additional 913 shares in the last quarter. Signaturefd LLC boosted its position in WesBanco by 214.5% during the 2nd quarter. Signaturefd LLC now owns 1,384 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 944 shares during the period. Innealta Capital LLC bought a new position in shares of WesBanco in the second quarter worth $53,000. CWM LLC increased its holdings in shares of WesBanco by 175.2% during the third quarter. CWM LLC now owns 2,072 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,319 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of WesBanco during the third quarter valued at about $80,000. Institutional investors and hedge funds own 61.41% of the company’s stock.

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.