Boenning Scattergood restated their hold rating on shares of WesBanco (NASDAQ:WSBC) in a research report report published on Wednesday, TipRanks reports. Boenning Scattergood also issued estimates for WesBanco’s Q2 2019 earnings at $0.82 EPS, Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $0.82 EPS, FY2019 earnings at $3.25 EPS and FY2020 earnings at $3.38 EPS.
Several other analysts have also commented on the stock. BidaskClub lowered shares of WesBanco from a sell rating to a strong sell rating in a research report on Friday, March 22nd. Zacks Investment Research raised shares of WesBanco from a hold rating to a buy rating and set a $41.00 price target for the company in a research report on Sunday, January 6th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. WesBanco currently has an average rating of Hold and a consensus target price of $44.67.
Shares of WesBanco stock opened at $39.95 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. WesBanco has a 1 year low of $34.14 and a 1 year high of $51.12. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.26 and a beta of 1.07.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.02). The firm had revenue of $126.13 million for the quarter, compared to analysts’ expectations of $127.68 million. WesBanco had a net margin of 27.77% and a return on equity of 9.20%. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share. As a group, equities research analysts forecast that WesBanco will post 3.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.10%. This is a positive change from WesBanco’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, March 14th. WesBanco’s dividend payout ratio is presently 38.63%.
In other news, Director Kerry M. Stemler purchased 1,343 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was acquired at an average cost of $37.66 per share, with a total value of $50,577.38. Following the completion of the transaction, the director now owns 96,004 shares in the company, valued at approximately $3,615,510.64. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Denise H. Knouse-Snyder purchased 675 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were purchased at an average cost of $42.36 per share, with a total value of $28,593.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $84,720. The disclosure for this purchase can be found here. Corporate insiders own 3.24% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Stock Yards Bank & Trust Co. purchased a new position in shares of WesBanco in the 1st quarter valued at approximately $331,000. Alpha Windward LLC purchased a new position in shares of WesBanco in the 1st quarter valued at approximately $453,000. Peregrine Capital Management LLC raised its position in shares of WesBanco by 9.7% in the 1st quarter. Peregrine Capital Management LLC now owns 226,183 shares of the financial services provider’s stock valued at $8,991,000 after purchasing an additional 19,955 shares during the last quarter. Triangle Securities Wealth Management purchased a new position in shares of WesBanco in the 1st quarter valued at approximately $344,000. Finally, Geode Capital Management LLC raised its position in shares of WesBanco by 12.3% in the 4th quarter. Geode Capital Management LLC now owns 656,303 shares of the financial services provider’s stock valued at $24,079,000 after purchasing an additional 71,920 shares during the last quarter. 58.71% of the stock is owned by hedge funds and other institutional investors.
WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.
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