WesBanco, Inc. (NASDAQ:WSBC) – Equities researchers at B. Riley boosted their Q2 2021 earnings per share (EPS) estimates for WesBanco in a research note issued on Thursday, April 29th. B. Riley analyst S. Moss now anticipates that the financial services provider will post earnings of $0.77 per share for the quarter, up from their prior estimate of $0.67. B. Riley has a “Neutral” rating and a $32.00 price objective on the stock. B. Riley also issued estimates for WesBanco’s Q3 2021 earnings at $0.74 EPS, Q4 2021 earnings at $0.70 EPS, Q1 2022 earnings at $0.60 EPS, Q2 2022 earnings at $0.59 EPS, Q3 2022 earnings at $0.61 EPS, Q4 2022 earnings at $0.60 EPS and FY2022 earnings at $2.40 EPS.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of WesBanco from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Wednesday, March 31st. Piper Sandler downgraded WesBanco from an “overweight” rating to a “neutral” rating and set a $40.00 price target for the company. in a research report on Thursday, April 29th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. WesBanco presently has an average rating of “Hold” and a consensus price target of $33.92.
WesBanco (NASDAQ:WSBC) last announced its quarterly earnings results on Tuesday, April 27th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.38. WesBanco had a return on equity of 4.73% and a net margin of 15.84%. During the same period in the previous year, the company earned $0.41 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in WSBC. Concord Wealth Partners purchased a new position in WesBanco during the fourth quarter worth approximately $52,000. Valeo Financial Advisors LLC grew its stake in shares of WesBanco by 2,152.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,320 shares of the financial services provider’s stock valued at $84,000 after buying an additional 2,217 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in shares of WesBanco during the 1st quarter worth $109,000. Fort Pitt Capital Group LLC purchased a new position in shares of WesBanco in the 4th quarter valued at $114,000. Finally, Lbmc Investment Advisors LLC purchased a new stake in shares of WesBanco during the 1st quarter valued at about $208,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.
In related news, EVP Jayson M. Zatta sold 1,500 shares of the stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $36.32, for a total transaction of $54,480.00. Also, EVP Jonathan D. Dargusch sold 2,164 shares of the firm’s stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $31.11, for a total value of $67,322.04. Insiders sold a total of 27,664 shares of company stock valued at $986,092 over the last ninety days. 3.05% of the stock is owned by corporate insiders.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Friday, March 12th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $1.32 dividend on an annualized basis and a yield of 3.46%. This is a positive change from WesBanco’s previous quarterly dividend of $0.32. WesBanco’s dividend payout ratio (DPR) is 43.14%.
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, and mortgage banking and insurance services. It operates in two segments, Community Banking, and Trust and Investment Services. The company offers commercial demand, individual demand, and time deposit accounts; money market accounts; interest bearing and non-interest bearing demand deposits, as well as savings deposits; and certificates of deposit.
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