Equities Analysts Issue Forecasts for WesBanco, Inc.’s FY2025 Earnings (NASDAQ:WSBC)

WesBanco, Inc. (NASDAQ:WSBC) – Investment analysts at DA Davidson issued their FY2025 earnings per share estimates for shares of WesBanco in a research note issued to investors on Wednesday, July 31st. DA Davidson analyst M. Navas anticipates that the financial services provider will post earnings of $3.25 per share for the year. DA Davidson has a “Buy” rating and a $42.00 price objective on the stock. The consensus estimate for WesBanco’s current full-year earnings is $2.10 per share.

WesBanco (NASDAQ:WSBC) last issued 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). WesBanco had a return on equity of 5.92% and a net margin of 15.22%. The firm had revenue of $234.35 million for the quarter, compared to analysts’ expectations of $148.40 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share.

WSBC has been the topic of several other reports. Keefe, Bruyette & Woods boosted their price target on shares of WesBanco from $30.00 to $34.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Hovde Group raised their target price on shares of WesBanco from $34.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Royal Bank of Canada upped their price target on WesBanco from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Finally, Stephens increased their price target on WesBanco from $27.00 to $34.00 and gave the company an “equal weight” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, WesBanco currently has a consensus rating of “Hold” and a consensus target price of $34.71.

WesBanco Trading Down 0.8 %

Shares of WSBC opened at $30.03 on Monday. WesBanco has a 52-week low of $23.00 and a 52-week high of $34.85. The stock has a market cap of $1.78 billion, a PE ratio of 12.51 and a beta of 0.84. The firm’s fifty day moving average is $28.78 and its two-hundred day moving average is $28.69. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.58.

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were given 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 yield of 4.80%. WesBanco’s payout ratio is currently 60.00%.

Insiders Place Their Bets

In other news, EVP Michael L. Perkins sold 5,363 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 approximately $1,413,405.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WesBanco

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC grew its position in WesBanco by 3,037.0% in the 4th quarter. International Assets Investment Management LLC now owns 102,549 shares of the financial services provider’s stock valued at $3,269,000 after acquiring an additional 99,280 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in WesBanco by 11.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,397 shares of the financial services provider’s stock worth $295,000 after buying an additional 995 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in WesBanco by 3.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,336 shares of the financial services provider’s stock worth $826,000 after buying an additional 900 shares in the last quarter. Greylin Investment Management Inc purchased a new position in WesBanco in the 4th quarter valued at approximately $246,000. Finally, Cerity Partners LLC boosted its position in WesBanco by 23.2% in the 4th quarter. Cerity Partners LLC now owns 30,960 shares of the financial services provider’s stock valued at $971,000 after buying an additional 5,831 shares during the period. Hedge funds and other institutional investors own 61.41% of the company’s stock.

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.