Brokers Offer Predictions for WesBanco, Inc.’s FY2025 Earnings (NASDAQ:WSBC)

WesBanco, Inc. (NASDAQ:WSBC) – Research analysts at DA Davidson decreased their FY2025 EPS estimates for WesBanco in a research report issued on Thursday, June 27th. DA Davidson analyst M. Navas now expects that the financial services provider will earn $2.70 per share for the year, down from their previous estimate of $2.80. The consensus estimate for WesBanco’s current full-year earnings is $2.21 per share.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. WesBanco had a return on equity of 6.50% and a net margin of 17.52%. The business had revenue of $225.96 million for the quarter, compared to analyst estimates of $147.81 million. During the same period in the prior year, the company earned $0.71 EPS.

WSBC has been the topic of a number of other research reports. Stephens decreased their price objective on shares of WesBanco from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Hovde Group dropped their price objective on shares of WesBanco from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of WesBanco in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.60.

WesBanco Price Performance

Shares of WSBC stock opened at $27.91 on Monday. The stock’s fifty day moving average is $27.49 and its 200-day moving average is $28.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 0.91. WesBanco has a 52 week low of $23.00 and a 52 week high of $32.20. The stock has a market capitalization of $1.66 billion, a PE ratio of 11.63 and a beta of 0.85.

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Friday, June 7th. WesBanco’s dividend payout ratio (DPR) is currently 60.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of WesBanco by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 811,270 shares of the financial services provider’s stock worth $25,450,000 after purchasing an additional 48,304 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of WesBanco by 3,037.0% in the fourth quarter. International Assets Investment Management LLC now owns 102,549 shares of the financial services provider’s stock worth $3,269,000 after acquiring an additional 99,280 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of WesBanco during the fourth quarter worth about $1,196,000. Vanguard Group Inc. lifted its holdings in shares of WesBanco by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,979,494 shares of the financial services provider’s stock valued at $146,019,000 after purchasing an additional 71,928 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of WesBanco by 15.4% during the 3rd quarter. Deutsche Bank AG now owns 27,636 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 3,685 shares in the last quarter. Institutional investors and hedge funds 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.