DA Davidson Comments on WesBanco’s Q1 Earnings (NASDAQ:WSBC)

WesBanco, Inc. (NASDAQ:WSBC) – Stock analysts at DA Davidson issued their Q1 2025 earnings per share estimates for WesBanco in a report issued on Tuesday, January 28th. DA Davidson analyst M. Navas expects that the financial services provider will post earnings of $0.71 per share for the quarter. DA Davidson has a “Buy” rating and a $45.00 price objective on the stock. The consensus estimate for WesBanco’s current full-year earnings is $3.09 per share. DA Davidson also issued estimates for WesBanco’s FY2025 earnings at $3.95 EPS.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%.

WSBC has been the subject of a number of other reports. Stephens reaffirmed an “equal weight” rating and issued a $39.00 target price on shares of WesBanco in a research note on Thursday, January 23rd. StockNews.com raised WesBanco from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Finally, Raymond James raised WesBanco from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $35.00 to $44.00 in a research report on Friday, December 6th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, WesBanco currently has an average rating of “Moderate Buy” and an average price target of $39.17.

WesBanco Price Performance

Shares of WSBC stock opened at $35.00 on Thursday. WesBanco has a 12-month low of $25.56 and a 12-month high of $37.36. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average of $33.69 and a 200-day moving average of $32.27. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 15.63 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quarry LP boosted its position in WesBanco by 215.3% during the second quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 913 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of WesBanco during the 3rd quarter worth about $56,000. CWM LLC grew its stake in WesBanco by 175.2% in the 3rd quarter. CWM LLC now owns 2,072 shares of the financial services provider’s stock valued at $62,000 after buying an additional 1,319 shares during the last quarter. Principal Securities Inc. raised its holdings in WesBanco by 40.9% in the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 603 shares during the period. Finally, Roble Belko & Company Inc acquired a new stake in WesBanco during the fourth quarter worth approximately $78,000. 61.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $34.87, for a total transaction of $39,228.75. Following the sale, the executive vice president now directly owns 46,817 shares of the company’s stock, valued at approximately $1,632,508.79. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.44% of the stock is currently owned by corporate insiders.

WesBanco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.23%. The ex-dividend date was Friday, December 6th. This is a positive change from WesBanco’s previous quarterly dividend of $0.36. WesBanco’s dividend payout ratio is presently 66.07%.

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.