Brokers Set Expectations for WesBanco Inc’s Q4 2018 Earnings (WSBC)

WesBanco Inc (NASDAQ:WSBC) – Research analysts at DA Davidson increased their Q4 2018 earnings estimates for shares of WesBanco in a note issued to investors on Friday, October 26th, according to Zacks Investment Research. DA Davidson analyst R. Gunther now expects that the financial services provider will earn $0.83 per share for the quarter, up from their prior estimate of $0.73. DA Davidson also issued estimates for WesBanco’s Q1 2019 earnings at $0.79 EPS, Q2 2019 earnings at $0.82 EPS, Q3 2019 earnings at $0.82 EPS, FY2019 earnings at $3.25 EPS, Q2 2020 earnings at $0.87 EPS and Q3 2020 earnings at $0.87 EPS.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded WesBanco from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Thursday, July 26th. BidaskClub upgraded WesBanco from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Boenning Scattergood restated a “hold” rating on shares of WesBanco in a research report on Friday, October 26th. B. Riley set a $45.00 price objective on WesBanco and gave the company a “hold” rating in a research report on Friday, November 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $48.00 price objective on shares of WesBanco in a research report on Wednesday, July 25th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. WesBanco currently has a consensus rating of “Hold” and an average price target of $47.25.

NASDAQ:WSBC traded up $0.14 during midday trading on Monday, reaching $42.31. 70,600 shares of the company traded hands, compared to its average volume of 117,903. WesBanco has a twelve month low of $37.29 and a twelve month high of $51.12. The firm has a market capitalization of $2.30 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.87 and a quick ratio of 0.86.

WesBanco (NASDAQ:WSBC) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.14). WesBanco had a return on equity of 9.04% and a net margin of 24.22%. The firm had revenue of $116.16 million during the quarter, compared to analyst estimates of $109.07 million. During the same quarter in the previous year, the business posted $0.60 EPS.

In other news, EVP Michael L. Perkins sold 3,250 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $50.22, for a total value of $163,215.00. Following the sale, the executive vice president now owns 12,008 shares of the company’s stock, valued at approximately $603,041.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent E. Richmond sold 4,006 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $45.60, for a total value of $182,673.60. Following the completion of the sale, the executive vice president now directly owns 19,635 shares in the company, valued at approximately $895,356. The disclosure for this sale can be found here. Insiders own 4.14% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of WesBanco by 9.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,122,907 shares of the financial services provider’s stock worth $183,799,000 after buying an additional 352,293 shares in the last quarter. BlackRock Inc. raised its stake in shares of WesBanco by 20.8% in the 3rd quarter. BlackRock Inc. now owns 3,692,352 shares of the financial services provider’s stock worth $164,605,000 after buying an additional 634,700 shares in the last quarter. Earnest Partners LLC raised its stake in shares of WesBanco by 10.0% in the 3rd quarter. Earnest Partners LLC now owns 1,913,971 shares of the financial services provider’s stock worth $85,325,000 after buying an additional 173,603 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of WesBanco by 2.2% in the 2nd quarter. Wesbanco Bank Inc. now owns 1,645,183 shares of the financial services provider’s stock worth $74,099,000 after buying an additional 34,787 shares in the last quarter. Finally, FMR LLC raised its stake in shares of WesBanco by 2.6% in the 2nd quarter. FMR LLC now owns 1,258,300 shares of the financial services provider’s stock worth $56,674,000 after buying an additional 32,100 shares in the last quarter. 54.44% of the stock is currently owned by institutional investors.

About WesBanco

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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Earnings History and Estimates for WesBanco (NASDAQ:WSBC)

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