FY2025 EPS Estimates for WesBanco, Inc. Lowered by DA Davidson (NASDAQ:WSBC)

WesBanco, Inc. (NASDAQ:WSBC) – Stock analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of WesBanco in a research report issued on Thursday, June 27th. DA Davidson analyst M. Navas now forecasts that the financial services provider will post earnings per share of $2.70 for the year, down from their prior forecast 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 data on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. WesBanco had a net margin of 17.52% and a return on equity of 6.50%. The firm had revenue of $225.96 million during the quarter, compared to analysts’ expectations of $147.81 million. During the same period last year, the business earned $0.71 earnings per share.

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

WesBanco Price Performance

NASDAQ:WSBC opened at $27.73 on Monday. The company has a market capitalization of $1.65 billion, a P/E ratio of 11.55 and a beta of 0.84. 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 has a 52 week low of $23.00 and a 52 week high of $32.20. The stock’s fifty day moving average is $27.48 and its two-hundred day moving average is $28.65.

Institutional Trading of WesBanco

Several hedge funds have recently modified their holdings of the stock. Deutsche Bank AG raised its position in WesBanco by 15.4% in 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. Rhumbline Advisers raised its holdings in WesBanco by 0.5% in the third quarter. Rhumbline Advisers now owns 97,609 shares of the financial services provider’s stock valued at $2,384,000 after acquiring an additional 505 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in WesBanco by 100.0% in the third quarter. Envestnet Asset Management Inc. now owns 235,297 shares of the financial services provider’s stock worth $5,746,000 after acquiring an additional 117,635 shares during the last quarter. FMR LLC grew its holdings in WesBanco by 3,621.1% during the 3rd quarter. FMR LLC now owns 510,682 shares of the financial services provider’s stock worth $12,471,000 after acquiring an additional 496,958 shares in the last quarter. Finally, Earnest Partners LLC grew its holdings in WesBanco by 10.5% during the 3rd quarter. Earnest Partners LLC now owns 1,484,752 shares of the financial services provider’s stock worth $36,258,000 after acquiring an additional 140,870 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were issued a dividend of $0.36 per share. 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 5.19%. WesBanco’s dividend payout ratio (DPR) is presently 60.00%.

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.