Q1 Earnings Forecast for WesBanco Issued By DA Davidson

WesBanco, Inc. (NASDAQ:WSBC) – Investment analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of WesBanco in a report issued on Tuesday, January 28th. DA Davidson analyst M. Navas anticipates that the financial services provider will earn $0.71 per share for the quarter. DA Davidson currently has a “Buy” rating and a $45.00 target price on the stock. The consensus estimate for WesBanco’s current full-year earnings is $3.13 per share. DA Davidson also issued estimates for WesBanco’s FY2025 earnings at $3.95 EPS.

Several other equities research analysts have also commented on WSBC. Raymond James upgraded WesBanco from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $35.00 to $44.00 in a research note on Friday, December 6th. Stephens reissued an “equal weight” rating and set a $39.00 target price on shares of WesBanco in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, WesBanco presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.17.

WesBanco Trading Up 0.1 %

Shares of WSBC opened at $35.04 on Thursday. WesBanco has a twelve month low of $25.56 and a twelve month high of $37.36. The firm has a market capitalization of $2.34 billion, a P/E ratio of 15.64 and a beta of 0.85. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock’s fifty day simple moving average is $33.66 and its 200 day simple moving average is $32.30.

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

Institutional Investors Weigh In On WesBanco

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in WesBanco by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,419,070 shares of the financial services provider’s stock worth $42,268,000 after buying an additional 32,879 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of WesBanco in the third quarter worth about $1,148,000. FMR LLC lifted its stake in shares of WesBanco by 25.8% in the third quarter. FMR LLC now owns 695,487 shares of the financial services provider’s stock worth $20,712,000 after acquiring an additional 142,597 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in WesBanco in the third quarter valued at about $212,000. Finally, Cerity Partners LLC grew its stake in WesBanco by 3.0% during the 3rd quarter. Cerity Partners LLC now owns 30,049 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 867 shares in the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Michael L. Perkins sold 1,125 shares of WesBanco stock in a transaction that occurred 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 owns 46,817 shares in the company, valued at $1,632,508.79. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 is an increase from WesBanco’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend was Friday, December 6th. WesBanco’s dividend payout ratio (DPR) is presently 66.07%.

WesBanco Company Profile

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.