WesBanco Inc. (NASDAQ:WSBC) – Investment analysts at Boenning Scattergood issued their Q1 2017 earnings per share (EPS) estimates for WesBanco in a research report issued to clients and investors on Thursday. Boenning Scattergood analyst M. Schultheis anticipates that the firm will earn $0.59 per share for the quarter. Boenning Scattergood also issued estimates for WesBanco’s Q2 2017 earnings at $0.59 EPS, Q3 2017 earnings at $0.61 EPS, Q4 2017 earnings at $0.63 EPS, FY2017 earnings at $2.42 EPS and FY2018 earnings at $2.48 EPS.
A number of other brokerages have also issued reports on WSBC. Zacks Investment Research lowered shares of WesBanco from a “hold” rating to a “sell” rating in a research report on Saturday. FBR & Co upped their target price on shares of WesBanco from $32.00 to $33.00 and gave the stock a “mkt perform” rating in a research report on Thursday.
WesBanco (NASDAQ:WSBC) opened at 32.93 on Monday. WesBanco has a 1-year low of $26.93 and a 1-year high of $34.32. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 14.94 and a beta of 0.88. The company has a 50-day moving average of $32.79 and a 200-day moving average of $31.93.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by $0.13. WesBanco had a return on equity of 8.07% and a net margin of 24.20%. During the same quarter last year, the business posted $0.58 earnings per share.
Several institutional investors have recently made changes to their positions in WSBC. Swiss National Bank increased its stake in WesBanco by 9.7% in the second quarter. Swiss National Bank now owns 60,200 shares of the financial services provider’s stock worth $1,869,000 after buying an additional 5,300 shares during the period. Huntington National Bank increased its stake in WesBanco by 2,418.7% in the second quarter. Huntington National Bank now owns 135,303 shares of the financial services provider’s stock worth $4,202,000 after buying an additional 129,931 shares during the period. Deprince Race & Zollo Inc. increased its stake in WesBanco by 48.5% in the second quarter. Deprince Race & Zollo Inc. now owns 912,224 shares of the financial services provider’s stock worth $28,325,000 after buying an additional 297,775 shares during the period. Strs Ohio increased its stake in WesBanco by 1,325.0% in the second quarter. Strs Ohio now owns 5,700 shares of the financial services provider’s stock worth $176,000 after buying an additional 5,300 shares during the period. Finally, Bank of Montreal Can acquired a new stake in WesBanco during the second quarter worth $615,000. Institutional investors own 52.70% of the company’s stock.
In other news, Director Charlotte A. Zuschlag sold 12,872 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $32.66, for a total transaction of $420,399.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Henry L. Schulhoff sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $31.85, for a total transaction of $95,550.00. Following the transaction, the insider now owns 74,376 shares in the company, valued at $2,368,875.60. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Wednesday, September 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.92%. WesBanco’s payout ratio is 43.24%.