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

WesBanco, Inc. (NASDAQ:WSBC) – Analysts at DA Davidson reduced their Q1 2025 earnings per share estimates for shares of WesBanco in a research report issued to clients and investors on Friday, March 21st. DA Davidson analyst M. Navas now expects that the financial services provider will earn $0.61 per share for the quarter, down from their prior estimate of $0.71. DA Davidson currently has a “Buy” rating and a $45.00 price objective on the stock. The consensus estimate for WesBanco’s current full-year earnings is $3.24 per share.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%.

A number of other research analysts have also recently issued reports on WSBC. StockNews.com upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Stephens reissued an “equal weight” rating and set a $39.00 price objective on shares of WesBanco in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised WesBanco from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $44.00 in a research note on Monday, February 10th. 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. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.83.

WesBanco Stock Performance

Shares of WSBC stock opened at $32.34 on Monday. 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 firm has a fifty day simple moving average of $33.88 and a two-hundred day simple moving average of $32.97. WesBanco has a 12 month low of $25.56 and a 12 month high of $37.36. The firm has a market capitalization of $2.16 billion, a PE ratio of 14.44 and a beta of 0.84.

WesBanco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.48 annualized dividend and a dividend yield of 4.58%. WesBanco’s dividend payout ratio is currently 66.07%.

Hedge Funds Weigh In On WesBanco

A number of hedge funds and other institutional investors have recently modified their holdings of WSBC. Point72 Asset Management L.P. bought a new stake in WesBanco during the third quarter worth $56,000. Sterling Capital Management LLC increased its position in shares of WesBanco by 807.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 1,614 shares during the last quarter. Principal Securities Inc. raised its stake in shares of WesBanco by 40.9% during the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 603 shares during the period. Roble Belko & Company Inc purchased a new position in shares of WesBanco in the 4th quarter worth about $78,000. Finally, Allworth Financial LP grew its position in WesBanco by 668.5% during the fourth quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider’s stock valued at $78,000 after buying an additional 2,146 shares during the period. Hedge funds and other institutional investors own 61.41% of the company’s stock.

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.