Fourth quarter 2021 EPS estimates for WesBanco, Inc. (NASDAQ: WSBC) have been reduced by Piper Sandler
WesBanco, Inc. (NASDAQ: WSBC) – Stock analysts at Piper Sandler lowered their estimates of fourth quarter 2021 EPS for shares of WesBanco in a report released on Wednesday, October 27. Piper Sandler analyst C. Whitman now predicts the financial services provider will earn $ 0.68 per share for the quarter, down from its previous forecast of $ 0.78. Piper Sandler also released estimates for WesBanco first quarter 2022 earnings at $ 0.60 per share, second quarter 2022 earnings at $ 0.65 per share, third quarter 2022 earnings at $ 0.63 per share. share, fourth quarter 2022 earnings at $ 0.64 per share, FY2022 earnings at $ 2.52 per share, Q1 2023 earnings at $ 0.60 per share, Q2 2023 earnings at $ 0.65 per share and third quarter 2023 earnings at $ 0.70 per share.
WSBC has been the subject of several other research reports. Royal Bank of Canada raised its price target for WesBanco shares from $ 36.00 to $ 38.00 and assigned the stock a “sector performance” rating in a research note on Wednesday, September 29. Zacks investment research downgraded WesBanco’s shares from a “buy” rating to a “conservation” rating in a research note on Tuesday, October 5. Boenning Scattergood reissued a “neutral” rating on WesBanco shares in a research note on Wednesday, September 29. Raymond James downgraded WesBanco shares from an “outperformance” rating to a “market performance” rating in a research report on Thursday, July 8. Finally, B. Riley reaffirmed a “neutral” rating on WesBanco shares in a research report on Tuesday, July 27. Seven investment analysts rated the stock with a conservation rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $ 35.90.
Actions of NASDAQ WSBC opened for $ 34.84 on Friday. The company has a leverage ratio of 0.19, a current ratio of 0.83, and a quick ratio of 0.83. The company has a market cap of $ 2.28 billion, a P / E ratio of 10.19 and a beta of 1.09. WesBanco has a one-year low at $ 22.96 and a one-year high at $ 39.87. The company has a 50-day simple moving average of $ 33.80 and a 200-day simple moving average of $ 35.37. WesBanco (NASDAQ: WSBC) last reported its quarterly results on Tuesday, October 26. The financial services provider reported $ 0.70 in EPS for the quarter, missing Zacks’ consensus estimate of $ 0.77 of ($ 0.07). The company posted revenue of $ 148.03 million in the quarter, compared to a consensus estimate of $ 146.23 million. WesBanco had a net margin of 36.64% and a return on equity of 9.17%. The company’s revenue was down 4.6% year-on-year. During the same period of the previous year, the company posted EPS of $ 0.66.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 1. Investors of record on Friday, September 10 received a dividend of $ 0.33 per share. This represents an annualized dividend of $ 1.32 and a return of 3.79%. The ex-dividend date was Thursday, September 9. WesBanco’s payout ratio is 70.21%.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Capital Analysts LLC purchased a new position in WesBanco in the first quarter valued at $ 28,000. Nisa Investment Advisors LLC purchased a new position in WesBanco in the second quarter valued at $ 36,000. Evermay Wealth Management LLC purchased a new position in WesBanco in the second quarter valued at $ 36,000. Federated Hermes Inc. acquired a new position in WesBanco in the second quarter valued at $ 38,000. Finally, Captrust Financial Advisors bought a new position in WesBanco in the first quarter valued at $ 51,000. 62.31% of the shares are currently held by institutional investors and hedge funds.
WesBanco Company Profile
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking Services and Trust and Investment Services. The Community Banking segment provides services traditionally offered by service commercial banks, including commercial sight, individual sight and term accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.
Read more: What is a growth and income fund?
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in WesBanco now?
Before you consider WesBanco, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and WesBanco was not on the list.
While WesBanco currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here