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

WesBanco, Inc. (NASDAQ:WSBC) – Equities research analysts at DA Davidson issued their Q1 2025 EPS estimates for WesBanco in a note issued to investors on Tuesday, January 28th. DA Davidson analyst M. Navas anticipates that the financial services provider will post earnings per share of $0.71 for the quarter. DA Davidson currently has a “Buy” rating and a $45.00 price target on the stock. The consensus estimate for WesBanco’s current full-year earnings is $3.09 per share. DA Davidson also issued estimates for WesBanco’s FY2025 earnings at $3.95 EPS.

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

WesBanco Stock Performance

Shares of NASDAQ WSBC opened at $35.00 on Thursday. WesBanco has a one year low of $25.56 and a one year high of $37.36. The business’s 50-day moving average price is $33.71 and its two-hundred day moving average price is $32.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $2.34 billion, a P/E ratio of 15.63 and a beta of 0.85.

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

Several hedge funds and other institutional investors have recently modified their holdings of WSBC. Hilltop National Bank lifted its position in shares of WesBanco by 19.6% in the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 413 shares during the period. Harbor Capital Advisors Inc. increased its stake in WesBanco by 3.9% in the third quarter. Harbor Capital Advisors Inc. now owns 17,590 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 668 shares during the period. Cerity Partners LLC raised its position in WesBanco by 3.0% in the third quarter. Cerity Partners LLC now owns 30,049 shares of the financial services provider’s stock worth $895,000 after purchasing an additional 867 shares in the last quarter. Quarry LP lifted its stake in WesBanco by 215.3% during the second quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 913 shares during the period. Finally, Inspire Investing LLC boosted its holdings in WesBanco by 9.3% during the third quarter. Inspire Investing LLC now owns 13,801 shares of the financial services provider’s stock valued at $411,000 after purchasing an additional 1,171 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

Insider Buying and Selling

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of WesBanco stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $34.87, for a total value of $39,228.75. Following the transaction, the executive vice president now directly owns 46,817 shares of the company’s stock, valued at $1,632,508.79. The trade was a 2.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.44% of the company’s stock.

WesBanco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, December 6th. This is a positive change from WesBanco’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 4.23%. WesBanco’s dividend payout ratio (DPR) is presently 66.07%.

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.