WesBanco, Inc. (NASDAQ:WSBC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of WesBanco, Inc. (NASDAQ:WSBC) have received a consensus rating of “Moderate Buy” from the four analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $30.75.

A number of equities research analysts have recently commented on the company. Stephens restated an “equal weight” rating and set a $30.00 target price on shares of WesBanco in a research report on Wednesday. Raymond James raised WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Friday, January 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price target on shares of WesBanco in a research note on Tuesday, April 9th.

Institutional Trading of WesBanco

Several hedge funds and other institutional investors have recently bought and sold shares of WSBC. Vanguard Group Inc. lifted its position in shares of WesBanco by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,979,494 shares of the financial services provider’s stock valued at $146,019,000 after acquiring an additional 71,928 shares during the last quarter. Wesbanco Bank Inc. boosted its holdings in WesBanco by 2.4% during the first quarter. Wesbanco Bank Inc. now owns 1,681,782 shares of the financial services provider’s stock valued at $50,134,000 after acquiring an additional 39,808 shares during the period. Earnest Partners LLC boosted its holdings in WesBanco by 10.5% during the third quarter. Earnest Partners LLC now owns 1,484,752 shares of the financial services provider’s stock valued at $36,258,000 after acquiring an additional 140,870 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in WesBanco by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 811,270 shares of the financial services provider’s stock valued at $25,450,000 after acquiring an additional 48,304 shares during the period. Finally, FMR LLC lifted its stake in shares of WesBanco by 3,621.1% in the third quarter. FMR LLC now owns 510,682 shares of the financial services provider’s stock valued at $12,471,000 after buying an additional 496,958 shares during the period. 61.41% of the stock is owned by institutional investors.

WesBanco Trading Down 2.6 %

Shares of NASDAQ:WSBC traded down $0.74 during trading hours on Wednesday, hitting $28.26. 70,112 shares of the company’s stock traded hands, compared to its average volume of 200,006. WesBanco has a 1 year low of $19.84 and a 1 year high of $32.20. The business has a fifty day moving average price of $28.64 and a 200-day moving average price of $28.23. The firm has a market capitalization of $1.68 billion, a P/E ratio of 11.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. WesBanco had a return on equity of 6.94% and a net margin of 19.11%. The business had revenue of $225.96 million for the quarter, compared to the consensus estimate of $147.81 million. During the same period in the prior year, the firm posted $0.71 earnings per share. Equities analysts expect that WesBanco will post 2.27 earnings per share for the current year.

WesBanco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend was Thursday, March 7th. WesBanco’s dividend payout ratio is presently 57.37%.

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.