WesBanco (NASDAQ:WSBC) Rating Reiterated by Stephens

WesBanco (NASDAQ:WSBC)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Stephens in a note issued to investors on Wednesday, Benzinga reports. They presently have a $30.00 price objective on the financial services provider’s stock. Stephens’ price target indicates a potential upside of 8.07% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price objective on shares of WesBanco in a report on Tuesday, April 9th. Raymond James raised WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, WesBanco currently has an average rating of “Hold” and a consensus target price of $30.67.

WesBanco Stock Performance

NASDAQ WSBC opened at $27.76 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68. WesBanco has a 52-week low of $19.84 and a 52-week high of $32.20. The business’s 50-day moving average price is $28.64 and its 200 day moving average price is $28.23. The firm has a market cap of $1.65 billion, a P/E ratio of 11.57 and a beta of 0.86.

WesBanco (NASDAQ:WSBC) last released 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 6.54% and a net margin of 17.52%. The firm had revenue of $225.96 million for the quarter, compared to analyst estimates of $147.81 million. During the same quarter last year, the company posted $0.71 earnings per share. On average, equities research analysts expect that WesBanco will post 2.27 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WSBC. Raymond James Trust N.A. purchased a new stake in WesBanco during the 4th quarter worth $1,196,000. International Assets Investment Management LLC lifted its holdings in WesBanco by 3,037.0% in the 4th quarter. International Assets Investment Management LLC now owns 102,549 shares of the financial services provider’s stock worth $3,269,000 after buying an additional 99,280 shares in the last quarter. Denali Advisors LLC acquired a new position in WesBanco in the 3rd quarter worth $357,000. Charles Schwab Investment Management Inc. lifted its holdings in WesBanco by 16.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 762,966 shares of the financial services provider’s stock worth $18,632,000 after buying an additional 106,300 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of WesBanco by 1.2% in 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 purchasing an additional 71,928 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

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.