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

Shares of WesBanco, Inc. (NASDAQ:WSBC) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $38.71.

A number of equities research analysts have commented on WSBC shares. Raymond James decreased their target price on shares of WesBanco from $44.00 to $38.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 2nd. DA Davidson lifted their target price on shares of WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada cut their price target on WesBanco from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Thursday, May 1st. Keefe, Bruyette & Woods lowered their price objective on WesBanco from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Finally, Stephens reiterated an “equal weight” rating and set a $39.00 target price on shares of WesBanco in a research report on Thursday, January 23rd.

WesBanco Trading Down 0.9 %

Shares of WSBC stock opened at $30.79 on Friday. 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 cap of $2.06 billion, a price-to-earnings ratio of 13.75 and a beta of 0.81. WesBanco has a 1 year low of $25.56 and a 1 year high of $37.36. The firm has a fifty day moving average price of $30.06 and a 200-day moving average price of $32.74.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. The business had revenue of $253.23 million during the quarter, compared to analyst estimates of $206.63 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. As a group, equities analysts predict that WesBanco will post 3.24 earnings per share for the current year.

WesBanco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Monday, March 10th. WesBanco’s payout ratio is 96.73%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC purchased a new position in shares of WesBanco in the 4th quarter worth $328,000. Franklin Resources Inc. bought a new stake in WesBanco during the third quarter worth approximately $1,148,000. Inspire Advisors LLC raised its position in WesBanco by 18.7% during the fourth quarter. Inspire Advisors LLC now owns 63,184 shares of the financial services provider’s stock valued at $2,056,000 after purchasing an additional 9,955 shares during the period. Johnson Investment Counsel Inc. bought a new stake in shares of WesBanco in the 4th quarter valued at approximately $323,000. Finally, Magnolia Private Wealth LLC purchased a new position in shares of WesBanco in the 4th quarter worth approximately $269,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

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.