WesBanco Inc (NASDAQ:WSBC) Given Average Rating of “Hold” by Brokerages

Shares of WesBanco Inc (NASDAQ:WSBC) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $45.00.

A number of brokerages have commented on WSBC. BidaskClub upgraded shares of WesBanco from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research downgraded shares of WesBanco from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Boenning Scattergood restated a “hold” rating on shares of WesBanco in a research report on Wednesday, April 17th. ValuEngine downgraded shares of WesBanco from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Finally, Hovde Group began coverage on shares of WesBanco in a research report on Monday. They set an “outperform” rating and a $42.00 price objective for the company.

Shares of WesBanco stock opened at $35.36 on Monday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.09 and a beta of 1.12. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. WesBanco has a one year low of $34.14 and a one year high of $51.12.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.02). The firm had revenue of $126.13 million for the quarter, compared to analysts’ expectations of $127.68 million. WesBanco had a return on equity of 8.92% and a net margin of 27.17%. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. On average, equities research analysts forecast that WesBanco will post 3.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.51%. WesBanco’s dividend payout ratio (DPR) is presently 38.63%.

In related news, Director Kerry M. Stemler purchased 1,343 shares of the stock in a transaction dated Friday, March 22nd. The shares were acquired at an average cost of $37.66 per share, with a total value of $50,577.38. Following the purchase, the director now directly owns 96,004 shares in the company, valued at approximately $3,615,510.64. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.24% of the company’s stock.

Several large investors have recently bought and sold shares of WSBC. Trustcore Financial Services LLC acquired a new stake in WesBanco in the 1st quarter worth approximately $25,000. Public Employees Retirement System of Ohio raised its stake in shares of WesBanco by 52.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 727 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 250 shares in the last quarter. Executive Wealth Management LLC acquired a new position in shares of WesBanco in the fourth quarter valued at $27,000. Advisory Services Network LLC grew its position in WesBanco by 55.8% in the fourth quarter. Advisory Services Network LLC now owns 765 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 274 shares during the period. Finally, Horan Capital Advisors LLC. bought a new stake in shares of WesBanco during the first quarter worth $164,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Company Profile

WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.

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