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

WesBanco, Inc. (NASDAQ:WSBC) has received an average rating of “Moderate Buy” from the four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $30.75.

WSBC has been the topic of a number of analyst reports. Raymond James upgraded shares of 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. Stephens reissued an “equal weight” rating and issued a $30.00 target price on shares of WesBanco in a research note on Wednesday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 target price on shares of WesBanco in a research note on Tuesday, April 9th.

WesBanco Price Performance

WesBanco stock traded down $0.74 during mid-day trading on Wednesday, reaching $28.26. The company had a trading volume of 70,112 shares, 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 company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $1.68 billion, a P/E ratio of 11.27 and a beta of 0.86. The stock’s 50-day simple moving average is $28.64 and its 200-day simple moving average is $28.23.

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

WesBanco Dividend Announcement

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

Institutional Investors Weigh In On WesBanco

Large investors have recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. purchased a new position in WesBanco during the fourth quarter valued at approximately $31,000. Principal Securities Inc. bought a new stake in WesBanco in the fourth quarter worth approximately $43,000. Sound Income Strategies LLC grew its position in WesBanco by 2,688.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,478 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,425 shares in the last quarter. EMC Capital Management bought a new stake in WesBanco in the third quarter worth approximately $51,000. Finally, TFO Wealth Partners LLC grew its position in WesBanco by 26,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,156 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 3,144 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

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.