Stephens Trims WesBanco (NASDAQ:WSBC) Target Price to $27.00

WesBanco (NASDAQ:WSBC) had its price target decreased by Stephens from $30.00 to $27.00 in a report issued on Thursday, Benzinga reports. Stephens currently has an equal weight rating on the financial services provider’s stock.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada reiterated a sector perform rating and issued a $32.00 target price on shares of WesBanco in a research note on Tuesday, April 9th. Hovde Group lowered their target price on shares of WesBanco from $36.00 to $34.00 and set an outperform rating for the company in a research note on Wednesday. Finally, Raymond James upgraded shares of WesBanco from a market perform rating to an outperform rating and set a $34.00 target price for the company in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, WesBanco currently has a consensus rating of Hold and a consensus target price of $30.67.

WesBanco Stock Down 0.1 %

WesBanco stock traded down $0.02 during midday trading on Thursday, hitting $27.74. 22,893 shares of the company’s stock were exchanged, compared to its average volume of 199,941. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. WesBanco has a 12 month low of $19.84 and a 12 month high of $32.20. The firm has a 50-day moving average of $28.64 and a two-hundred day moving average of $28.23. The company has a market cap of $1.65 billion, a PE ratio of 11.57 and a beta of 0.86.

WesBanco (NASDAQ:WSBC) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. WesBanco had a net margin of 17.52% and a return on equity of 6.54%. The company had revenue of $225.96 million for the quarter, compared to analysts’ expectations of $147.81 million. During the same period in the prior year, the business earned $0.71 EPS. As a group, analysts expect that WesBanco will post 2.27 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Thursday, March 7th. This represents a $1.44 annualized dividend and a yield of 5.19%. WesBanco’s dividend payout ratio (DPR) is presently 60.00%.

Institutional Investors Weigh In On WesBanco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of WesBanco during the 3rd quarter valued at about $223,000. Denali Advisors LLC acquired a new position in shares of WesBanco during the 3rd quarter valued at about $357,000. Bill Few Associates Inc. boosted its position in shares of WesBanco by 12.0% during the 3rd quarter. Bill Few Associates Inc. now owns 12,806 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 1,375 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of WesBanco by 38.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 12,080 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 3,361 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of WesBanco by 27.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,519 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 2,516 shares during 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.