Brokerages Set WesBanco, Inc. (NASDAQ:WSBC) PT at $30.60

WesBanco, Inc. (NASDAQ:WSBCGet Free Report) has been given a consensus rating of “Hold” by the five brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $30.60.

WSBC has been the subject of several recent research reports. Hovde Group dropped their target price on shares of WesBanco from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price objective on shares of WesBanco in a research report on Tuesday, April 9th. Finally, Stephens lowered their price objective on shares of WesBanco from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th.

Check Out Our Latest Report on WesBanco

Hedge Funds Weigh In On WesBanco

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DiNuzzo Private Wealth Inc. acquired a new position in shares of WesBanco during the 4th quarter worth about $31,000. Principal Securities Inc. acquired a new position in shares of WesBanco during the 4th quarter worth about $43,000. Sound Income Strategies LLC boosted its stake in shares of WesBanco by 2,688.7% during the 4th quarter. Sound Income Strategies LLC now owns 1,478 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,425 shares during the last quarter. EMC Capital Management acquired a new position in shares of WesBanco during the 3rd quarter worth about $51,000. Finally, TFO Wealth Partners LLC boosted its stake in shares of WesBanco by 26,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,156 shares of the financial services provider’s stock worth $99,000 after buying an additional 3,144 shares during the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

WesBanco Stock Performance

Shares of WesBanco stock opened at $26.56 on Thursday. The firm has a fifty day moving average of $27.60 and a two-hundred day moving average of $28.78. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.07 and a beta of 0.85. WesBanco has a 52 week low of $23.00 and a 52 week high of $32.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 0.91.

WesBanco (NASDAQ:WSBCGet Free Report) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. The company had revenue of $225.96 million during the quarter, compared to analysts’ expectations of $147.81 million. WesBanco had a net margin of 17.52% and a return on equity of 6.50%. During the same quarter in the previous year, the company posted $0.71 EPS. As a group, equities research analysts predict that WesBanco will post 2.21 EPS for the current year.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Friday, June 7th. WesBanco’s payout ratio is presently 60.00%.

WesBanco Company Profile

(Get Free Report

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.

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Analyst Recommendations for WesBanco (NASDAQ:WSBC)

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