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

Shares of WesBanco, Inc. (NASDAQ:WSBC) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $40.83.

WSBC has been the topic of several research analyst reports. Stephens restated an “equal weight” rating and set a $39.00 target price on shares of WesBanco in a research report on Thursday, January 23rd. DA Davidson increased their price objective on WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a report on Monday, January 27th. Raymond James raised WesBanco from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $35.00 to $44.00 in a report on Friday, December 6th. StockNews.com raised WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods upgraded WesBanco from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $44.00 in a research report on Monday, February 10th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Atria Investments Inc grew its stake in shares of WesBanco by 22.7% in the third quarter. Atria Investments Inc now owns 23,103 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 4,269 shares during the last quarter. Huntington National Bank raised its holdings in WesBanco by 8.7% in the 3rd quarter. Huntington National Bank now owns 17,601 shares of the financial services provider’s stock worth $524,000 after acquiring an additional 1,410 shares during the last quarter. Empowered Funds LLC raised its holdings in WesBanco by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 185,932 shares of the financial services provider’s stock worth $5,537,000 after acquiring an additional 9,380 shares during the last quarter. Intech Investment Management LLC purchased a new position in WesBanco in the 3rd quarter worth approximately $411,000. Finally, Landscape Capital Management L.L.C. purchased a new position in WesBanco in the 3rd quarter worth approximately $428,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.

WesBanco Price Performance

WesBanco stock opened at $31.76 on Friday. The stock has a market capitalization of $2.13 billion, a P/E ratio of 14.18 and a beta of 0.84. WesBanco has a 52 week low of $25.56 and a 52 week high of $37.36. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a fifty day moving average of $33.81 and a 200-day moving average of $32.96.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. On average, sell-side analysts expect that WesBanco will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $0.37 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.48 annualized dividend and a dividend yield of 4.66%. WesBanco’s dividend payout ratio is currently 66.07%.

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.