Analysts Set WesBanco, Inc. (NASDAQ:WSBC) PT at $40.83

WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities 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 objective among analysts that have covered the stock in the last year is $40.83.

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

Institutional Investors Weigh In On WesBanco

A number of institutional investors have recently made changes to their positions in WSBC. CWM LLC grew its position in shares of WesBanco by 175.2% in the 3rd quarter. CWM LLC now owns 2,072 shares of the financial services provider's stock valued at $62,000 after buying an additional 1,319 shares during the last quarter. Creative Planning grew its position in shares of WesBanco by 17.5% in the 3rd quarter. Creative Planning now owns 37,349 shares of the financial services provider's stock valued at $1,112,000 after buying an additional 5,552 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of WesBanco in the 3rd quarter valued at about $80,000. International Assets Investment Management LLC grew its position in shares of WesBanco by 2,878.0% in the 3rd quarter. International Assets Investment Management LLC now owns 97,351 shares of the financial services provider's stock valued at $2,899,000 after buying an additional 94,082 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of WesBanco by 1,011.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,340 shares of the financial services provider's stock valued at $282,000 after buying an additional 8,500 shares during the last quarter. Institutional investors own 61.41% of the company's stock.

WesBanco Price Performance

Shares of WesBanco stock traded down $0.88 during trading on Tuesday, reaching $35.41. 422,666 shares of the company's stock were exchanged, compared to its average volume of 465,131. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. WesBanco has a 1-year low of $25.56 and a 1-year high of $37.36. The company has a market cap of $2.37 billion, a P/E ratio of 15.81 and a beta of 0.84. The firm's 50-day moving average price is $33.80 and its 200 day moving average price is $32.65.

WesBanco (NASDAQ:WSBC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, topping 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%. As a group, research analysts anticipate that WesBanco will post 3.24 earnings per share for the current year.

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.