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

Shares of WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $40.83.

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

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WesBanco Trading Down 0.2 %

Shares of WSBC traded down $0.06 during trading hours on Friday, hitting $31.92. The company had a trading volume of 455,653 shares, compared to its average volume of 341,398. WesBanco has a 52-week low of $25.56 and a 52-week high of $37.36. The firm has a market cap of $2.14 billion, a P/E ratio of 14.25 and a beta of 0.84. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock's 50 day moving average price is $33.80 and its 200 day moving average price is $32.97.

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

WesBanco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.48 annualized dividend and a yield of 4.64%. WesBanco's dividend payout ratio (DPR) is presently 66.07%.

Hedge Funds Weigh In On WesBanco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC bought a new position in WesBanco in the 4th quarter valued at approximately $248,000. Mackenzie Financial Corp raised its stake in WesBanco by 192.4% during the 4th quarter. Mackenzie Financial Corp now owns 20,365 shares of the financial services provider's stock valued at $663,000 after buying an additional 13,401 shares during the last quarter. PharVision Advisers LLC purchased a new stake in WesBanco during the 4th quarter valued at $375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in WesBanco by 13.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,226 shares of the financial services provider's stock valued at $4,400,000 after buying an additional 16,354 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its stake in WesBanco by 32.6% during the 4th quarter. Voloridge Investment Management LLC now owns 33,108 shares of the financial services provider's stock valued at $1,077,000 after buying an additional 8,141 shares during the last quarter. 61.41% of the stock is owned by institutional investors.

About WesBanco

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.