WesBanco, Inc. (NASDAQ:WSBC) Receives $36.17 Average Target Price from Analysts

WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $36.17.

WSBC has been the topic of a number of recent analyst reports. DA Davidson boosted their price objective on WesBanco from $35.00 to $42.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Hovde Group upped their target price on shares of WesBanco from $34.00 to $38.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised their price target on shares of WesBanco from $30.00 to $34.00 and gave the company a "market perform" rating in a report on Thursday, August 1st. Royal Bank of Canada restated a "sector perform" rating and issued a $35.00 price objective on shares of WesBanco in a research report on Monday, September 9th. Finally, Stephens lifted their target price on WesBanco from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th.

Insider Transactions at WesBanco

In related news, EVP Michael L. Perkins sold 1,125 shares of WesBanco stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $34.87, for a total transaction of $39,228.75. Following the transaction, the executive vice president now owns 46,817 shares of the company's stock, valued at $1,632,508.79. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.44% of the company's stock.

Institutional Trading of WesBanco

Several hedge funds have recently added to or reduced their stakes in the business. Quarry LP raised its holdings in WesBanco by 215.3% during the 2nd quarter. Quarry LP now owns 1,337 shares of the financial services provider's stock worth $37,000 after buying an additional 913 shares during the period. Signaturefd LLC raised its holdings in shares of WesBanco by 214.5% during the second quarter. Signaturefd LLC now owns 1,384 shares of the financial services provider's stock worth $39,000 after acquiring an additional 944 shares during the period. Innealta Capital LLC bought a new stake in WesBanco in the 2nd quarter valued at $53,000. CWM LLC boosted its stake in WesBanco by 175.2% in the 3rd quarter. CWM LLC now owns 2,072 shares of the financial services provider's stock worth $62,000 after purchasing an additional 1,319 shares during the period. Finally, nVerses Capital LLC bought a new position in WesBanco during the 3rd quarter worth about $80,000. Institutional investors and hedge funds own 61.41% of the company's stock.

WesBanco Price Performance

Shares of WesBanco stock traded up $0.25 during mid-day trading on Friday, reaching $35.15. 277,990 shares of the stock were exchanged, compared to its average volume of 410,883. WesBanco has a fifty-two week low of $24.55 and a fifty-two week high of $36.13. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 16.82 and a beta of 0.81. The firm has a 50-day simple moving average of $30.79 and a 200 day simple moving average of $29.65. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55.

WesBanco (NASDAQ:WSBC - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The company had revenue of $243.34 million during the quarter, compared to analysts' expectations of $152.40 million. WesBanco had a net margin of 14.79% and a return on equity of 5.75%. During the same quarter in the previous year, the company posted $0.59 earnings per share. On average, sell-side analysts predict that WesBanco will post 2.14 EPS for the current fiscal year.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.10%. The ex-dividend date was Friday, September 6th. WesBanco's payout ratio is 68.90%.

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.