WesBanco (NASDAQ:WSBC) Upgraded at Keefe, Bruyette & Woods

WesBanco (NASDAQ:WSBC - Get Free Report) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a report issued on Monday, Marketbeat reports. The firm currently has a $44.00 price target on the financial services provider's stock, up from their prior price target of $40.00. Keefe, Bruyette & Woods' price target points to a potential upside of 20.32% from the company's previous close.

WSBC has been the subject of a number of other research reports. Stephens reiterated an "equal weight" rating and issued a $39.00 price objective on shares of WesBanco in a report on Thursday, January 23rd. Raymond James upgraded WesBanco from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $35.00 to $44.00 in a report on Friday, December 6th. StockNews.com upgraded WesBanco from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, DA Davidson upped 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. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $40.83.

WesBanco Trading Up 0.6 %

Shares of WSBC stock traded up $0.23 on Monday, reaching $36.57. 344,202 shares of the stock were exchanged, compared to its average volume of 484,338. The stock has a market cap of $2.45 billion, a PE ratio of 16.33 and a beta of 0.84. WesBanco has a one year low of $25.56 and a one year high of $37.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a 50 day moving average price of $33.72 and a 200 day moving average price of $32.47.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in WesBanco by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 31,003 shares of the financial services provider's stock valued at $865,000 after purchasing an additional 1,410 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of WesBanco by 259.2% during the third quarter. SG Americas Securities LLC now owns 22,448 shares of the financial services provider's stock worth $669,000 after purchasing an additional 16,198 shares during the period. Handelsbanken Fonder AB increased its stake in shares of WesBanco by 13.3% during the third quarter. Handelsbanken Fonder AB now owns 11,100 shares of the financial services provider's stock worth $331,000 after purchasing an additional 1,300 shares during the period. CWM LLC increased its stake in shares of WesBanco by 175.2% during the third 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, Inspire Investing LLC increased its stake in shares of WesBanco by 9.3% during the third quarter. Inspire Investing LLC now owns 13,801 shares of the financial services provider's stock worth $411,000 after purchasing an additional 1,171 shares during the period. 61.41% of the stock is owned by institutional investors and hedge funds.

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.