Shares of WesBanco, Inc. (NASDAQ:WSBC) have received a consensus rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $41.25.
WSBC has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of WesBanco from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub lowered shares of WesBanco from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. FBR & Co lowered their target price on shares of WesBanco from $44.00 to $40.00 and set a “mkt perform” rating on the stock in a research note on Friday, July 21st. DA Davidson upgraded shares of WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Friday, June 2nd. Finally, ValuEngine upgraded shares of WesBanco from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd.
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Shares of WesBanco (NASDAQ:WSBC) traded down 0.08% during trading on Friday, reaching $36.66. 69,893 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.61 billion, a P/E ratio of 16.75 and a beta of 0.94. WesBanco has a 52-week low of $31.09 and a 52-week high of $44.19. The company has a 50 day moving average of $38.72 and a 200 day moving average of $39.02.
WesBanco (NASDAQ:WSBC) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. WesBanco had a net margin of 23.44% and a return on equity of 7.55%. The firm had revenue of $94.26 million during the quarter, compared to analyst estimates of $96.70 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. Equities analysts anticipate that WesBanco will post $2.45 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in shares of WesBanco by 4.2% in the first quarter. Wells Fargo & Company MN now owns 200,230 shares of the financial services provider’s stock worth $7,631,000 after buying an additional 8,086 shares during the period. BB&T Corp increased its stake in shares of WesBanco by 2.8% in the first quarter. BB&T Corp now owns 9,031 shares of the financial services provider’s stock worth $345,000 after buying an additional 250 shares during the period. Wesbanco Bank Inc. increased its stake in shares of WesBanco by 0.6% in the first quarter. Wesbanco Bank Inc. now owns 1,655,365 shares of the financial services provider’s stock worth $63,086,000 after buying an additional 9,668 shares during the period. IFP Advisors Inc increased its stake in shares of WesBanco by 0.5% in the first quarter. IFP Advisors Inc now owns 16,894 shares of the financial services provider’s stock worth $644,000 after buying an additional 92 shares during the period. Finally, Strs Ohio increased its stake in shares of WesBanco by 3.1% in the first quarter. Strs Ohio now owns 27,000 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 800 shares during the period. 56.07% of the stock is owned by hedge funds and other institutional investors.
WesBanco Company Profile
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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