Brokerages Set WesBanco, Inc. (NASDAQ:WSBC) Price Target at $30.75

WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) has been assigned an average rating of "Hold" from the five brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $31.17.

Several brokerages recently issued reports on WSBC. Stephens restated an "equal weight" rating and set a $30.00 price objective on shares of WesBanco in a research note on Wednesday. Raymond James upgraded WesBanco from a "market perform" rating to an "outperform" rating and set a $34.00 price objective on the stock in a research note on Friday, January 5th. Royal Bank of Canada restated a "sector perform" rating and set a $32.00 price objective on shares of WesBanco in a research note on Tuesday, April 9th. Finally, Hovde Group cut their target price on WesBanco from $36.00 to $34.00 and set an "outperform" rating on the stock in a research note on Wednesday.

WesBanco Stock Down 2.5 %

NASDAQ:WSBC traded down $0.72 during trading hours on Wednesday, hitting $28.28. The stock had a trading volume of 241,443 shares, compared to its average volume of 202,209. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. WesBanco has a 1-year low of $19.84 and a 1-year high of $32.20. The business has a 50 day simple moving average of $28.64 and a two-hundred day simple moving average of $28.23. The company has a market cap of $1.68 billion, a PE ratio of 11.27 and a beta of 0.86.

WesBanco (NASDAQ:WSBC - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share for the quarter, hitting analysts' consensus estimates of $0.56. WesBanco had a net margin of 19.11% and a return on equity of 6.94%. The business had revenue of $225.96 million during the quarter, compared to the consensus estimate of $147.81 million. During the same quarter last year, the company earned $0.71 earnings per share. Analysts predict that WesBanco will post 2.27 EPS for the current year.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Thursday, March 7th. WesBanco's payout ratio is 57.37%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. DiNuzzo Private Wealth Inc. acquired a new position in shares of WesBanco during the fourth quarter valued at $31,000. Principal Securities Inc. acquired a new position in shares of WesBanco during the fourth quarter valued at $43,000. Sound Income Strategies LLC increased its holdings in shares of WesBanco by 2,688.7% during the fourth quarter. Sound Income Strategies LLC now owns 1,478 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 1,425 shares during the period. EMC Capital Management acquired a new position in WesBanco during the third quarter worth about $51,000. Finally, TFO Wealth Partners LLC grew its holdings in WesBanco by 26,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,156 shares of the financial services provider's stock worth $99,000 after acquiring an additional 3,144 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.