WesBanco (NASDAQ:WSBC) Rating Reiterated by Stephens

WesBanco (NASDAQ:WSBC - Get Free Report)'s stock had its "equal weight" rating reissued by investment analysts at Stephens in a research report issued on Wednesday, Benzinga reports. They currently have a $30.00 price target on the financial services provider's stock. Stephens' price objective indicates a potential upside of 6.08% from the company's current price.

A number of other equities analysts have also issued reports on WSBC. Raymond James upgraded shares of WesBanco from a "market perform" rating to an "outperform" rating and set a $34.00 target price for the company in a research report on Friday, January 5th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $32.00 target price on shares of WesBanco in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $31.17.

WesBanco Stock Performance

Shares of WesBanco stock traded down $0.72 during trading on Wednesday, hitting $28.28. 241,443 shares of the stock were exchanged, compared to its average volume of 202,209. The stock's fifty day moving average is $28.64 and its 200 day moving average is $28.23. The stock has a market cap of $1.68 billion, a PE ratio of 11.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. WesBanco has a 12 month low of $19.84 and a 12 month high of $32.20.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.56. The firm had revenue of $225.96 million during the quarter, compared to analyst estimates of $147.81 million. WesBanco had a net margin of 19.11% and a return on equity of 6.94%. During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, sell-side analysts anticipate that WesBanco will post 2.27 EPS for the current year.

Institutional Trading of WesBanco

Hedge funds have recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. purchased a new stake in WesBanco during the fourth quarter valued at about $31,000. Principal Securities Inc. purchased a new stake in WesBanco during the fourth quarter valued at about $43,000. Sound Income Strategies LLC lifted its stake in 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 buying an additional 1,425 shares in the last quarter. EMC Capital Management purchased a new stake in WesBanco during the third quarter valued at about $51,000. Finally, TFO Wealth Partners LLC lifted its stake 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 valued at $99,000 after buying an additional 3,144 shares in the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.

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.