WesBanco, Inc. (NASDAQ:WSBC) Given Consensus Recommendation of "Moderate Buy" by Brokerages

WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $38.71.

A number of research firms have issued reports on WSBC. Royal Bank Of Canada cut their price objective on shares of WesBanco from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Piper Sandler began coverage on shares of WesBanco in a report on Thursday, April 3rd. They issued an "overweight" rating and a $37.00 price objective for the company. Keefe, Bruyette & Woods cut their price objective on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Finally, Raymond James Financial cut their price objective on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd.

Institutional Trading of WesBanco

A number of institutional investors and hedge funds have recently made changes to their positions in WSBC. Federated Hermes Inc. bought a new stake in shares of WesBanco during the 1st quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of WesBanco by 132.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 895 shares of the financial services provider's stock worth $28,000 after acquiring an additional 510 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of WesBanco during the 1st quarter worth approximately $34,000. Creative Financial Designs Inc. ADV bought a new stake in shares of WesBanco during the 1st quarter worth approximately $48,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of WesBanco by 573.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,878 shares of the financial services provider's stock worth $58,000 after acquiring an additional 1,599 shares during the period. Institutional investors own 61.41% of the company's stock.

WesBanco Stock Performance

Shares of WSBC stock opened at $30.10 on Monday. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 19.67 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.93. The company has a 50-day simple moving average of $30.40 and a 200 day simple moving average of $32.04. WesBanco has a 52 week low of $26.20 and a 52 week high of $37.36.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.60 by $0.06. The business had revenue of $253.23 million during the quarter, compared to the consensus estimate of $206.63 million. WesBanco had a net margin of 10.52% and a return on equity of 6.07%. During the same quarter in the previous year, the firm posted $0.56 EPS. On average, sell-side analysts predict that WesBanco will post 3.24 earnings per share for the current year.

WesBanco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Friday, June 6th. WesBanco's dividend payout ratio (DPR) is presently 96.73%.

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.

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