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

Shares of WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $38.71.

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

WesBanco Stock Up 2.2%

NASDAQ:WSBC traded up $0.70 during mid-day trading on Monday, hitting $31.85. The company had a trading volume of 424,886 shares, compared to its average volume of 470,242. The business has a fifty day simple moving average of $30.67 and a 200-day simple moving average of $31.97. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.50. WesBanco has a 1 year low of $26.42 and a 1 year high of $37.36. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 20.82 and a beta of 0.85.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.06. WesBanco had a return on equity of 6.07% and a net margin of 10.52%. The business had revenue of $253.23 million for the quarter, compared to analyst estimates of $206.63 million. During the same period in the previous year, the company earned $0.56 earnings per share. Equities analysts forecast that WesBanco will post 3.24 earnings per share for the current fiscal year.

WesBanco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Friday, June 6th. WesBanco's dividend payout ratio is currently 96.73%.

Institutional Trading of WesBanco

Hedge funds and other institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in WesBanco in the fourth quarter valued at about $328,000. Inspire Advisors LLC increased its holdings in WesBanco by 18.7% in the fourth quarter. Inspire Advisors LLC now owns 63,184 shares of the financial services provider's stock valued at $2,056,000 after buying an additional 9,955 shares during the last quarter. Johnson Investment Counsel Inc. bought a new stake in WesBanco in the fourth quarter valued at about $323,000. Nuveen Asset Management LLC grew its holdings in shares of WesBanco by 13.4% during the fourth quarter. Nuveen Asset Management LLC now owns 492,167 shares of the financial services provider's stock valued at $16,015,000 after purchasing an additional 58,214 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of WesBanco by 8.2% during the fourth quarter. Bank of America Corp DE now owns 1,537,252 shares of the financial services provider's stock valued at $50,022,000 after purchasing an additional 116,796 shares during the last quarter. 61.41% of the stock is owned by 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.