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

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

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

Hedge Funds Weigh In On WesBanco

A number of institutional investors and hedge funds have recently bought and sold shares of WSBC. Proficio Capital Partners LLC bought a new position in shares of WesBanco during the 4th quarter valued at about $328,000. Raymond James Financial Inc. bought a new position in shares of WesBanco during the 4th quarter valued at about $5,345,000. Swiss National Bank boosted its position in shares of WesBanco by 0.9% during the 4th quarter. Swiss National Bank now owns 117,145 shares of the financial services provider's stock valued at $3,812,000 after purchasing an additional 1,100 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of WesBanco by 4.4% during the 4th quarter. Corient Private Wealth LLC now owns 22,153 shares of the financial services provider's stock valued at $721,000 after purchasing an additional 935 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of WesBanco by 12.1% during the 4th quarter. American Century Companies Inc. now owns 136,516 shares of the financial services provider's stock valued at $4,442,000 after purchasing an additional 14,777 shares in the last quarter. Institutional investors own 61.41% of the company's stock.

WesBanco Stock Down 0.5%

NASDAQ:WSBC traded down $0.18 during midday trading on Friday, hitting $32.67. 445,777 shares of the company were exchanged, compared to its average volume of 500,630. The company has a fifty day simple moving average of $31.66 and a 200 day simple moving average of $31.85. WesBanco has a fifty-two week low of $26.42 and a fifty-two week high of $37.36. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $3.13 billion, a PE ratio of 21.35 and a beta of 0.85.

WesBanco (NASDAQ:WSBC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. The company had revenue of $253.23 million for 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 period last year, the firm posted $0.56 EPS. As a group, equities analysts anticipate 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 was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.53%. 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.