WesBanco, Inc. (NASDAQ:WSBC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven analysts that are presently covering the stock, 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 price target among brokerages that have issued a report on the stock in the last year is $38.71.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in WesBanco in the 1st quarter worth about $26,000. Smartleaf Asset Management LLC increased its stake in shares of WesBanco by 132.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 895 shares of the financial services provider's stock valued at $28,000 after buying an additional 510 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of WesBanco in the 1st quarter valued at $34,000. Creative Financial Designs Inc. ADV bought a new position in shares of WesBanco in the 1st quarter worth $48,000. Finally, Sterling Capital Management LLC grew its stake in WesBanco by 807.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 1,614 shares during the period. 61.41% of the stock is owned by institutional investors and hedge funds.

WesBanco Trading Up 1.9%

Shares of WSBC stock opened at $32.78 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.93. WesBanco has a 1 year low of $26.42 and a 1 year high of $37.36. The stock has a fifty day moving average of $31.61 and a two-hundred day moving average of $31.86. The firm has a market capitalization of $3.14 billion, a PE ratio of 21.42 and a beta of 0.85.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. The business had revenue of $253.23 million during the quarter, compared to analyst estimates of $206.63 million. WesBanco had a return on equity of 6.07% and a net margin of 10.52%. During the same quarter in the prior year, the firm posted $0.56 earnings per share. As a group, research analysts expect that WesBanco will post 3.24 EPS for the current year.

WesBanco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.51%. The ex-dividend date was Friday, June 6th. WesBanco's payout ratio is currently 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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