WesBanco (NASDAQ:WSBC) Price Target Lowered to $40.00 at Keefe, Bruyette & Woods

WesBanco (NASDAQ:WSBC - Get Free Report) had its price target lowered by analysts at Keefe, Bruyette & Woods from $43.00 to $40.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 31.49% from the company's current price.

Several other equities analysts have also weighed in on WSBC. StockNews.com upgraded shares of WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Raymond James decreased their price target on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. Royal Bank of Canada reduced their price objective on WesBanco from $36.00 to $34.00 and set a "sector perform" rating for the company in a research note on Thursday. Piper Sandler initiated coverage on WesBanco in a report on Thursday, April 3rd. They set an "overweight" rating and a $37.00 target price for the company. Finally, DA Davidson boosted their price objective on WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.71.

WesBanco Stock Performance

WSBC stock opened at $30.42 on Monday. The company has a market capitalization of $2.04 billion, a P/E ratio of 13.58 and a beta of 0.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The company has a 50-day simple moving average of $30.47 and a 200 day simple moving average of $32.76. WesBanco has a fifty-two week low of $25.56 and a fifty-two week high of $37.36.

WesBanco (NASDAQ:WSBC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.06. The business had revenue of $253.23 million for the quarter, compared to analyst estimates of $206.63 million. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. During the same quarter last year, the business earned $0.56 earnings per share. Sell-side analysts predict that WesBanco will post 3.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WSBC. Opal Wealth Advisors LLC purchased a new position in shares of WesBanco during the 1st quarter valued at $34,000. Creative Financial Designs Inc. ADV purchased a new position in WesBanco in the first quarter valued at about $48,000. Sterling Capital Management LLC increased its position in WesBanco by 807.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider's stock worth $59,000 after purchasing an additional 1,614 shares during the last quarter. Principal Securities Inc. raised its stake in shares of WesBanco by 40.9% during the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock worth $68,000 after purchasing an additional 603 shares in the last quarter. Finally, Roble Belko & Company Inc acquired a new stake in shares of WesBanco during the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 61.41% of the company's stock.

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.

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