WesBanco (NASDAQ:WSBC) Reaches New 1-Year Low - Time to Sell?

WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $28.74 and last traded at $29.78, with a volume of 732671 shares traded. The stock had previously closed at $29.91.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WSBC. Stephens restated an "equal weight" rating and set a $39.00 price objective on shares of WesBanco in a research report on Thursday, January 23rd. Royal Bank of Canada cut their price target on shares of WesBanco from $36.00 to $34.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. DA Davidson raised their price objective on shares of WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Raymond James cut their target price on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods decreased their price target on WesBanco from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.71.

WesBanco Trading Down 0.5 %

The firm has a market capitalization of $2.02 billion, a PE ratio of 13.49 and a beta of 0.81. The stock's 50-day moving average price is $30.39 and its 200 day moving average price is $32.75. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93.

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

WesBanco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date was Monday, March 10th. WesBanco's payout ratio is currently 96.73%.

Hedge Funds Weigh In On WesBanco

A number of large investors have recently added to or reduced their stakes in WSBC. Opal Wealth Advisors LLC purchased a new position in shares of WesBanco in the 1st quarter worth approximately $34,000. Creative Financial Designs Inc. ADV purchased a new position in WesBanco in the first quarter worth $48,000. Sterling Capital Management LLC increased its position in shares of WesBanco by 807.0% during the fourth 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 in the last quarter. Principal Securities Inc. lifted its holdings 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 valued at $68,000 after purchasing an additional 603 shares during the last quarter. Finally, Roble Belko & Company Inc acquired a new stake in shares of WesBanco in the 4th quarter worth $78,000. 61.41% of the stock is currently 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.