WesBanco, Inc. (NASDAQ:WSBC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of WesBanco, Inc. (NASDAQ:WSBC) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $40.83.

Several research analysts recently weighed in on WSBC shares. Stephens restated an “equal weight” rating and set a $39.00 target price on shares of WesBanco in a research note on Thursday, January 23rd. StockNews.com upgraded WesBanco from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. DA Davidson boosted their target price on WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods upgraded WesBanco from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $40.00 to $44.00 in a research note on Monday, February 10th. Finally, Raymond James upgraded WesBanco from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $35.00 to $44.00 in a research note on Friday, December 6th.

WesBanco Trading Down 2.4 %

WSBC opened at $35.41 on Tuesday. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 15.81 and a beta of 0.84. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. WesBanco has a 12 month low of $25.56 and a 12 month high of $37.36. The stock has a fifty day moving average price of $33.80 and a 200-day moving average price of $32.70.

WesBanco (NASDAQ:WSBC) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. As a group, equities research analysts anticipate that WesBanco will post 3.24 earnings per share for the current fiscal year.

Institutional Trading of WesBanco

Several large investors have recently added to or reduced their stakes in WSBC. Point72 Asset Management L.P. acquired a new position in shares of WesBanco in the 3rd quarter valued at about $56,000. Sterling Capital Management LLC lifted its holdings in shares of WesBanco by 807.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider’s stock valued at $59,000 after buying an additional 1,614 shares during the period. CWM LLC lifted its holdings in shares of WesBanco by 175.2% in the 3rd quarter. CWM LLC now owns 2,072 shares of the financial services provider’s stock valued at $62,000 after buying an additional 1,319 shares during the period. Principal Securities Inc. lifted its holdings in shares of WesBanco by 40.9% in the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock valued at $68,000 after buying an additional 603 shares during the period. Finally, Roble Belko & Company Inc acquired a new position in shares of WesBanco in the 4th quarter valued at about $78,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.

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.