Brokerages Set WesBanco, Inc. (NASDAQ:WSBC) PT at $30.75

Shares of WesBanco, Inc. (NASDAQ:WSBC) have received an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $30.60.

Several research analysts have recently commented on WSBC shares. Raymond James raised WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a report on Friday, January 5th. Hovde Group reduced their target price on WesBanco from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday. Stephens reduced their target price on WesBanco from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 target price on shares of WesBanco in a report on Tuesday, April 9th.

Institutional Trading of WesBanco

A number of large investors have recently made changes to their positions in WSBC. Wesbanco Bank Inc. boosted its stake in WesBanco by 2.4% in the 1st quarter. Wesbanco Bank Inc. now owns 1,681,782 shares of the financial services provider’s stock worth $50,134,000 after purchasing an additional 39,808 shares during the period. Founders Financial Securities LLC boosted its stake in WesBanco by 6.1% in the 1st quarter. Founders Financial Securities LLC now owns 7,612 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 436 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in WesBanco in the 1st quarter worth $222,000. Bridge City Capital LLC boosted its stake in WesBanco by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 84,607 shares of the financial services provider’s stock worth $2,522,000 after purchasing an additional 663 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in shares of WesBanco by 17.5% during the 1st quarter. Moody National Bank Trust Division now owns 17,165 shares of the financial services provider’s stock worth $512,000 after buying an additional 2,552 shares during the last quarter. Institutional investors own 61.41% of the company’s stock.

WesBanco Trading Down 0.9 %

Shares of WSBC opened at $27.52 on Wednesday. WesBanco has a 12-month low of $19.84 and a 12-month high of $32.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 11.47 and a beta of 0.86. The stock’s 50-day moving average price is $28.60 and its 200 day moving average price is $28.22.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. The company had revenue of $225.96 million for the quarter, compared to the consensus estimate of $147.81 million. WesBanco had a return on equity of 6.54% and a net margin of 17.52%. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, research analysts predict that WesBanco will post 2.27 earnings per share for the current year.

WesBanco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Thursday, March 7th. WesBanco’s dividend payout ratio is currently 60.00%.

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.