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

WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) has received an average rating of "Moderate Buy" from the seven analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $39.1667.

WSBC has been the subject of several recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of WesBanco in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on WesBanco from $34.00 to $36.00 and gave the company a "sector perform" rating in a research note on Friday, October 10th. Wall Street Zen downgraded WesBanco from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Finally, DA Davidson downgraded WesBanco from a "strong-buy" rating to a "hold" rating in a report on Monday, October 20th.

Get Our Latest Research Report on WesBanco

WesBanco Trading Down 0.3%

NASDAQ WSBC opened at $30.10 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.57. WesBanco has a twelve month low of $26.42 and a twelve month high of $37.36. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 15.36 and a beta of 0.85. The business's fifty day moving average is $31.99 and its 200 day moving average is $31.41.

WesBanco (NASDAQ:WSBC - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.05. WesBanco had a return on equity of 8.55% and a net margin of 13.91%.The company had revenue of $261.58 million during the quarter, compared to the consensus estimate of $263.38 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. As a group, sell-side analysts expect that WesBanco will post 3.24 EPS for the current fiscal year.

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.48 annualized dividend and a yield of 4.9%. WesBanco's payout ratio is presently 75.51%.

Insider Activity

In related news, Director F Eric Nelson, Jr. bought 8,000 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were purchased at an average cost of $25.00 per share, with a total value of $200,000.00. Following the acquisition, the director owned 8,000 shares of the company's stock, valued at $200,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James W. Cornelsen bought 10,000 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $250,000.00. Following the completion of the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $250,000. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 52,921 shares of company stock worth $1,339,995. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC lifted its stake in shares of WesBanco by 13.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,269 shares of the financial services provider's stock valued at $296,000 after purchasing an additional 1,133 shares during the period. Algebris UK Ltd. acquired a new position in shares of WesBanco in the 3rd quarter valued at about $19,863,000. Y Intercept Hong Kong Ltd lifted its stake in shares of WesBanco by 53.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 30,988 shares of the financial services provider's stock valued at $989,000 after purchasing an additional 10,852 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of WesBanco by 19.5% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 66,596 shares of the financial services provider's stock valued at $2,126,000 after purchasing an additional 10,884 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of WesBanco by 45.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,113 shares of the financial services provider's stock valued at $904,000 after purchasing an additional 8,463 shares during the period. 61.41% of the stock is owned by institutional investors and hedge funds.

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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