WesBanco, Inc. (NASDAQ:WSBC) Receives $40.83 Consensus Target Price from Analysts

Shares of WesBanco, Inc. (NASDAQ:WSBC) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $40.83.

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

WesBanco Stock Down 0.9 %

WSBC stock opened at $35.08 on Tuesday. The stock’s fifty day simple moving average is $33.80 and its two-hundred day simple moving average is $32.76. 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 1-year low of $25.56 and a 1-year high of $37.36. The stock has a market cap of $2.35 billion, a P/E ratio of 15.66 and a beta of 0.84.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. Analysts expect that WesBanco will post 3.24 EPS for the current year.

Institutional Investors Weigh In On WesBanco

Institutional investors and hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC lifted its stake 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 purchasing an additional 1,614 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of WesBanco in the 3rd quarter valued at approximately $56,000. CWM LLC lifted its stake 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 purchasing an additional 1,319 shares during the period. Principal Securities Inc. lifted its stake 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 purchasing an additional 603 shares during the period. Finally, Roble Belko & Company Inc purchased a new position in shares of WesBanco in the 4th quarter valued at approximately $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.