Analysts Set WesBanco, Inc. (NASDAQ:WSBC) Target Price at $36.17

Shares of WesBanco, Inc. (NASDAQ:WSBC) have earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $36.17.

Several analysts recently commented on WSBC shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $35.00 price target on shares of WesBanco in a research report on Monday, September 9th. DA Davidson upped their target price on shares of WesBanco from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Hovde Group lifted their price objective on WesBanco from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Stephens boosted their price target on WesBanco from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods raised their price target on shares of WesBanco from $30.00 to $34.00 and gave the company a “market perform” rating in a report on Thursday, August 1st.

Insider Buying and Selling

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $34.87, for a total transaction of $39,228.75. Following the sale, the executive vice president now owns 46,817 shares in the company, valued at $1,632,508.79. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.44% of the company’s stock.

Institutional Trading of WesBanco

Several institutional investors have recently added to or reduced their stakes in WSBC. Quarry LP lifted its position in shares of WesBanco by 215.3% in the 2nd quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock worth $37,000 after buying an additional 913 shares during the last quarter. Signaturefd LLC boosted its stake in WesBanco by 214.5% in the second quarter. Signaturefd LLC now owns 1,384 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 944 shares during the period. Innealta Capital LLC bought a new position in shares of WesBanco during the second quarter valued at approximately $53,000. CWM LLC raised its position in shares of WesBanco by 175.2% during the 3rd quarter. CWM LLC now owns 2,072 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 1,319 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of WesBanco in the 3rd quarter worth approximately $80,000. Institutional investors own 61.41% of the company’s stock.

WesBanco Trading Down 0.6 %

NASDAQ WSBC opened at $36.06 on Friday. WesBanco has a 12 month low of $24.61 and a 12 month high of $36.87. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 17.25 and a beta of 0.81. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s fifty day moving average price is $30.95 and its 200 day moving average price is $29.77.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. WesBanco had a return on equity of 5.75% and a net margin of 14.79%. The company had revenue of $243.34 million for the quarter, compared to analyst estimates of $152.40 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. On average, sell-side analysts expect that WesBanco will post 2.14 earnings per share for the current fiscal year.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were paid a $0.36 dividend. The ex-dividend date was Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.99%. WesBanco’s dividend payout ratio (DPR) is presently 68.90%.

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.