Analysts Set WesBanco, Inc. (NASDAQ:WSBC) Target Price at $40.83

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

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

WesBanco Price Performance

WSBC opened at $31.98 on Friday. WesBanco has a 52-week low of $25.56 and a 52-week high of $37.36. The stock has a market cap of $2.14 billion, a P/E ratio of 14.28 and a beta of 0.84. The business has a fifty day moving average of $33.80 and a 200 day moving average of $32.97. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

WesBanco (NASDAQ:WSBC) last issued 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, sell-side analysts anticipate that WesBanco will post 3.24 EPS for the current year.

WesBanco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Monday, March 10th. WesBanco’s payout ratio is 66.07%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WSBC. Point72 Asset Management L.P. acquired a new position in WesBanco during the 3rd quarter valued at about $56,000. Sterling Capital Management LLC increased its position in WesBanco by 807.0% during 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 in the last quarter. Principal Securities Inc. increased its position in WesBanco by 40.9% during 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 in the last quarter. Roble Belko & Company Inc acquired a new position in WesBanco during the 4th quarter valued at about $78,000. Finally, Allworth Financial LP increased its position in WesBanco by 668.5% during the 4th quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider’s stock valued at $78,000 after buying an additional 2,146 shares in the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

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.