WesBanco, Inc. (NASDAQ:WSBC) Receives $39.43 Consensus Target Price from Brokerages

Shares of WesBanco, Inc. (NASDAQ:WSBC) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $39.43.

Several equities research analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of WesBanco in a research report on Thursday, April 3rd. They set an “overweight” rating and a $37.00 price objective for the company. Keefe, Bruyette & Woods raised shares of WesBanco from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $40.00 to $44.00 in a research report on Monday, February 10th. Raymond James dropped their price objective on shares of WesBanco from $44.00 to $38.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 2nd. StockNews.com upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, DA Davidson raised their price objective on WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, January 27th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WSBC. Point72 Asset Management L.P. bought a new position in WesBanco during the 3rd quarter worth approximately $56,000. Sterling Capital Management LLC lifted its stake in shares of WesBanco by 807.0% in the fourth 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. boosted its stake 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 purchasing an additional 603 shares during the last quarter. Roble Belko & Company Inc purchased a new position in shares of WesBanco during the fourth quarter valued at approximately $78,000. Finally, Allworth Financial LP raised its position in WesBanco by 668.5% in 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 during the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

WesBanco Trading Down 1.4 %

Shares of NASDAQ:WSBC opened at $26.79 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50-day simple moving average of $32.57 and a 200 day simple moving average of $32.81. The company has a market capitalization of $1.79 billion, a P/E ratio of 11.96 and a beta of 0.76. WesBanco has a 52-week low of $25.56 and a 52-week high of $37.36.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that WesBanco will post 3.24 earnings per share for the current year.

WesBanco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.48 annualized dividend and a dividend yield of 5.52%. WesBanco’s dividend payout ratio (DPR) is presently 66.07%.

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.