WesBanco, Inc. (WSBC) Given a $40.00 Price Target by FBR & Co Analysts
WesBanco, Inc. (NASDAQ:WSBC) received a $40.00 price target from research analysts at FBR & Co in a report released on Friday. The brokerage presently has a “hold” rating on the financial services provider’s stock. FBR & Co’s target price points to a potential downside of 1.01% from the company’s current price. FBR & Co also issued estimates for WesBanco’s Q4 2017 earnings at $0.61 EPS, FY2017 earnings at $2.40 EPS, Q1 2018 earnings at $0.60 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.63 EPS, FY2018 earnings at $2.45 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.66 EPS and FY2019 earnings at $2.60 EPS.
Several other equities analysts also recently commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $41.00 price target on shares of WesBanco in a report on Tuesday, October 3rd. Zacks Investment Research downgraded WesBanco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, BidaskClub upgraded WesBanco from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.
WesBanco (NASDAQ:WSBC) traded down 2.39% during midday trading on Friday, reaching $40.41. 145,390 shares of the company’s stock traded hands. WesBanco has a 52 week low of $32.06 and a 52 week high of $44.19. The company’s 50-day moving average price is $39.92 and its 200 day moving average price is $38.89. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 18.46 and a beta of 0.96.
WesBanco (NASDAQ:WSBC) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The business had revenue of $95.15 million for the quarter, compared to the consensus estimate of $98.37 million. WesBanco had a net margin of 24.73% and a return on equity of 7.71%. During the same period in the previous year, the business posted $0.60 EPS. On average, equities research analysts expect that WesBanco will post $2.43 earnings per share for the current year.
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In other news, EVP Brent E. Richmond sold 1,440 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $36.83, for a total value of $53,035.20. Following the sale, the executive vice president now owns 22,701 shares in the company, valued at $836,077.83. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.05% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of WesBanco by 1.2% in the second quarter. Vanguard Group Inc. now owns 3,502,925 shares of the financial services provider’s stock worth $138,505,000 after acquiring an additional 41,522 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of WesBanco by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,429,514 shares of the financial services provider’s stock worth $135,604,000 after acquiring an additional 107,161 shares during the last quarter. BlackRock Inc. grew its stake in shares of WesBanco by 1.8% in the second quarter. BlackRock Inc. now owns 2,700,401 shares of the financial services provider’s stock worth $106,773,000 after acquiring an additional 46,799 shares during the last quarter. Earnest Partners LLC grew its stake in shares of WesBanco by 0.8% in the second quarter. Earnest Partners LLC now owns 1,509,418 shares of the financial services provider’s stock worth $59,682,000 after acquiring an additional 11,643 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of WesBanco by 2.2% in the first quarter. Macquarie Group Ltd. now owns 1,373,968 shares of the financial services provider’s stock worth $52,362,000 after acquiring an additional 30,212 shares during the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.
WesBanco Company Profile
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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