WesBanco, Inc. (NASDAQ:WSBC) has been assigned a $40.00 target price by equities researchers at B. Riley in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the financial services provider’s stock. B. Riley’s price target would suggest a potential upside of 2.77% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut WesBanco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Sandler O’Neill cut WesBanco from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Boenning Scattergood reiterated a “hold” rating on shares of WesBanco in a research report on Friday, October 20th. DA Davidson set a $47.00 price target on WesBanco and gave the stock a “buy” rating in a research report on Friday, October 20th. They noted that the move was a valuation call. Finally, FBR & Co set a $40.00 price target on WesBanco and gave the stock a “hold” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. WesBanco has an average rating of “Hold” and a consensus target price of $41.60.

Shares of WesBanco (NASDAQ WSBC) opened at $38.92 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $1,710.69, a P/E ratio of 16.25, a PEG ratio of 1.60 and a beta of 1.00. WesBanco has a 1 year low of $34.81 and a 1 year high of $44.19.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The company had revenue of $95.15 million for the quarter, compared to analyst estimates of $98.37 million. WesBanco had a return on equity of 7.66% and a net margin of 24.73%. During the same quarter in the previous year, the company posted $0.60 earnings per share. research analysts predict that WesBanco will post 2.42 earnings per share for the current fiscal year.

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In related news, EVP Brent E. Richmond sold 1,440 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $36.83, for a total value of $53,035.20. Following the sale, the executive vice president now directly owns 22,701 shares in the company, valued at approximately $836,077.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.05% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. boosted its stake in WesBanco by 14.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 25,440 shares of the financial services provider’s stock valued at $970,000 after purchasing an additional 3,267 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in WesBanco by 32.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 36,064 shares of the financial services provider’s stock valued at $1,374,000 after purchasing an additional 8,739 shares in the last quarter. FMR LLC boosted its stake in WesBanco by 27.1% during the 1st quarter. FMR LLC now owns 377,900 shares of the financial services provider’s stock valued at $14,402,000 after purchasing an additional 80,600 shares in the last quarter. Teachers Advisors LLC boosted its stake in WesBanco by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 70,979 shares of the financial services provider’s stock valued at $2,705,000 after purchasing an additional 1,797 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in WesBanco by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,461,403 shares of the financial services provider’s stock valued at $131,915,000 after purchasing an additional 152,785 shares in the last quarter. Hedge funds and other institutional investors own 57.98% of the company’s stock.

About WesBanco

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.

Analyst Recommendations for WesBanco (NASDAQ:WSBC)

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