WesBanco Inc (WSBC) Given Average Recommendation of “Hold” by Analysts
Shares of WesBanco Inc (NASDAQ:WSBC) have received an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $42.00.
Several equities analysts recently issued reports on the company. BidaskClub cut WesBanco from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Zacks Investment Research upgraded WesBanco from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $41.00 price target on shares of WesBanco in a report on Tuesday, October 3rd. Sandler O’Neill cut WesBanco from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of WesBanco in a report on Tuesday, November 14th.
Institutional investors and hedge funds have recently modified their holdings of the business. Eaton Vance Management bought a new position in WesBanco during the second quarter worth about $9,783,000. HPM Partners LLC boosted its holdings in WesBanco by 1,540.0% during the second quarter. HPM Partners LLC now owns 127,987 shares of the financial services provider’s stock worth $7,092,000 after buying an additional 120,183 shares during the last quarter. Earnest Partners LLC boosted its holdings in WesBanco by 0.8% during the second quarter. Earnest Partners LLC now owns 1,509,418 shares of the financial services provider’s stock worth $59,682,000 after buying an additional 11,643 shares during the last quarter. Deprince Race & Zollo Inc. boosted its holdings in WesBanco by 1.1% during the third quarter. Deprince Race & Zollo Inc. now owns 632,741 shares of the financial services provider’s stock worth $25,955,000 after buying an additional 7,149 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in WesBanco by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 187,975 shares of the financial services provider’s stock worth $7,433,000 after buying an additional 7,113 shares during the last quarter. Hedge funds and other institutional investors own 59.11% of the company’s stock.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The firm had revenue of $95.15 million during 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 7.66%. During the same quarter in the prior year, the business earned $0.60 EPS. equities analysts forecast that WesBanco will post 2.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, December 7th. WesBanco’s dividend payout ratio (DPR) is currently 44.44%.
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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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