WesBanco Inc (WSBC) Receives Consensus Recommendation of “Hold” from Analysts

WesBanco Inc (NASDAQ:WSBC) has been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $43.00.

A number of analysts have weighed in on WSBC shares. Zacks Investment Research raised WesBanco from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Wednesday, December 27th. DA Davidson set a $48.00 price objective on WesBanco and gave the stock a “buy” rating in a research report on Thursday, December 21st. Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a research report on Tuesday, January 2nd. Sandler O’Neill cut WesBanco from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Finally, FBR & Co set a $40.00 price objective on WesBanco and gave the stock a “hold” rating in a research report on Friday, October 20th.

Shares of WesBanco (NASDAQ:WSBC) opened at $41.56 on Friday. WesBanco has a 1 year low of $34.81 and a 1 year high of $43.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $1,806.21 and a P/E ratio of 19.33.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. WesBanco had a return on equity of 7.83% and a net margin of 22.43%. The company had revenue of $96.12 million during the quarter, compared to analysts’ expectations of $98.48 million. During the same period last year, the firm earned $0.59 EPS. equities analysts predict that WesBanco will post 2.92 earnings per share for the current fiscal year.

In other news, Director F Eric Nelson, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $42.06, for a total value of $525,750.00. Following the completion of the sale, the director now directly owns 29,717 shares of the company’s stock, valued at approximately $1,249,897.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Denise H. Knouse-Snyder purchased 1,575 shares of WesBanco stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $41.44 per share, with a total value of $65,268.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $82,880. The disclosure for this purchase can be found here. 4.05% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of WSBC. Ameritas Investment Partners Inc. lifted its holdings in shares of WesBanco by 6.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,697 shares of the financial services provider’s stock valued at $146,000 after buying an additional 229 shares during the period. Amalgamated Bank acquired a new stake in shares of WesBanco in the 2nd quarter valued at approximately $211,000. Stifel Financial Corp acquired a new stake in shares of WesBanco in the 3rd quarter valued at approximately $220,000. Susquehanna International Group LLP acquired a new stake in shares of WesBanco in the 2nd quarter valued at approximately $236,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of WesBanco by 4.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,052 shares of the financial services provider’s stock valued at $239,000 after buying an additional 269 shares during the period. 59.24% of the stock is owned by institutional investors and hedge funds.

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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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