WesBanco (NASDAQ:WSBC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.
Several other research analysts have also issued reports on WSBC. Zacks Investment Research upgraded WesBanco from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Saturday, January 6th. Boenning Scattergood reiterated a “hold” rating on shares of WesBanco in a research note on Wednesday, January 24th. B. Riley set a $40.00 price objective on WesBanco and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Finally, DA Davidson set a $48.00 price objective on WesBanco and gave the stock a “buy” rating in a research note on Thursday, December 21st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $43.00.
WesBanco (WSBC) traded down $0.47 during trading on Wednesday, reaching $43.72. The company’s stock had a trading volume of 19,242 shares, compared to its average volume of 111,928. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. WesBanco has a 1 year low of $34.81 and a 1 year high of $44.60. The firm has a market capitalization of $1,954.65, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.52 and a beta of 0.92.
In other news, Director F Eric Nelson, Jr. sold 12,500 shares of the firm’s stock in a transaction 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 in the company, valued at $1,249,897.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Denise H. Knouse-Snyder bought 1,575 shares of the stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $41.44 per share, with a total value of $65,268.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $82,880. The disclosure for this purchase can be found here. Company insiders own 4.05% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in WesBanco by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,502,925 shares of the financial services provider’s stock valued at $138,505,000 after buying an additional 41,522 shares during the last quarter. Dimensional Fund Advisors LP raised its position in WesBanco by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,477,995 shares of the financial services provider’s stock valued at $142,667,000 after buying an additional 48,481 shares during the last quarter. Finally, BlackRock Inc. raised its position in WesBanco by 2.3% in the 4th quarter. BlackRock Inc. now owns 2,813,716 shares of the financial services provider’s stock valued at $114,377,000 after buying an additional 64,509 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.
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.
Receive News & Ratings for WesBanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WesBanco and related companies with MarketBeat.com's FREE daily email newsletter.