BidaskClub upgraded shares of WesBanco (NASDAQ:WSBC) from a strong sell rating to a sell rating in a report published on Monday.

WSBC has been the topic of a number of other research reports. Sandler O’Neill cut WesBanco from a buy rating to a hold rating in a research report on Friday, October 20th. Zacks Investment Research raised WesBanco from a sell rating to a hold rating in a research note on Thursday, November 16th. B. Riley set a $40.00 price objective on WesBanco and gave the company a hold rating in a research note on Tuesday, November 14th. Boenning Scattergood reaffirmed a hold rating on shares of WesBanco in a research note on Tuesday, November 14th. Finally, FBR & Co set a $40.00 price objective on WesBanco and gave the company a hold rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. WesBanco has an average rating of Hold and an average price target of $43.00.

WesBanco (NASDAQ WSBC) opened at $41.52 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.89 and a quick ratio of 0.89. WesBanco has a 12-month low of $34.81 and a 12-month high of $43.25. The company has a market capitalization of $1,830.00, a price-to-earnings ratio of 19.40, a P/E/G ratio of 1.38 and a beta of 0.96.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $98.48 million. During the same quarter last year, the business earned $0.59 earnings per share. analysts expect that WesBanco will post 2.92 EPS for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its stake in shares of WesBanco by 6.6% during the second quarter. Ameritas Investment Partners Inc. now owns 3,697 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 229 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of WesBanco by 4.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,052 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 269 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of WesBanco by 4.7% during the second quarter. The Manufacturers Life Insurance Company now owns 32,856 shares of the financial services provider’s stock valued at $1,300,000 after purchasing an additional 1,477 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of WesBanco by 10.6% during the second quarter. Voya Investment Management LLC now owns 18,362 shares of the financial services provider’s stock valued at $726,000 after purchasing an additional 1,756 shares in the last quarter. Finally, American International Group Inc. boosted its stake in shares of WesBanco by 8.1% during the third quarter. American International Group Inc. now owns 28,235 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 2,111 shares in the last quarter. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

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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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