WesBanco (NASDAQ:WSBC) Rating Reiterated by Stephens

Stephens reissued their equal weight rating on shares of WesBanco (NASDAQ:WSBC) in a research report report published on Wednesday morning, Benzinga reports. Stephens currently has a $30.00 price objective on the financial services provider’s stock.

WSBC has been the subject of several other research reports. Royal Bank of Canada reiterated a sector perform rating and set a $32.00 price objective on shares of WesBanco in a report on Tuesday, April 9th. Raymond James upgraded WesBanco from a market perform rating to an outperform rating and set a $34.00 target price for the company in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $30.60.

WesBanco Stock Down 0.9 %

Shares of NASDAQ WSBC opened at $27.52 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.63 billion, a PE ratio of 11.47 and a beta of 0.86. The stock’s fifty day simple moving average is $28.57 and its two-hundred day simple moving average is $28.27. WesBanco has a 12-month low of $19.84 and a 12-month high of $32.20.

WesBanco (NASDAQ:WSBC) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. WesBanco had a return on equity of 6.54% and a net margin of 17.52%. The business had revenue of $225.96 million for the quarter, compared to analysts’ expectations of $147.81 million. During the same quarter last year, the firm earned $0.71 EPS. As a group, analysts expect that WesBanco will post 2.25 EPS for the current fiscal year.

WesBanco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date was Thursday, March 7th. WesBanco’s dividend payout ratio (DPR) is presently 60.00%.

Institutional Investors Weigh In On WesBanco

A number of institutional investors have recently modified their holdings of the business. DiNuzzo Private Wealth Inc. acquired a new stake in WesBanco in the 4th quarter worth about $31,000. Principal Securities Inc. purchased a new stake in WesBanco during the 4th quarter worth approximately $43,000. Sound Income Strategies LLC increased its stake in WesBanco by 2,688.7% during the 4th quarter. Sound Income Strategies LLC now owns 1,478 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,425 shares in the last quarter. EMC Capital Management purchased a new stake in WesBanco during the 3rd quarter worth approximately $51,000. Finally, TFO Wealth Partners LLC increased its stake in WesBanco by 26,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,156 shares of the financial services provider’s stock worth $99,000 after buying an additional 3,144 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Company Profile

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.