WesBanco, Inc. (NASDAQ:WSBC – Get Free Report) has earned an average recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.00.
WSBC has been the topic of several recent analyst reports. Stephens initiated coverage on WesBanco in a research report on Monday, April 3rd. They set an “equal weight” rating and a $28.00 price objective on the stock. StockNews.com initiated coverage on WesBanco in a research report on Thursday, May 18th. They set a “sell” rating on the stock. Royal Bank of Canada dropped their price objective on WesBanco from $36.00 to $32.00 in a research report on Wednesday, April 26th. DA Davidson lowered their target price on WesBanco from $38.00 to $31.00 in a report on Wednesday, April 26th. Finally, Piper Sandler lowered their target price on WesBanco from $34.00 to $29.00 in a report on Monday, May 1st.
WesBanco Trading Down 0.0 %
NASDAQ WSBC opened at $25.71 on Wednesday. WesBanco has a 12 month low of $19.84 and a 12 month high of $41.37. The stock has a market cap of $1.52 billion, a P/E ratio of 8.49 and a beta of 0.91. The stock’s fifty day moving average price is $24.87 and its 200-day moving average price is $30.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.67.
WesBanco (NASDAQ:WSBC – Get Free Report) last released its earnings results on Monday, April 24th. The financial services provider reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.06). WesBanco had a return on equity of 8.40% and a net margin of 28.13%. The company had revenue of $151.99 million during the quarter, compared to analysts’ expectations of $157.27 million. During the same period in the prior year, the company posted $0.70 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts forecast that WesBanco will post 2.7 EPS for the current fiscal year.
WesBanco Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Saturday, July 1st. Stockholders of record on Friday, June 9th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend was Thursday, June 8th. WesBanco’s dividend payout ratio (DPR) is currently 46.20%.
Insider Transactions at WesBanco
In related news, Director Robert J. Fitzsimmons acquired 15,500 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were purchased at an average price of $23.10 per share, with a total value of $358,050.00. Following the completion of the purchase, the director now directly owns 46,908 shares of the company’s stock, valued at $1,083,574.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Robert J. Fitzsimmons acquired 15,500 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were purchased at an average price of $23.10 per share, with a total value of $358,050.00. Following the completion of the purchase, the director now directly owns 46,908 shares of the company’s stock, valued at $1,083,574.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey H. Jackson acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was bought at an average cost of $22.34 per share, for a total transaction of $111,700.00. Following the purchase, the chief operating officer now directly owns 17,627 shares of the company’s stock, valued at $393,787.18. The disclosure for this purchase can be found here. Insiders have purchased 25,500 shares of company stock valued at $603,155 over the last quarter. 3.07% of the stock is currently owned by company insiders.
Institutional Trading of WesBanco
Several institutional investors and hedge funds have recently added to or reduced their stakes in WSBC. Independence Bank of Kentucky bought a new stake in WesBanco during the 1st quarter valued at approximately $29,000. Quarry LP bought a new stake in WesBanco during the 1st quarter valued at approximately $35,000. Ancora Advisors LLC bought a new stake in WesBanco during the 1st quarter valued at approximately $43,000. Resurgent Financial Advisors LLC bought a new stake in WesBanco during the 4th quarter valued at approximately $50,000. Finally, Tower Research Capital LLC TRC raised its stake in WesBanco by 552.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,625 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 1,376 shares during the period. Institutional investors own 57.96% of the company’s stock.
About WesBanco
(Get Free Report
WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. The company operates in two segments, Community Banking, and Trust and Investment Services. It offers commercial demand, individual demand, and time deposit accounts; commercial, mortgage and individual installment loans; retail loans, such as residential real estate mortgage loans, home equity lines of credit, and loans for other consumer purposes; installment loans to finance the purchase of automobiles, trucks, motorcycles, boats, and other recreational vehicles, as well as home equity installment loans, unsecured home improvement loans, and revolving lines of credit; and various non-traditional offerings, such as insurance and securities brokerage services.
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