WesBanco (NASDAQ:WSBC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, March 14th.
WSBC has been the topic of a number of other reports. Zacks Investment Research upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. B. Riley set a $40.00 price target on shares of WesBanco and gave the company a “hold” rating in a report on Tuesday, November 14th. Boenning Scattergood reissued a “hold” rating on shares of WesBanco in a report on Wednesday, January 24th. Finally, DA Davidson set a $48.00 price target on shares of WesBanco and gave the company a “buy” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, six have assigned 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 stock traded down $0.71 during trading hours on Wednesday, hitting $42.25. The company had a trading volume of 112,462 shares, compared to its average volume of 121,195. WesBanco has a fifty-two week low of $35.49 and a fifty-two week high of $44.78. The firm has a market cap of $1,861.37, a PE ratio of 17.24, a P/E/G ratio of 1.46 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.89 and a current ratio of 0.89.
WesBanco (NASDAQ:WSBC) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. WesBanco had a net margin of 22.43% and a return on equity of 7.81%. The company had revenue of $96.12 million for the quarter, compared to analyst estimates of $98.48 million. During the same quarter in the prior year, the business posted $0.59 EPS. equities analysts anticipate that WesBanco will post 2.9 EPS for the current fiscal year.
In other WesBanco news, Director Denise H. Knouse-Snyder acquired 1,575 shares of WesBanco stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $41.44 per share, with a total value of $65,268.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $82,880. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.14% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp bought a new position in WesBanco during the 3rd quarter valued at about $220,000. Xact Kapitalforvaltning AB bought a new position in WesBanco during the 4th quarter valued at about $248,000. Millennium Management LLC bought a new position in WesBanco during the 4th quarter valued at about $346,000. Cornerstone Financial Partners LLC bought a new position in WesBanco during the 4th quarter valued at about $379,000. Finally, SG Americas Securities LLC lifted its holdings in WesBanco by 274.9% during the 3rd quarter. SG Americas Securities LLC now owns 9,504 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 6,969 shares during the last quarter. 61.37% of the stock is owned by hedge funds and other institutional investors.
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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.
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