WesBanco (WSBC) PT Set at $45.00 by B. Riley

B. Riley set a $45.00 target price on WesBanco (NASDAQ:WSBC) in a report issued on Friday. The brokerage currently has a hold rating on the financial services provider’s stock. B. Riley also issued estimates for WesBanco’s Q4 2018 earnings at $0.81 EPS, FY2018 earnings at $3.19 EPS, Q1 2019 earnings at $0.78 EPS, Q4 2019 earnings at $0.83 EPS, Q2 2020 earnings at $0.83 EPS, Q3 2020 earnings at $0.86 EPS and FY2020 earnings at $3.35 EPS.

Several other research firms have also issued reports on WSBC. BidaskClub raised shares of WesBanco from a hold rating to a buy rating in a research report on Wednesday, August 15th. Zacks Investment Research raised shares of WesBanco from a hold rating to a buy rating and set a $54.00 price objective for the company in a research report on Thursday, July 26th. Keefe, Bruyette & Woods reissued a hold rating and issued a $48.00 price objective on shares of WesBanco in a research report on Wednesday, July 25th. ValuEngine raised shares of WesBanco from a hold rating to a buy rating in a research report on Friday, July 20th. Finally, Boenning Scattergood reissued a hold rating on shares of WesBanco in a research report on Friday, September 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. WesBanco has an average rating of Hold and an average target price of $48.75.

Shares of WSBC stock opened at $41.23 on Friday. WesBanco has a one year low of $37.29 and a one year high of $51.12. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.92 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.30 and a beta of 1.00.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.14). WesBanco had a return on equity of 9.80% and a net margin of 24.22%. The business had revenue of $116.16 million during the quarter, compared to analyst estimates of $109.07 million. During the same period in the previous year, the company earned $0.60 EPS. Research analysts anticipate that WesBanco will post 3.16 EPS for the current year.

In related news, EVP Brent E. Richmond sold 4,006 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $45.60, for a total transaction of $182,673.60. Following the completion of the sale, the executive vice president now directly owns 19,635 shares of the company’s stock, valued at approximately $895,356. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anthony F. Pietranton sold 6,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $50.90, for a total transaction of $305,400.00. Following the sale, the executive vice president now directly owns 12,957 shares of the company’s stock, valued at $659,511.30. The disclosure for this sale can be found here. Insiders sold 15,256 shares of company stock valued at $752,709 in the last three months. Company insiders own 4.14% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in WesBanco by 5.0% during the 1st quarter. JPMorgan Chase & Co. now owns 25,369 shares of the financial services provider’s stock valued at $1,074,000 after purchasing an additional 1,206 shares in the last quarter. Security National Trust Co. grew its holdings in WesBanco by 5.5% during the 3rd quarter. Security National Trust Co. now owns 24,487 shares of the financial services provider’s stock valued at $1,091,000 after purchasing an additional 1,275 shares in the last quarter. Victory Capital Management Inc. grew its holdings in WesBanco by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 10,372 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 1,423 shares in the last quarter. Bank of America Corp DE grew its holdings in WesBanco by 0.5% during the 2nd quarter. Bank of America Corp DE now owns 461,186 shares of the financial services provider’s stock valued at $20,772,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in WesBanco by 2,054.2% during the 1st quarter. Sei Investments Co. now owns 2,542 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 2,424 shares in the last quarter. 59.62% of the stock is owned by institutional investors and hedge funds.

WesBanco Company Profile

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

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