WesBanco, Inc. (NASDAQ: WSBC) Receives Average ‘Hold’ Analyst Recommendation
Shares of WesBanco, Inc. (NASDAQ: WSBC) have received a consensus recommendation to “hold” by the six rating companies that cover the company, reports Marketbeat Ratings. Six analysts rated the stock with a conservation recommendation. The 12-month average target price among analysts who issued ratings on the stock in the past year is $ 39.
A number of analysts have weighed in on WSBC stocks recently. Zacks investment research Reduces WesBanco’s shares from a “buy” rating to a “keep” rating in a report released on Tuesday, October 5. Boenning Scattergood reaffirmed a “neutral” rating on WesBanco shares in a report released Wednesday (September 29th). Finally, the Royal Bank of Canada increased its price target on the WesBanco stock from $ 36.00 to $ 38.00 and assigned the stock a “sector performance” rating in a report released on Wednesday, September 29. .
Separately, director James W. Cornelsen sold 30,907 shares of the company in a transaction dated Tuesday, November 23. The shares were sold at an average price of $ 35.56, for a total trade of $ 1,099,052.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.13% of the shares are currently held by insiders of the company.
Major investors have recently bought and sold shares in the company. Nisa Investment Advisors LLC purchased a new position in WesBanco shares during the 2nd quarter valued at approximately $ 36,000. Evermay Wealth Management LLC acquired a new position in WesBanco shares in the second quarter valued at approximately $ 36,000. Federated Hermes Inc. acquired a new position in WesBanco shares in the second quarter valued at approximately $ 38,000. Captrust Financial Advisors acquired a new position in WesBanco shares in the first quarter valued at approximately $ 51,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in WesBanco shares in the third quarter valued at approximately $ 54,000. Institutional investors hold 62.19% of the shares of the company.
NASDAQ: WSBC shares opened at $ 34.27 on Friday. The stock has a market cap of $ 2.17 billion, a price-to-earnings ratio of 9.93 and a beta of 1.05. WesBanco has a one-year low at $ 28.25 and a one-year high at $ 39.87. The company’s fifty-day moving average is $ 35.41 and its two hundred-day moving average is $ 35.01. The company has a debt to equity ratio of 0.15, a quick ratio of 0.83, and a current ratio of 0.81.
WesBanco (NASDAQ: WSBC) last released its results on Tuesday, October 26. The financial services provider reported earnings per share of $ 0.70 for the quarter, missing Zacks’ consensus estimate of $ 0.77 of ($ 0.07). The company posted revenue of $ 148.03 million for the quarter, compared to analysts’ estimates of $ 146.23 million. WesBanco had a return on equity of 9.23% and a net margin of 37.95%. The company’s revenue for the quarter was down 4.6% year-over-year. During the same period last year, the company posted earnings per share of $ 0.66. Sell-side analysts expect WesBanco to post 3.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 3. Shareholders of record on Friday, December 10 will receive a dividend of $ 0.33 per share. The ex-dividend date is Thursday, December 9. This represents an annualized dividend of $ 1.32 and a return of 3.85%. WesBanco’s payout ratio is 38.26%.
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking and Trust and Investment Services. The community banking segment provides services traditionally offered by commercial banking services, including sight, sight and term commercial accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.
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