WesBanco’s (WSBC) Equal Weight Rating Reiterated at Stephens

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

A number of other equities research analysts have also issued reports on WSBC. Royal Bank of Canada reissued a sector perform rating and set a $32.00 target price on shares of WesBanco in a research note on Tuesday, April 9th. Raymond James raised shares of 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $30.60.

WesBanco Trading Down 0.9 %

Shares of NASDAQ:WSBC opened at $27.52 on Wednesday. The firm has a fifty day moving average of $28.60 and a two-hundred day moving average of $28.22. The firm has a market capitalization of $1.63 billion, a P/E ratio of 11.47 and a beta of 0.86. WesBanco has a 12-month low of $19.84 and a 12-month high of $32.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68.

WesBanco (NASDAQ:WSBC) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.56. The company had revenue of $225.96 million during the quarter, compared to analyst estimates of $147.81 million. WesBanco had a net margin of 17.52% and a return on equity of 6.54%. During the same quarter last year, the business posted $0.71 EPS. On average, equities analysts expect that WesBanco will post 2.27 EPS for the current fiscal year.

WesBanco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend was Thursday, March 7th. WesBanco’s payout ratio is presently 60.00%.

Institutional Investors Weigh In On WesBanco

Several institutional investors and hedge funds have recently modified their holdings of WSBC. Vanguard Group Inc. raised its holdings in WesBanco by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,979,494 shares of the financial services provider’s stock worth $146,019,000 after acquiring an additional 71,928 shares during the period. Wesbanco Bank Inc. raised its holdings in WesBanco by 2.4% in the 1st quarter. Wesbanco Bank Inc. now owns 1,681,782 shares of the financial services provider’s stock worth $50,134,000 after acquiring an additional 39,808 shares during the period. Earnest Partners LLC raised its holdings in WesBanco by 10.5% in the 3rd quarter. Earnest Partners LLC now owns 1,484,752 shares of the financial services provider’s stock worth $36,258,000 after acquiring an additional 140,870 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in WesBanco by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 811,270 shares of the financial services provider’s stock worth $25,450,000 after acquiring an additional 48,304 shares during the period. Finally, FMR LLC raised its holdings in WesBanco by 3,621.1% in the 3rd quarter. FMR LLC now owns 510,682 shares of the financial services provider’s stock worth $12,471,000 after acquiring an additional 496,958 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.

About WesBanco

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.