Shares of WesBanco Inc. (NASDAQ:WSBC) have been assigned an average broker rating score of 3.00 (Hold) from the four analysts that cover the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation. WesBanco’s rating score has declined by 15.4% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus price objective of $32.00 for the company and are forecasting that the company will post $0.57 earnings per share for the current quarter, according to Zacks. Zacks has also assigned WesBanco an industry rank of 85 out of 265 based on the ratings given to its competitors.
WSBC has been the topic of a number of analyst reports. Zacks Investment Research upgraded WesBanco from a “sell” rating to a “hold” rating in a research note on Saturday, September 17th. FBR & Co set a $32.00 target price on WesBanco and gave the stock a “hold” rating in a research report on Thursday, July 21st.
In related news, Director Charlotte A. Zuschlag sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $32.26, for a total transaction of $41,938.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charlotte A. Zuschlag sold 7,900 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $32.39, for a total value of $255,881.00. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in WesBanco by 77.5% in the second quarter. Victory Capital Management Inc. now owns 4,071 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,778 shares in the last quarter. Teacher Retirement System of Texas raised its position in WesBanco by 26.8% in the second quarter. Teacher Retirement System of Texas now owns 5,385 shares of the financial services provider’s stock worth $167,000 after buying an additional 1,137 shares in the last quarter. Strs Ohio raised its position in WesBanco by 1,325.0% in the second quarter. Strs Ohio now owns 5,700 shares of the financial services provider’s stock worth $176,000 after buying an additional 5,300 shares in the last quarter. Walleye Trading LLC bought a new position in WesBanco during the second quarter worth about $191,000. Finally, KCG Holdings Inc. bought a new position in WesBanco during the second quarter worth about $206,000. 52.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WesBanco (NASDAQ:WSBC) traded up 0.84% during mid-day trading on Tuesday, reaching $32.50. The company had a trading volume of 32,061 shares. WesBanco has a 52 week low of $26.93 and a 52 week high of $34.32. The stock has a 50 day moving average of $32.15 and a 200-day moving average of $31.35. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 13.87 and a beta of 0.93.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. WesBanco had a return on equity of 7.99% and a net margin of 26.00%. On average, analysts expect that WesBanco will post $2.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Wednesday, September 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Monday, September 12th. WesBanco’s dividend payout ratio (DPR) is currently 40.68%.
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 by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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