WesBanco Given New $28.00 Price Target at Janney Montgomery Scott (WSBC)

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Equities researchers at Janney Montgomery Scott upped their price objective on shares of WesBanco (NASDAQ: WSBC) from $27.00 to $28.00 in a research report issued on Monday, StockRatingsNetwork.com reports. Janney Montgomery Scott’s price target would indicate a potential upside of 11.78% from the stock’s previous close.

Shares of WesBanco (NASDAQ: WSBC) traded down 1.25% during mid-day trading on Monday, hitting $25.36. WesBanco has a 52 week low of $19.70 and a 52 week high of $24.85. The stock’s 50-day moving average is currently $23.76. The company has a market cap of $740.9 million and a P/E ratio of 13.20.

WSBC has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of WesBanco from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, April 29th. They now have a $26.10 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of WesBanco from $25.00 to $26.00 in a research note to investors on Friday, April 26th. They now have a “market perform” rating on the stock.

The company also recently announced a quarterly dividend, which is scheduled for Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Wednesday, June 12th.

WesBanco, Inc. (NASDAQ: WSBC) is a bank holding company.

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