WesBanco, Inc. (NASDAQ:WSBC) Receives $40.83 Average Price Target from Brokerages

Shares of WesBanco, Inc. (NASDAQ:WSBC) have received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $40.83.

A number of brokerages have recently commented on WSBC. DA Davidson lifted their target price on WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, January 27th. StockNews.com raised WesBanco from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Stephens reissued an “equal weight” rating and set a $39.00 price target on shares of WesBanco in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised WesBanco from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $40.00 to $44.00 in a research note on Monday, February 10th. Finally, Raymond James raised WesBanco from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $35.00 to $44.00 in a research note on Friday, December 6th.

WesBanco Price Performance

Shares of WesBanco stock opened at $35.41 on Tuesday. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 15.81 and a beta of 0.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50 day moving average price of $33.80 and a 200-day moving average price of $32.70. WesBanco has a one year low of $25.56 and a one year high of $37.36.

WesBanco (NASDAQ:WSBC) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. Equities analysts expect that WesBanco will post 3.24 EPS for the current year.

Institutional Investors Weigh In On WesBanco

A number of institutional investors and hedge funds have recently bought and sold shares of WSBC. Wellington Management Group LLP bought a new stake in WesBanco during the 3rd quarter valued at $116,114,000. Vanguard Group Inc. raised its position in shares of WesBanco by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 6,710,539 shares of the financial services provider’s stock worth $218,361,000 after acquiring an additional 705,483 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of WesBanco in the 3rd quarter worth $12,333,000. Earnest Partners LLC raised its position in shares of WesBanco by 27.1% in the 4th quarter. Earnest Partners LLC now owns 1,777,002 shares of the financial services provider’s stock worth $57,824,000 after acquiring an additional 379,386 shares in the last quarter. Finally, F M Investments LLC bought a new position in shares of WesBanco in the 3rd quarter worth $7,726,000. 61.41% of the stock is owned by institutional investors.

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.