WesBanco (NASDAQ:WSBC) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday, May 11th.
A number of other equities analysts also recently weighed in on WSBC. Zacks Investment Research downgraded shares of WesBanco from a “hold” rating to a “sell” rating in a research note on Friday, March 30th. BidaskClub downgraded shares of WesBanco from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a research note on Wednesday, January 24th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $43.60.
Shares of WesBanco opened at $46.59 on Friday, MarketBeat.com reports. WesBanco has a fifty-two week low of $45.62 and a fifty-two week high of $45.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 1.53 and a beta of 0.88.
WesBanco (NASDAQ:WSBC) last issued its earnings results on Tuesday, April 17th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $97.27 million for the quarter, compared to analyst estimates of $96.77 million. WesBanco had a net margin of 23.81% and a return on equity of 8.29%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. equities analysts anticipate that WesBanco will post 2.99 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Sei Investments Co. increased its position in shares of WesBanco by 2,054.2% during the first quarter. Sei Investments Co. now owns 2,542 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 2,424 shares in the last quarter. Denver Investment Advisors LLC bought a new stake in shares of WesBanco during the first quarter worth about $204,000. Connable Office Inc. bought a new stake in shares of WesBanco during the first quarter worth about $224,000. SG Americas Securities LLC bought a new stake in shares of WesBanco during the first quarter worth about $237,000. Finally, GW&K Investment Management LLC bought a new stake in shares of WesBanco during the first quarter worth about $247,000. 58.39% of the stock is owned by institutional investors.
WesBanco Company Profile
WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.
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