WesBanco (NASDAQ:WSBC) Rating Reiterated by Stephens

WesBanco (NASDAQ:WSBC)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Stephens in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $30.00 target price on the financial services provider’s stock. Stephens’ price target would suggest a potential upside of 8.07% from the stock’s current price.

WSBC has been the subject of several other reports. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 price target on shares of WesBanco in a report on Tuesday, April 9th. Raymond James raised shares of WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.67.

WesBanco Stock Performance

NASDAQ WSBC opened at $27.76 on Wednesday. The company’s fifty day moving average is $28.64 and its two-hundred day moving average is $28.23. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 11.57 and a beta of 0.86. WesBanco has a 52-week low of $19.84 and a 52-week high of $32.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. The company had revenue of $225.96 million during the quarter, compared to the consensus estimate of $147.81 million. WesBanco had a net margin of 17.52% and a return on equity of 6.54%. During the same period last year, the firm earned $0.71 EPS. Equities research analysts forecast that WesBanco will post 2.27 EPS for the current year.

Hedge Funds Weigh In On WesBanco

Institutional investors have recently modified their holdings of the business. Raymond James Trust N.A. acquired a new position in shares of WesBanco during the 4th quarter worth $1,196,000. International Assets Investment Management LLC raised its holdings in shares of WesBanco by 3,037.0% during the 4th quarter. International Assets Investment Management LLC now owns 102,549 shares of the financial services provider’s stock worth $3,269,000 after buying an additional 99,280 shares in the last quarter. Denali Advisors LLC acquired a new position in shares of WesBanco during the 3rd quarter worth $357,000. Charles Schwab Investment Management Inc. raised its holdings in shares of WesBanco by 16.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 762,966 shares of the financial services provider’s stock worth $18,632,000 after buying an additional 106,300 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of WesBanco by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,979,494 shares of the financial services provider’s stock worth $146,019,000 after buying an additional 71,928 shares in the last quarter. 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.