Stephens Trims WesBanco (NASDAQ:WSBC) Target Price to $27.00

WesBanco (NASDAQ:WSBC) had its target price lowered by research analysts at Stephens from $30.00 to $27.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Stephens’ target price suggests a potential downside of 1.89% from the company’s previous close.

WSBC has been the subject of a number of other research reports. Hovde Group decreased their price objective on shares of WesBanco from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday. Raymond James upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research report on Friday, January 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price target on shares of WesBanco in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, WesBanco has a consensus rating of “Hold” and an average target price of $30.60.

WesBanco Trading Down 0.9 %

Shares of WesBanco stock opened at $27.52 on Thursday. The firm has a 50-day simple moving average of $28.60 and a two-hundred day simple moving average of $28.22. The company has a market cap of $1.63 billion, a P/E ratio of 11.47 and a beta of 0.86. WesBanco has a fifty-two week low of $19.84 and a fifty-two week high of $32.20. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.56. The business 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 quarter in the prior year, the firm posted $0.71 earnings per share. As a group, equities analysts predict that WesBanco will post 2.27 earnings per share for the current fiscal year.

Institutional Trading of WesBanco

Hedge funds have recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. acquired a new stake in WesBanco in the 4th quarter valued at about $31,000. Principal Securities Inc. acquired a new stake in WesBanco in the 4th quarter valued at about $43,000. Sound Income Strategies LLC raised its holdings in WesBanco by 2,688.7% in the 4th quarter. Sound Income Strategies LLC now owns 1,478 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,425 shares during the last quarter. EMC Capital Management acquired a new stake in WesBanco in the 3rd quarter valued at about $51,000. Finally, TFO Wealth Partners LLC raised its holdings in WesBanco by 26,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,156 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 3,144 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

WesBanco Company Profile

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.