WesBanco, Inc. (NASDAQ:WSBC – Get Free Report) has received an average recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $30.60.
A number of research analysts have weighed in on the stock. Hovde Group dropped their target price on shares of WesBanco from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday. Raymond James raised shares of WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Friday, January 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price target on shares of WesBanco in a research report on Tuesday, April 9th. Finally, Stephens decreased their target price on shares of WesBanco from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday.
Read Our Latest Report on WesBanco
Institutional Trading of WesBanco
WesBanco Stock Down 0.9 %
WSBC opened at $27.52 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 11.47 and a beta of 0.86. WesBanco has a twelve month low of $19.84 and a twelve month high of $32.20. The company’s 50-day moving average price is $28.60 and its two-hundred day moving average price is $28.22.
WesBanco (NASDAQ:WSBC – Get Free Report) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. The firm had revenue of $225.96 million for the quarter, compared to analysts’ expectations of $147.81 million. WesBanco had a net margin of 17.52% and a return on equity of 6.54%. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, equities analysts expect that WesBanco will post 2.27 earnings per share for the current year.
WesBanco Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.23%. The ex-dividend date was Thursday, March 7th. WesBanco’s dividend payout ratio is presently 60.00%.
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.
Featured Articles
- Five stocks we like better than WesBanco
- Russell 2000 Index, How Investors Use it For Profitable Trading
- 3 Stocks Leading the U.S. Agriculture Comeback
- How to Calculate Return on Investment (ROI)
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Best Aerospace Stocks Investing
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for WesBanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WesBanco and related companies with MarketBeat.com's FREE daily email newsletter.