WesBanco’s (WSBC) Equal Weight Rating Reaffirmed at Stephens

Stephens reaffirmed their equal weight rating on shares of WesBanco (NASDAQ:WSBC) in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a $30.00 price target on the financial services provider’s stock.

Several other brokerages have also recently weighed in on WSBC. 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 reaffirmed a sector perform rating and issued 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 given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $31.17.

WesBanco Price Performance

WSBC stock opened at $28.28 on Wednesday. The stock has a market capitalization of $1.68 billion, a PE ratio of 11.78 and a beta of 0.86. The company’s 50-day moving average is $28.64 and its 200-day moving average is $28.23. 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 has a 1 year low of $19.84 and a 1 year high of $32.20.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. The company 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 quarter in the prior year, the firm earned $0.71 EPS. Equities research analysts expect that WesBanco will post 2.27 EPS for the current fiscal year.

WesBanco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 annualized dividend and a yield of 5.09%. WesBanco’s dividend payout ratio (DPR) is 60.00%.

Institutional Investors Weigh In On WesBanco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Founders Financial Securities LLC increased its stake in WesBanco by 6.1% in the 1st quarter. Founders Financial Securities LLC now owns 7,612 shares of the financial services provider’s stock valued at $227,000 after buying an additional 436 shares during the last quarter. Rhumbline Advisers increased its stake in WesBanco by 0.5% in the 3rd quarter. Rhumbline Advisers now owns 97,609 shares of the financial services provider’s stock valued at $2,384,000 after buying an additional 505 shares during the last quarter. US Bancorp DE increased its stake in WesBanco by 1.0% in the 4th quarter. US Bancorp DE now owns 63,263 shares of the financial services provider’s stock valued at $1,985,000 after buying an additional 657 shares during the last quarter. Bridge City Capital LLC increased its stake in WesBanco by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 84,607 shares of the financial services provider’s stock valued at $2,522,000 after buying an additional 663 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in WesBanco by 3.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,336 shares of the financial services provider’s stock valued at $826,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors 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.