WesBanco Inc (NASDAQ:WSBC) has earned an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $42.25.
Several equities research analysts have recently commented on the company. BidaskClub raised WesBanco from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Zacks Investment Research downgraded WesBanco from a “buy” rating to a “hold” rating and set a $46.00 target price for the company. in a report on Saturday, January 13th. Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a report on Wednesday, January 24th. Finally, DA Davidson set a $48.00 target price on WesBanco and gave the company a “buy” rating in a report on Thursday, December 21st.
Shares of NASDAQ WSBC traded down $0.33 during mid-day trading on Friday, hitting $42.30. 127,287 shares of the company traded hands, compared to its average volume of 126,035. WesBanco has a 1 year low of $35.49 and a 1 year high of $44.78. The company has a market cap of $1,863.57, a price-to-earnings ratio of 17.27, a P/E/G ratio of 1.46 and a beta of 0.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.80.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.74%. This is a positive change from WesBanco’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, March 8th. WesBanco’s payout ratio is presently 47.35%.
In other WesBanco news, Director Denise H. Knouse-Snyder purchased 1,575 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $41.44 per share, with a total value of $65,268.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $82,880. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.14% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB acquired a new position in WesBanco during the fourth quarter valued at $248,000. Segall Bryant & Hamill LLC raised its position in WesBanco by 12.5% during the fourth quarter. Segall Bryant & Hamill LLC now owns 380,552 shares of the financial services provider’s stock valued at $15,469,000 after buying an additional 42,158 shares during the period. MetLife Investment Advisors LLC acquired a new position in WesBanco during the fourth quarter valued at $807,000. Millennium Management LLC acquired a new position in WesBanco during the fourth quarter valued at $346,000. Finally, Cornerstone Capital Management Holdings LLC. raised its position in WesBanco by 15.4% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 108,042 shares of the financial services provider’s stock valued at $4,391,000 after buying an additional 14,400 shares during the period. 61.37% of the stock is currently owned by hedge funds and other institutional investors.
WesBanco Company Profile
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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