WesBanco, Inc. (NASDAQ: WSBC) Given the average “hold” recommendation by brokerage firms

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Shares of WesBanco, Inc. (NASDAQ: WSBC) received a consensus recommendation to “hold” from the seven research companies that hedge the stock, reports MarketBeat Ratings. Seven analysts rated the stock with a conservation recommendation. The 12-month average price target among brokerage firms that issued stock ratings in the past year is $ 36.50.

Several brokerages recently commented on WSBC. B. Riley reaffirmed a “neutral” rating on WesBanco shares in a research report on Tuesday, July 27. Royal Bank of Canada increased its price target on WesBanco from $ 36.00 to $ 38.00 and assigned the stock a “sector performance” rating in a report released on Wednesday, September 29. Zacks Investment Research downgraded WesBanco from a “buy” rating to a “custody” rating in a report released on Tuesday, October 5. Boenning Scattergood reiterated a “neutral” rating on WesBanco shares in a report released Wednesday (September 29th). Finally, Raymond James downgraded WesBanco from an “outperformance” rating to a “market performance” rating in a report released Thursday, July 8.

Large investors have recently increased or reduced their stakes in the company. Capital Analysts LLC purchased a new stake in WesBanco in the first quarter valued at $ 28,000. Nisa Investment Advisors LLC purchased a new position in WesBanco shares in the second quarter valued at $ 36,000. Evermay Wealth Management LLC purchased a new position in WesBanco shares in the second quarter valued at $ 36,000. Federated Hermes Inc. purchased a new position in WesBanco shares in the second quarter valued at $ 38,000. Finally, Captrust Financial Advisors bought a new position in WesBanco shares in the first quarter valued at $ 51,000. 62.31% of the shares are held by institutional investors and hedge funds.

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WSBC shares opened at $ 37.13 on Thursday. WesBanco has a 12 month low of $ 22.53 and a 12 month high of $ 39.87. The company has a 50-day simple moving average of $ 33.57 and a 200-day simple moving average of $ 35.37. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt ratio of 0.19. The stock has a market cap of $ 2.43 billion, a PE ratio of 10.86 and a beta of 1.09.

WesBanco (NASDAQ: WSBC) last reported its results on Tuesday, July 27. The financial services provider reported EPS of $ 1.01 for the quarter, beating the consensus estimate of $ 0.75 by $ 0.26. WesBanco recorded a return on equity of 9.17% and a net margin of 36.64%. The company posted revenue of $ 151.97 million for the quarter, compared to analysts’ estimates of $ 149.17 million. In the same quarter of the previous year, the company achieved EPS of $ 0.07. The company’s revenue for the quarter increased 0.1% from the same quarter last year. On average, equity research analysts expect WesBanco to post 3.42 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 1. Investors registered on Friday, September 10 received a dividend of $ 0.33 per share. This represents a dividend of $ 1.32 on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Thursday, September 9. WesBanco’s payout ratio is 70.21%.

WesBanco Company Profile

WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking Services and Trust and Investment Services. The Community Banking segment provides services traditionally offered by service commercial banks, including commercial sight, individual sight and term accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.

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Analyst Recommendations for WesBanco (NASDAQ: WSBC)

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