Investment analysts at Stephens began coverage on shares of WesBanco (NASDAQ:WSBC) in a research report issued on Monday, The Fly reports. The firm set an “overweight” rating on the financial services provider’s stock.
A number of other equities analysts also recently issued reports on WSBC. BidaskClub downgraded WesBanco from a “buy” rating to a “hold” rating in a report on Friday, December 27th. ValuEngine upgraded WesBanco from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, December 31st. Finally, B. Riley set a $40.00 price target on WesBanco and gave the company a “hold” rating in a report on Friday, September 13th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $41.25.
WSBC traded down $0.19 during trading on Monday, reaching $37.12. The stock had a trading volume of 199,758 shares, compared to its average volume of 199,720. The stock’s 50 day moving average is $37.17 and its two-hundred day moving average is $36.78. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 11.56 and a beta of 1.13. WesBanco has a one year low of $33.19 and a one year high of $43.13.
In other news, EVP Jonathan D. Dargusch sold 4,504 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $38.10, for a total transaction of $171,602.40. Following the completion of the transaction, the executive vice president now directly owns 20,219 shares in the company, valued at $770,343.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Todd Clossin purchased 7,500 shares of WesBanco stock in a transaction dated Friday, October 25th. The shares were bought at an average price of $36.46 per share, with a total value of $273,450.00. Following the completion of the acquisition, the chief executive officer now directly owns 63,912 shares of the company’s stock, valued at $2,330,231.52. The disclosure for this purchase can be found here. 3.24% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. First Mercantile Trust Co. bought a new stake in WesBanco in the 3rd quarter worth about $43,000. Denali Advisors LLC bought a new stake in WesBanco in the 3rd quarter worth about $101,000. SG Americas Securities LLC increased its holdings in WesBanco by 11.1% in the 3rd quarter. SG Americas Securities LLC now owns 3,168 shares of the financial services provider’s stock worth $118,000 after buying an additional 317 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in WesBanco by 17.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,676 shares of the financial services provider’s stock worth $137,000 after buying an additional 548 shares in the last quarter. Finally, Horan Capital Advisors LLC. bought a new stake in WesBanco in the 3rd quarter worth about $155,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.
About WesBanco
WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.
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