Shares of WesBanco Inc (NASDAQ:WSBC) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $41.38.
A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of WesBanco from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised shares of WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, December 31st. B. Riley set a $40.00 price target on shares of WesBanco and gave the stock a “hold” rating in a report on Friday, September 13th. ValuEngine raised shares of WesBanco from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Stephens assumed coverage on shares of WesBanco in a report on Monday. They set an “overweight” rating and a $41.50 price target for the company.
Shares of WesBanco stock traded down $0.26 on Friday, reaching $36.32. 128,608 shares of the stock were exchanged, compared to its average volume of 155,144. The firm’s 50 day moving average is $37.14 and its 200-day moving average is $36.81. WesBanco has a one year low of $33.19 and a one year high of $43.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $1.99 billion, a PE ratio of 11.31 and a beta of 1.13.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.41%. The ex-dividend date was Thursday, December 12th. WesBanco’s payout ratio is 38.63%.
In related news, CEO Todd Clossin acquired 7,500 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of $36.46 per share, with a total value of $273,450.00. Following the purchase, the chief executive officer now directly owns 63,912 shares in the company, valued at $2,330,231.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Crawford sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $37.51, for a total transaction of $375,100.00. Following the completion of the transaction, the director now directly owns 1,650 shares of the company’s stock, valued at approximately $61,891.50. The disclosure for this sale can be found here. 3.24% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Comerica Bank raised its stake in shares of WesBanco by 3.5% during the second quarter. Comerica Bank now owns 8,554 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 286 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of WesBanco by 11.1% during the third quarter. SG Americas Securities LLC now owns 3,168 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 317 shares during the last quarter. ETRADE Capital Management LLC raised its stake in shares of WesBanco by 3.3% during the second quarter. ETRADE Capital Management LLC now owns 15,051 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 479 shares during the last quarter. Smithfield Trust Co. raised its stake in shares of WesBanco by 3.7% during the third quarter. Smithfield Trust Co. now owns 14,118 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 500 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of WesBanco by 17.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,676 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 548 shares during the last quarter. 61.69% of the stock is owned by hedge funds and other institutional investors.
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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