FBR & Co set a $40.00 price target on WesBanco, Inc. (NASDAQ:WSBC) in a research note released on Friday. The brokerage currently has a hold rating on the financial services provider’s stock. FBR & Co also issued estimates for WesBanco’s Q4 2017 earnings at $0.61 EPS, FY2017 earnings at $2.40 EPS, Q1 2018 earnings at $0.60 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.63 EPS, FY2018 earnings at $2.45 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.66 EPS and FY2019 earnings at $2.60 EPS.

WSBC has been the subject of several other research reports. BidaskClub cut WesBanco from a sell rating to a strong sell rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a hold rating and issued a $41.00 price target on shares of WesBanco in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research cut WesBanco from a buy rating to a hold rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $42.00.

Shares of WesBanco (NASDAQ:WSBC) traded down 2.39% during midday trading on Friday, reaching $40.41. 145,390 shares of the company traded hands. WesBanco has a 1-year low of $32.06 and a 1-year high of $44.19. The stock’s 50-day moving average is $39.92 and its 200-day moving average is $38.89. The stock has a market capitalization of $1.78 billion, a P/E ratio of 18.46 and a beta of 0.96.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03). The business had revenue of $95.15 million during the quarter, compared to analysts’ expectations of $98.37 million. WesBanco had a return on equity of 7.71% and a net margin of 24.73%. During the same quarter in the previous year, the company posted $0.60 EPS. Equities analysts predict that WesBanco will post $2.43 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Thursday, September 7th. WesBanco’s dividend payout ratio is currently 44.44%.

In related news, EVP Brent E. Richmond sold 1,440 shares of WesBanco stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $36.83, for a total transaction of $53,035.20. Following the completion of the sale, the executive vice president now owns 22,701 shares in the company, valued at approximately $836,077.83. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.05% of the company’s stock.

A number of institutional investors have recently bought and sold shares of WSBC. Waldron LP increased its position in WesBanco by 9.0% during the 1st quarter. Waldron LP now owns 14,838 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 1,220 shares in the last quarter. Bank of New York Mellon Corp increased its position in WesBanco by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 273,243 shares of the financial services provider’s stock worth $10,413,000 after purchasing an additional 17,004 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in WesBanco by 14.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 25,440 shares of the financial services provider’s stock worth $970,000 after purchasing an additional 3,267 shares in the last quarter. Karp Capital Management Corp purchased a new stake in WesBanco during the 1st quarter worth about $254,000. Finally, Parametric Portfolio Associates LLC increased its position in WesBanco by 32.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 36,064 shares of the financial services provider’s stock worth $1,374,000 after purchasing an additional 8,739 shares in the last quarter. Hedge funds and other institutional investors own 57.72% of the company’s stock.

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.

Analyst Recommendations for WesBanco (NASDAQ:WSBC)

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