Zacks Investment Research cut shares of WesBanco (NASDAQ:WSBC) from a buy rating to a hold rating in a report released on Saturday. The firm currently has $46.00 target price on the financial services provider’s stock.

According to Zacks, “WESBANCO, INC. is a multi-bank holding company whose subsidiaries are engaged in general banking business. “

Several other equities research analysts have also weighed in on the stock. BidaskClub lowered shares of WesBanco from a buy rating to a hold rating in a research note on Saturday, December 9th. DA Davidson set a $47.00 price objective on shares of WesBanco and gave the stock a buy rating in a research note on Friday, October 20th. They noted that the move was a valuation call. FBR & Co set a $40.00 price objective on shares of WesBanco and gave the stock a hold rating in a research note on Friday, October 20th. B. Riley set a $40.00 price objective on shares of WesBanco and gave the stock a hold rating in a research note on Tuesday, November 14th. Finally, Boenning Scattergood reiterated a hold rating on shares of WesBanco in a research note on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. WesBanco presently has an average rating of Hold and a consensus target price of $43.00.

Shares of WesBanco (WSBC) opened at $42.60 on Friday. The firm has a market cap of $1,875.82, a PE ratio of 18.21, a P/E/G ratio of 1.43 and a beta of 1.00. WesBanco has a 12 month low of $34.81 and a 12 month high of $43.77. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The business had revenue of $95.15 million for the quarter, compared to analyst estimates of $98.37 million. WesBanco had a return on equity of 7.66% and a net margin of 24.73%. During the same quarter last year, the company earned $0.60 EPS. analysts expect that WesBanco will post 2.41 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, December 7th. WesBanco’s dividend payout ratio (DPR) is 44.44%.

In other WesBanco news, Director F Eric Nelson, Jr. sold 12,500 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $42.06, for a total value of $525,750.00. Following the completion of the transaction, the director now owns 29,717 shares in the company, valued at approximately $1,249,897.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.05% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of WSBC. Schwab Charles Investment Management Inc. grew its position in WesBanco by 3.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 187,975 shares of the financial services provider’s stock worth $7,433,000 after purchasing an additional 7,113 shares during the last quarter. Rhumbline Advisers grew its position in WesBanco by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 52,169 shares of the financial services provider’s stock worth $2,063,000 after purchasing an additional 1,710 shares during the last quarter. Bank of New York Mellon Corp grew its position in WesBanco by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 287,970 shares of the financial services provider’s stock worth $11,386,000 after purchasing an additional 14,727 shares during the last quarter. Legal & General Group Plc grew its position in WesBanco by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 16,865 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 732 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in WesBanco by 507.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,167 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 5,151 shares during the last quarter. Hedge funds and other institutional investors own 59.11% of the company’s stock.

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About WesBanco

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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