WesBanco (NASDAQ:WSBC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday, Zacks.com reports.

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

Several other analysts have also recently commented on the company. Keefe, Bruyette & Woods upgraded WesBanco from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Thursday, July 25th. Sandler O’Neill upgraded WesBanco from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Hovde Group assumed coverage on WesBanco in a research report on Monday, June 17th. They set an “outperform” rating and a $42.00 price target on the stock. Boenning Scattergood reiterated a “neutral” rating on shares of WesBanco in a research report on Thursday, June 20th. Finally, BidaskClub upgraded WesBanco from a “sell” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $41.25.

WSBC traded up $0.30 during trading hours on Friday, hitting $37.97. The company’s stock had a trading volume of 419,694 shares, compared to its average volume of 215,963. WesBanco has a fifty-two week low of $33.19 and a fifty-two week high of $46.64. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2.07 billion, a PE ratio of 11.83, a PEG ratio of 1.20 and a beta of 1.13. The company has a 50-day simple moving average of $35.08 and a 200 day simple moving average of $37.73.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. WesBanco had a return on equity of 8.68% and a net margin of 27.85%. The firm had revenue of $129.62 million for the quarter, compared to analysts’ expectations of $127.44 million. During the same period last year, the firm earned $0.80 EPS. Research analysts expect that WesBanco will post 3.15 earnings per share for the current fiscal year.

In other news, Director Stephen J. Callen purchased 7,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $33.76 per share, for a total transaction of $236,320.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brent E. Richmond sold 5,323 shares of WesBanco stock in a transaction on Friday, July 26th. The shares were sold at an average price of $36.53, for a total value of $194,449.19. Following the transaction, the executive vice president now owns 17,428 shares in the company, valued at $636,644.84. The disclosure for this sale can be found here. 3.24% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Comerica Bank boosted its stake in shares of WesBanco by 3.5% during the 2nd quarter. Comerica Bank now owns 8,554 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 286 shares in the last quarter. Accurate Investment Solutions Inc. boosted its stake in shares of WesBanco by 9.1% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 4,489 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 373 shares in the last quarter. ETRADE Capital Management LLC boosted its stake in shares of WesBanco by 3.3% during the 2nd quarter. ETRADE Capital Management LLC now owns 15,051 shares of the financial services provider’s stock worth $580,000 after acquiring an additional 479 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of WesBanco by 73.9% during the 1st quarter. Advisory Services Network LLC now owns 1,330 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 565 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of WesBanco by 3.3% during the 2nd quarter. Strs Ohio now owns 28,100 shares of the financial services provider’s stock worth $1,083,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 57.59% of the company’s stock.

WesBanco Company Profile

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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