WesBanco (NASDAQ: WSBC) saw its target price lifted by analysts at the Royal Bank of Canada from $ 36.00 to $ 38.00 in a research report released Wednesday, reports The Fly. The company currently has a “sector performance” rating on the shares of the financial services provider for installment loans. The Royal Bank of Canada’s target price would indicate a potential rise of 13.37% from the company’s current price.
Other equity research analysts have also published reports on the stock. B. Riley reiterated a “neutral” note on WesBanco shares in a report released Tuesday July 27th. Raymond James downgraded WesBanco shares from an “outperformance” rating to a “market performance” rating in a research report on Thursday, July 8. Finally, Zacks Investment Research downgraded WesBanco shares from a “buy” rating to a “hold” rating in a research report released on Thursday, August 5. Seven research analysts rated the stock with a conservation rating. According to MarketBeat, WesBanco has a consensus rating of “Hold” and an average target price of $ 34.58.
NASDAQ WSBC shares opened at $ 33.52 on Wednesday. The company has a leverage ratio of 0.19, a current ratio of 0.83, and a quick ratio of 0.83. The company has a 50-day moving average price of $ 32.83 and a 200-day moving average price of $ 35.39. WesBanco has a one-year low at $ 20.77 and a one-year high at $ 39.87. The stock has a market cap of $ 2.19 billion, a P / E ratio of 9.80 and a beta of 1.09.
WesBanco (NASDAQ: WSBC) last released its results on Tuesday, July 27. The financial services provider reported earnings per share of $ 1.01 for the quarter, beating the consensus estimate of $ 0.75 by $ 0.26. The company posted revenue of $ 151.97 million in the quarter, compared to a consensus estimate of $ 149.17 million. WesBanco had a net margin of 36.64% and a return on equity of 9.17%. The company’s revenue increased 0.1% year-on-year. In the same quarter of last year, the company made earnings per share of $ 0.07. As a group, equity research analysts predict that WesBanco will post earnings per share of 3.42 for the current fiscal year.
A number of institutional investors and hedge funds have recently changed their positions in the company. Prudential Financial Inc. increased its holdings of WesBanco shares by 12.8% in the first quarter. Prudential Financial Inc. now owns 145,320 shares of the financial services provider valued at $ 5,240,000 after purchasing an additional 16,453 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings of WesBanco shares by 43.0% in the first quarter. Envestnet Asset Management Inc. now owns 51,601 shares of the financial services provider valued at $ 1,861,000 after purchasing an additional 15,513 shares in the last quarter. Stifel Financial Corp increased its holdings of WesBanco shares by 13.9% in the first quarter. Stifel Financial Corp now owns 54,681 shares of the financial services provider valued at $ 1,972,000 after purchasing an additional 6,670 shares in the last quarter. BlackRock Inc. increased its holdings of WesBanco shares by 5.7% in the first quarter. BlackRock Inc. now owns 5,459,082 shares of the financial services provider valued at $ 196,855,000 after purchasing an additional 296,406 shares in the last quarter. Finally, DE Shaw & Co. Inc. purchased a new position in WesBanco shares in the first quarter valued at $ 344,000. 62.31% of the shares are held by institutional investors and hedge funds.
WesBanco Company Profile
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking Services and Trust and Investment Services. The community banking segment provides services traditionally offered by commercial service banks, including commercial demand, individual demand and term accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings. , such as insurance and securities brokerage. services.
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