BidaskClub downgraded shares of WesBanco (NASDAQ:WSBC) from a hold rating to a sell rating in a research report report published on Friday.

Several other research firms have also weighed in on WSBC. Boenning Scattergood reiterated a hold rating on shares of WesBanco in a report on Friday, September 14th. ValuEngine lowered shares of WesBanco from a buy rating to a hold rating in a report on Wednesday, September 12th. Zacks Investment Research lowered shares of WesBanco from a buy rating to a hold rating and set a $48.00 target price on the stock. in a report on Saturday, November 17th. Finally, B. Riley set a $45.00 target price on shares of WesBanco and gave the company a hold rating in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $47.25.

NASDAQ:WSBC traded down $0.11 on Friday, hitting $40.44. The stock had a trading volume of 118,025 shares, compared to its average volume of 94,654. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.29 and a beta of 1.00. WesBanco has a 1-year low of $37.29 and a 1-year high of $51.12.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.14). The firm had revenue of $116.16 million during the quarter, compared to analyst estimates of $109.07 million. WesBanco had a net margin of 24.22% and a return on equity of 9.04%. During the same quarter in the previous year, the firm earned $0.60 earnings per share. As a group, equities analysts anticipate that WesBanco will post 3.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 14th will be issued a $0.29 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.16 annualized dividend and a yield of 2.87%. WesBanco’s payout ratio is 47.35%.

In other news, EVP Brent E. Richmond sold 4,006 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $45.60, for a total value of $182,673.60. Following the sale, the executive vice president now directly owns 19,635 shares of the company’s stock, valued at approximately $895,356. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.14% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new stake in shares of WesBanco in the 3rd quarter valued at approximately $103,000. Legacy Financial Advisors Inc. purchased a new stake in shares of WesBanco in the 3rd quarter valued at approximately $108,000. WealthTrust Fairport LLC purchased a new stake in shares of WesBanco in the 2nd quarter valued at approximately $118,000. Panagora Asset Management Inc. purchased a new stake in shares of WesBanco in the 3rd quarter valued at approximately $126,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of WesBanco in the 3rd quarter valued at approximately $138,000. 56.97% of the stock is currently owned by institutional investors and hedge funds.

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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