WesBanco (NASDAQ:WSBC) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

A number of other analysts also recently commented on WSBC. Zacks Investment Research downgraded WesBanco from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. ValuEngine downgraded WesBanco from a “buy” rating to a “hold” rating in a report on Friday, June 15th. B. Riley upped their price objective on WesBanco from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, June 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $48.00 price objective on shares of WesBanco in a report on Wednesday, July 25th. Finally, Boenning Scattergood restated a “hold” rating on shares of WesBanco in a report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $47.40.

Shares of WSBC opened at $44.72 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.47 and a beta of 0.89. WesBanco has a fifty-two week low of $38.09 and a fifty-two week high of $51.12.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Monday, July 23rd. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. The business had revenue of $105.76 million during the quarter, compared to the consensus estimate of $103.37 million. WesBanco had a return on equity of 8.85% and a net margin of 24.38%. During the same period in the prior year, the firm posted $0.60 EPS. analysts forecast that WesBanco will post 3.09 EPS for the current year.

In related news, Director Charlotte A. Zuschlag sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $49.50, for a total transaction of $495,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent E. Richmond sold 4,006 shares of the company’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $45.60, for a total transaction of $182,673.60. Following the sale, the executive vice president now directly owns 19,635 shares of the company’s stock, valued at $895,356. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,256 shares of company stock valued at $1,247,709. Insiders own 4.14% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Wesbanco Bank Inc. boosted its position in WesBanco by 2.2% during the 2nd quarter. Wesbanco Bank Inc. now owns 1,645,183 shares of the financial services provider’s stock worth $74,099,000 after purchasing an additional 34,787 shares during the period. Sei Investments Co. boosted its position in WesBanco by 2,054.2% during the 1st quarter. Sei Investments Co. now owns 2,542 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 2,424 shares during the period. Renaissance Technologies LLC boosted its position in WesBanco by 6.1% during the 2nd quarter. Renaissance Technologies LLC now owns 422,173 shares of the financial services provider’s stock worth $19,015,000 after purchasing an additional 24,200 shares during the period. Victory Capital Management Inc. boosted its position in WesBanco by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 10,372 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 1,423 shares during the period. Finally, Wells Fargo & Company MN boosted its position in WesBanco by 7.8% during the 1st quarter. Wells Fargo & Company MN now owns 288,888 shares of the financial services provider’s stock worth $12,220,000 after purchasing an additional 20,788 shares during the period. 59.92% of the stock is owned by hedge funds and other institutional investors.

About WesBanco

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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Analyst Recommendations for WesBanco (NASDAQ:WSBC)

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