WesBanco (NASDAQ: WSBC)‘s stock was rated “neutral” by Boenning Scattergood in a report released on Wednesday, reports Zacks.com. Boenning Scattergood also put WesBanco’s earnings estimates at $ 0.75 for the third quarter of 2021, at $ 0.70 for the fourth quarter of 2021, at $ 3.48 for fiscal 2021, and at 2 for FY2022, $ 47 per share.
WSBC has been the subject of a number of other research reports. B. Riley confirmed a “neutral” rating for WesBanco shares in a research release on Tuesday, July 27th. Zacks Investment Research upgraded WesBanco’s shares from a “hold” rating to a “buy” rating and set a price target of $ 38.00 for the stock in a research release on Thursday. Raymond James downgraded WesBanco’s shares from an “Outperform” rating to a “Market Perform” rating in a research release on Thursday July 8th. Finally, the Royal Bank of Canada raised its price target for WesBanco shares from 36.00 to 38.00 US dollars and rated the share as “sector performance” in a research release on Wednesday. Six investment analysts have rated the stock with a hold rating and one with a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $ 34.75.
NASDAQ: WSBC shares opened at $ 34.08 on Wednesday. The 50 day simple moving average is $ 32.90 and the 200 day simple moving average is $ 35.37. The stock has a market capitalization of $ 2.23 billion, a price / earnings ratio of 9.96, and a beta of 1.09. The company has a leverage ratio of 0.19, a current ratio of 0.83, and a quick ratio of 0.83. WesBanco has a 1-year low of $ 21.10 and a 1-year high of $ 39.87.
WesBanco (NASDAQ: WSBC) last released its earnings results on Tuesday, July 27th. The financial services company reported earnings per share of $ 1.01 for the quarter, beating analysts’ consensus estimate of $ 0.75 by $ 0.26. The company posted revenue of $ 151.97 million for the quarter, compared to analyst expectations of $ 149.17 million. WesBanco had a net margin of 36.64% and a return on equity of 9.17%. The company’s sales increased 0.1% year over year. For the same quarter last year, the company had earnings per share of $ 0.07. As a group, analysts assume that WesBanco will post 3.42 EPS for the current financial year.
Institutional investors recently changed their holdings in the stock. Capital Analysts LLC bought a new stake in WesBanco stock valued at $ 28,000 in the first quarter. Nisa Investment Advisors LLC bought a new stake in WesBanco shares worth $ 36,000 in the second quarter. Evermay Wealth Management LLC bought a new stake in WesBanco shares worth $ 36,000 in the second quarter. Federated Hermes Inc. bought a new stake in WesBanco stock valued at $ 38,000 in the second quarter. Eventually, Captrust Financial Advisors acquired a new position at WesBanco worth $ 51,000 in the first quarter. 62.31% of the shares are currently owned by institutional investors.
WesBanco company profile
WesBanco, Inc is a banking holding company providing financial services. It operates in the following segments: Community Banking and Trust and Investment Services. The Community Banking segment provides services traditionally offered by commercial service banks, including commercial sight, single sight and fixed deposit accounts, as well as business, mortgage and single installment loans, as well as certain non-traditional offerings such as insurance and securities brokerage services.
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