WesBanco, Inc. (NASDAQ:WSBC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

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

WSBC has been the subject of a number of other reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $41.00 target price on shares of WesBanco in a research report on Tuesday, October 3rd. BidaskClub cut shares of WesBanco from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Sandler O’Neill cut shares of WesBanco from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. B. Riley set a $40.00 price objective on shares of WesBanco and gave the stock a “hold” rating in a research report on Tuesday. Finally, FBR & Co set a $40.00 price objective on shares of WesBanco and gave the stock a “hold” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. WesBanco currently has an average rating of “Hold” and an average target price of $41.60.

Shares of WesBanco (WSBC) traded up $0.01 during midday trading on Thursday, hitting $40.04. 125,790 shares of the stock were exchanged, compared to its average volume of 97,051. The firm has a market capitalization of $1,760.00, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.89 and a quick ratio of 0.89. WesBanco has a 1-year low of $34.81 and a 1-year high of $44.19.

WesBanco (NASDAQ:WSBC) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). The business had revenue of $95.15 million during the quarter, compared to analyst estimates of $98.37 million. WesBanco had a net margin of 24.73% and a return on equity of 7.66%. During the same quarter last year, the company earned $0.60 earnings per share. equities research analysts expect that WesBanco will post 2.43 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “WesBanco, Inc. (WSBC) Rating Increased to Hold at Zacks Investment Research” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://theolympiareport.com/2017/11/18/wesbanco-inc-wsbc-rating-increased-to-hold-at-zacks-investment-research.html.

In related news, EVP Brent E. Richmond sold 1,440 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $36.83, for a total transaction of $53,035.20. Following the completion of the sale, the executive vice president now directly owns 22,701 shares in the company, valued at $836,077.83. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.05% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System boosted its stake in WesBanco by 5.6% during the third quarter. California Public Employees Retirement System now owns 57,242 shares of the financial services provider’s stock worth $2,348,000 after buying an additional 3,026 shares during the period. Janney Capital Management LLC purchased a new position in WesBanco during the third quarter worth about $898,000. Earnest Partners LLC boosted its stake in WesBanco by 8.8% during the third quarter. Earnest Partners LLC now owns 1,641,852 shares of the financial services provider’s stock worth $67,349,000 after buying an additional 132,434 shares during the period. Segall Bryant & Hamill LLC boosted its stake in WesBanco by 13.1% during the third quarter. Segall Bryant & Hamill LLC now owns 338,394 shares of the financial services provider’s stock worth $13,881,000 after buying an additional 39,153 shares during the period. Finally, Stifel Financial Corp purchased a new position in WesBanco during the third quarter worth about $220,000. 57.98% of the stock is owned by institutional investors.

About WesBanco

WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.

Analyst Recommendations for WesBanco (NASDAQ:WSBC)

Receive News & Ratings for WesBanco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WesBanco Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.