Zacks Investment Research lowered shares of WesBanco (NASDAQ:WSBC) from a buy rating to a hold rating in a report issued on Tuesday morning.

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

Other analysts also recently issued research reports about the stock. ValuEngine upgraded shares of WesBanco from a hold rating to a buy rating in a report on Friday, May 11th. BidaskClub downgraded shares of WesBanco from a hold rating to a sell rating in a report on Thursday, March 1st. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. WesBanco currently has a consensus rating of Buy and an average target price of $44.20.

WSBC stock opened at $46.59 on Tuesday. The company has a market cap of $2.14 billion, a PE ratio of 19.02, a PEG ratio of 1.53 and a beta of 0.88. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.86 and a current ratio of 0.86. WesBanco has a one year low of $35.49 and a one year high of $47.63.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.07. The firm had revenue of $97.27 million for the quarter, compared to analyst estimates of $96.77 million. WesBanco had a net margin of 23.81% and a return on equity of 8.29%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. analysts forecast that WesBanco will post 3.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 8th will be issued a $0.29 dividend. The ex-dividend date is Thursday, June 7th. This represents a $1.16 annualized dividend and a yield of 2.49%. WesBanco’s dividend payout ratio (DPR) is presently 47.35%.

Institutional investors have recently bought and sold shares of the stock. Sei Investments Co. increased its holdings in WesBanco by 2,054.2% in the 1st quarter. Sei Investments Co. now owns 2,542 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 2,424 shares during the last quarter. Denver Investment Advisors LLC acquired a new stake in WesBanco in the 1st quarter valued at approximately $204,000. Connable Office Inc. acquired a new stake in WesBanco in the 1st quarter valued at approximately $224,000. SG Americas Securities LLC acquired a new stake in WesBanco in the 1st quarter valued at approximately $237,000. Finally, GW&K Investment Management LLC acquired a new position in shares of WesBanco in the first quarter worth $247,000. Hedge funds and other institutional investors own 58.01% of the company’s stock.

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.

Get a free copy of the Zacks research report on WesBanco (WSBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for WesBanco (NASDAQ:WSBC)

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