WesBanco’s (WSBC) neutral rating reaffirmed at Boenning Scattergood
WesBanco (NASDAQ: WSBC)Boenning Scattergood stock reissued its “neutral” rating in a report released on Wednesday, Zacks.com reports. Boenning Scattergood also released estimates for WesBanco’s third quarter 2021 earnings at $ 0.75 EPS, Q4 2021 earnings at $ 0.70 EPS, FY2021 earnings at $ 3.48 EPS, and FY2022 earnings at 2. , $ 47 EPS.
WSBC has been the subject of a number of other research reports. B. Riley reaffirmed a “neutral” rating on WesBanco shares in a research note on Tuesday, July 27. Zacks investment research raised WesBanco’s stock from a “hold” rating to a “buy” rating and set a target price of $ 38.00 on the stock in a research note Thursday. Raymond James downgraded WesBanco shares from an “outperformance” rating to a “market performance” rating in a research note on Thursday, July 8. Finally, the Royal Bank of Canada increased its target price on WesBanco shares from $ 36.00 to $ 38.00 and assigned the stock a “sector performance” rating in a research note on Wednesday. Six investment analysts rated the stock with a conservation rating and one issued a buy rating for the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $ 34.75.
Actions of NASDAQ: WSBC open for $ 34.08 Wednesday. The company’s 50-day simple moving average is $ 32.90 and its 200-day simple moving average is $ 35.37. The stock has a market cap of $ 2.23 billion, a price-to-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 one-year low at $ 21.10 and a one-year high at $ 39.87.
WesBanco (NASDAQ: WSBC) last released its results on Tuesday, July 27. The financial services provider reported earnings per share of $ 1.01 for the quarter, beating analyst consensus estimates of $ 0.75 by $ 0.26. The company posted revenue of $ 151.97 million for the quarter, against analysts’ expectations of $ 149.17 million. WesBanco had a net margin of 36.64% and a return on equity of 9.17%. The company’s revenue increased 0.1% year-over-year. In the same quarter of the previous year, the company posted earnings per share of $ 0.07. As a group, analysts predict that WesBanco will post 3.42 EPS for the current fiscal year.
Institutional investors recently changed their holdings of equities. Capital Analysts LLC purchased a new first quarter equity stake in WesBanco valued at $ 28,000. Nisa Investment Advisors LLC purchased a new equity stake in WesBanco in the second quarter valued at $ 36,000. Evermay Wealth Management LLC purchased a new equity stake in WesBanco in the second quarter valued at $ 36,000. Federated Hermes Inc. purchased a new equity stake in WesBanco in the second quarter valued at $ 38,000. Finally, Captrust Financial Advisors acquired a new position in WesBanco in the first quarter valued at $ 51,000. 62.31% of the shares are currently held by institutional investors.
WesBanco Company Profile
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking Services and Trust and Investment Services. The Community Banking segment provides services traditionally offered by service commercial banks, including sight, sight and term commercial accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as insurance and securities brokerage. services.
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