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WSBC $29.33

WSBC target price
29.33
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0
WESBANCO, INC.
Type
Public company
Traded as NASDAQ: WSBC
Industry Banking
Founded 1870; 147 years ago (1870) as "The German Bank"
1968; 49 years ago (1968) as WesBanco
Headquarters Wheeling, West Virginia
Key people
James C. Gardill, Chairman
Todd F. Clossin, CEO & President
Robert H. Young, CFO
Revenue Increase $0.286 billion (2016)
Net income
Increase $0.086 billion (2016)
Total assets Increase $9.790 billion (2016)
Total equity Increase $1.341 billion (2016)
Number of employees
1,928
Website www.wesbanco.com

WesBanco, Inc. is a bank holding company headquartered in Wheeling, West Virginia. It has 174 branches and 163 automatic teller machines in West Virginia, Ohio, Western Pennsylvania, Kentucky, and Southern Indiana.

WesBanco is the second-largest bank headquartered in West Virginia, after United Bank. Based on total deposits, it is the third-largest bank operating in West Virginia, after BB&T and United Bank.

In addition to banking services, the company offers insurance and investment products.

The company owns the naming rights to the WesBanco Arena, home of the Wheeling Nailers hockey team.

The company was initially chartered on January 20, 1870, as "The German Bank".

In 1968, WesBanco, Inc. was incorporated.

In July 1992, the company acquired First National Bank of Barnesville, Ohio.

In 2004, the company acquired Western Ohio Financial Corporation, the parent company of Cornerstone Bank, for $65.2 million.

In 2007, the company acquired Oak Hill Financial for $201 million in cash and stock.

During the financial crisis of 2007-2008, the company received a $75 million investment by the United States Department of the Treasury as part of the Troubled Asset Relief Program. The company repurchased most of the investment in September 2009.

In March 2009, the company acquired branches in Columbus, Ohio from AmTrust Bank, which was being liquidated.

In November 2012, the company acquired Fidelity Bancorp, expanding into the Pittsburgh area.

In February 2015, the company further expanded its Pittsburgh-area presence with the acquisition of Ellwood City, Pennsylvania-based ESB Financial Corporation.

In September 2016, the company expanded into Kentucky and Southern Indiana with the acquisition of Your Community Bankshares.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-24 Future report Set alerts
Q2 2022 2022-07-26 0.67 0.67
Q1 2022 2022-04-26 0.70 0.70
Q4 2021 2022-01-25 0.82 0.82
Q3 2021 2021-10-26 0.64 0.64
Q2 2021 2021-07-27 1.01 1.01
Q1 2021 2021-04-27 1.06 1.06
Q4 2020 2021-01-26 0.76 0.76
Q3 2020 2020-10-21 0.00 0.00
Q2 2020 2020-07-22 0.07 0.07

Ratings

2016-05-10 Downgrade Keefe, Bruyette & Woods Market Perform
2016-04-21 Downgrade Boenning Scattergood Outperform to Neutral
2016-01-28 Lower Price Target FBR & Co. Market Perform $35.00 to $33.00
2016-01-28 Lower Price Target FBR & Co Market Perform $35.00 to $33.00
2016-01-08 Upgrade Boenning Scattergood Neutral to Outperform $33.00
2015-10-23 Lower Price Target Keefe, Bruyette & Woods $35.00 to $33.00
2015-10-22 Lower Price Target FBR & Co. Hold $37.00 to $35.00
2015-08-11 Upgrade Macquarie Neutral to Outperform $36.00 to $37.00
2015-07-23 Lower Price Target Macquarie Neutral $37.00 to $36.00
2015-07-23 Downgrade FBR & Co. Outperform to Market Perform $37.50 to $37.00
2015-02-11 Upgrade FBR & Co. Market Perform to Outperform $35.00 to $37.50
2014-11-10 Downgrade Keefe, Bruyette & Woods Outperform to Market Perform $35.00 to $36.00
2014-11-06 Downgrade Guggenheim Buy to Neutral
2014-10-24 Reiterated Rating Keefe, Bruyette & Woods Outperform $34.00 to $35.00
2014-04-24 Boost Price Target Guggenheim $2.00 to $36.00
2014-04-24 Boost Price Target FBR & Co. Market Perform $33.00 to $35.00
2014-02-28 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform $33.00 to $34.00
2014-01-30 Upgrade Guggenheim Neutral to Buy
2013-12-03 Initiated Coverage Sandler O'Neill Hold
2013-09-20 Boost Price Target Janney Montgomery Scott Buy $32.00 to $33.00
2013-07-24 Downgrade Boenning & Scattergood Outperform to Neutral
2010-12-29 Downgrade Stifel Nicolaus Buy to Hold
2009-04-28 Upgrade Boenning & Scattergood Sell to Neutral
2009-04-23 Downgrade Boenning & Scattergood Neutral to Sell
2009-02-09 Reiterated Janney Mntgmy Scott Neutral $22 to $20
2008-10-22 Upgrade Janney Mntgmy Scott Sell to Neutral
2008-08-07 Initiated Boenning & Scattergood Market Perform
2008-01-15 Initiated Ferris Baker Watts Neutral
2007-10-24 Reiterated Friedman Billings Mkt Perform $29 to $24
2007-07-24 Reiterated Friedman Billings Mkt Perform $33 to $29
2007-05-31 Initiated Stifel Nicolaus Hold
2007-01-29 Reiterated Friedman Billings Mkt Perform $32 to $33
2007-01-09 Upgrade Janney Mntgmy Scott Sell to Neutral
2016-05-10 Downgrade Keefe, Bruyette & Woods Market Perform
2016-04-21 Downgrade Boenning Scattergood Outperform to Neutral
2016-01-28 Lower Price Target FBR & Co. Market Perform $35.00 to $33.00
2016-01-28 Lower Price Target FBR & Co Market Perform $35.00 to $33.00
2016-01-08 Upgrade Boenning Scattergood Neutral to Outperform $33.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
ZUSCHLAG CHARLOTTE A 0.72%  (210442) ESBF / WSBC /
KIDD JOHN D Director (Emeritus) 0.43%  (124609) WSBC /
STEMLER KERRY M 0.32%  (95145) CBIN / WSBC /
SCHULHOFF HENRY L 0.26%  (77376) WSBC /
LIMBERT PAUL M President & CEO 0.13%  (39031) WSBC /
Clossin Todd EVP & COO 0.13%  (36646) WSBC /
STRAWSER NEIL S 0.09%  (27175) WSBC /
KNOX D BRUCE 0.09%  (26780) WSBC /
NELSON F ERIC JR 0.09%  (26733) WSBC /
RICHMOND BRENT E EVP - Treasury 0.07%  (21460) WSBC /
JOHNSON LARRY G Corporate Secretary 0.07%  (19832) WSBC /
WOOD DONALD P 0.06%  (16291) WSBC /
Zatta Jayson M EVP & Chief Lending Officer 0.05%  (14719) WSBC /
Dargusch Jonathan D EVP - Wealth Management 0.05%  (14543) WSBC /
OWEN RONALD W. 0.05%  (13842) WSBC /
YOUNG ROBERT H EVP - Chief Financial Officer 0.05%  (13277) WSBC /
DUGAN GREGORY A EVP & Sr Operations Officer 0.04%  (12878) WSBC /
GARDILL JAMES C Chairman of the Board 0.04%  (12822) WSBC /
JAWORSKI PETER W EVP - Chief Credit Officer 0.04%  (12812) WSBC /
SCHMITT JEROME B EVP - Trust & Investments 0.04%  (11571) WSBC /
ASENSIO LYNN D EVP - Retail Delivery 0.04%  (11353) WSBC /
Twigg Bernard P EVP - Commercial Lending 0.03%  (9866) WSBC /
MOORE JOHN W EVP - Human Resources 0.03%  (8859) WSBC /
Perkins Michael L EVP/Chief Risk & Admin Officer 0.03%  (8707) WSBC /
Pietranton Anthony F EVP - Human Resources 0.03%  (8465) WSBC /
Burdine Ivan L EVP & CCO 0.02%  (6507) WSBC /
Knutson Lisa A 0.02%  (6500) SSP / WSBC /
POWELL DENNIS G Retired as EVP/COO 12/31/11 0.02%  (5986) WSBC /
Lawrence Stephen J EVP & Chief Internal Auditor 0.02%  (4420) WSBC /
KIGER VAUGHN L 0.01%  (3471) WSBC /
FRAGALE ERNEST S 0.01%  (2379) WSBC /