As previously reported, Sandler O'Neill analyst Casey Orr Whitman upgraded Old Line Bancshares (OLBK) and WesBanco (WSBC), each to Buy from Hold, after WesBanco reported core results that fell short of expectations. He was surprised to see WesBanco shares down nearly 6% yesterday, which he attributes to a combination of a weaker quarter and the Old Line deal. However, Whitman likes the transaction and thinks WesBanco paid a fair price, the analyst tells investors. Whitman, who thinks WesBanco shares should get a valuation in line with peers "at the very least," set a $40 price target on the stock and has a $31 price target on Old Line shares.