1492 Capital Management LLC Raises Holdings in WesBanco, Inc. (NASDAQ:WSBC)

1492 Capital Management LLC lifted its holdings in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 415.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,905 shares of the financial services provider's stock after buying an additional 36,192 shares during the quarter. 1492 Capital Management LLC owned approximately 0.07% of WesBanco worth $1,461,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of WesBanco by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 6,710,539 shares of the financial services provider's stock valued at $218,361,000 after acquiring an additional 705,483 shares in the last quarter. State Street Corp increased its position in shares of WesBanco by 1.8% during the third quarter. State Street Corp now owns 1,934,453 shares of the financial services provider's stock valued at $58,313,000 after acquiring an additional 35,030 shares in the last quarter. Geode Capital Management LLC raised its holdings in WesBanco by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 1,502,057 shares of the financial services provider's stock worth $48,888,000 after acquiring an additional 82,987 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in WesBanco by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 872,035 shares of the financial services provider's stock valued at $28,376,000 after acquiring an additional 50,704 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in WesBanco by 25.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 780,444 shares of the financial services provider's stock valued at $25,396,000 after purchasing an additional 156,903 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WSBC shares. Raymond James dropped their price objective on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. DA Davidson increased their price objective on shares of WesBanco from $44.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, January 27th. StockNews.com upgraded shares of WesBanco from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. Piper Sandler assumed coverage on WesBanco in a report on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price target on the stock. Finally, Stephens reaffirmed an "equal weight" rating and issued a $39.00 price objective on shares of WesBanco in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, WesBanco currently has an average rating of "Moderate Buy" and a consensus target price of $39.43.

WesBanco Price Performance

WSBC traded up $0.94 during trading hours on Tuesday, hitting $28.90. The company's stock had a trading volume of 324,925 shares, compared to its average volume of 411,828. WesBanco, Inc. has a 12 month low of $25.56 and a 12 month high of $37.36. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The business's 50-day moving average price is $31.61 and its 200-day moving average price is $32.79. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 12.93 and a beta of 0.76.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. Sell-side analysts expect that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 5.12%. The ex-dividend date was Monday, March 10th. WesBanco's payout ratio is currently 66.07%.

About WesBanco

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.