American Century Companies Inc. Has $4.44 Million Stock Holdings in WesBanco, Inc. (NASDAQ:WSBC)

American Century Companies Inc. raised its stake in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,516 shares of the financial services provider's stock after acquiring an additional 14,777 shares during the quarter. American Century Companies Inc. owned about 0.20% of WesBanco worth $4,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of WSBC. FMR LLC increased its holdings in shares of WesBanco by 25.8% in the third quarter. FMR LLC now owns 695,487 shares of the financial services provider's stock valued at $20,712,000 after purchasing an additional 142,597 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of WesBanco by 21.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,380 shares of the financial services provider's stock valued at $637,000 after buying an additional 3,844 shares during the period. Walleye Capital LLC acquired a new stake in shares of WesBanco in the 3rd quarter valued at $296,000. Captrust Financial Advisors raised its position in shares of WesBanco by 28.6% during the third quarter. Captrust Financial Advisors now owns 10,355 shares of the financial services provider's stock worth $308,000 after acquiring an additional 2,302 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in shares of WesBanco during the third quarter valued at $657,000. 61.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on WSBC. Raymond James dropped their price objective on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Stephens reissued an "equal weight" rating and set a $39.00 price target on shares of WesBanco in a research note on Thursday, January 23rd. StockNews.com raised shares of WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods upgraded shares of WesBanco from a "market perform" rating to an "outperform" rating and upped their target price for the company from $40.00 to $44.00 in a research report on Monday, February 10th. Finally, Piper Sandler assumed coverage on WesBanco in a research note on Thursday, April 3rd. They issued an "overweight" rating and a $37.00 price target on the stock. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, WesBanco has a consensus rating of "Moderate Buy" and a consensus price target of $39.43.

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WesBanco Stock Down 5.7 %

Shares of NASDAQ WSBC traded down $1.63 during mid-day trading on Thursday, reaching $27.16. 714,924 shares of the company's stock were exchanged, compared to its average volume of 393,783. WesBanco, Inc. has a twelve month low of $25.56 and a twelve 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 firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 12.13 and a beta of 0.76. The business has a fifty day simple moving average of $32.74 and a 200 day simple moving average of $32.83.

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 the consensus estimate of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. As a group, equities analysts expect that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a $0.37 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.48 annualized dividend and a yield of 5.45%. WesBanco's dividend 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.