Bailard Inc. Buys Shares of 17,642 WesBanco, Inc. (NASDAQ:WSBC)

Bailard Inc. acquired a new stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,642 shares of the financial services provider's stock, valued at approximately $574,000.

Several other institutional investors have also recently made changes to their positions in WSBC. Nisa Investment Advisors LLC raised its holdings in shares of WesBanco by 1,011.9% during the third quarter. Nisa Investment Advisors LLC now owns 9,340 shares of the financial services provider's stock valued at $282,000 after purchasing an additional 8,500 shares during the period. New York State Common Retirement Fund raised its holdings in shares of WesBanco by 2.5% during the third quarter. New York State Common Retirement Fund now owns 500,890 shares of the financial services provider's stock valued at $14,917,000 after purchasing an additional 11,987 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of WesBanco by 3.9% during the third quarter. Harbor Capital Advisors Inc. now owns 17,590 shares of the financial services provider's stock valued at $524,000 after purchasing an additional 668 shares during the period. Philip James Wealth Mangement LLC acquired a new position in shares of WesBanco during the third quarter valued at about $234,000. Finally, Atria Investments Inc raised its holdings in shares of WesBanco by 22.7% during the third quarter. Atria Investments Inc now owns 23,103 shares of the financial services provider's stock valued at $688,000 after purchasing an additional 4,269 shares during the period. Institutional investors and hedge funds own 61.41% of the company's stock.

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WesBanco Stock Down 0.3 %

WSBC stock traded down $0.09 during trading on Friday, reaching $32.63. The stock had a trading volume of 666,907 shares, compared to its average volume of 605,707. WesBanco, Inc. has a one year low of $25.56 and a one year high of $37.36. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The company's 50 day moving average is $33.93 and its two-hundred day moving average is $32.96. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 14.57 and a beta of 0.84.

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

WesBanco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Monday, March 10th. WesBanco's payout ratio is 66.07%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WSBC. Keefe, Bruyette & Woods upgraded shares of WesBanco from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $40.00 to $44.00 in a report on Monday, February 10th. DA Davidson boosted their target price on shares of WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Raymond James raised shares of WesBanco from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $35.00 to $44.00 in a research report on Friday, December 6th. Stephens reissued an "equal weight" rating and set a $39.00 target price on shares of WesBanco in a research report on Thursday, January 23rd. Finally, StockNews.com raised shares of WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.83.

WesBanco Company Profile

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.