WesBanco, Inc. (NASDAQ:WSBC) Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 577,352 shares of the financial services provider's stock after buying an additional 142,285 shares during the quarter. Bank of New York Mellon Corp owned about 0.86% of WesBanco worth $18,787,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new stake in shares of WesBanco in the third quarter valued at approximately $56,000. Principal Securities Inc. increased its position in WesBanco by 40.9% in the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 603 shares during the period. Roble Belko & Company Inc bought a new stake in WesBanco during the 4th quarter valued at $78,000. Allworth Financial LP raised its stake in WesBanco by 668.5% during the 4th quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock valued at $78,000 after acquiring an additional 2,146 shares in the last quarter. Finally, Hilltop National Bank boosted its position in WesBanco by 19.6% during the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider's stock worth $82,000 after acquiring an additional 413 shares during the period. 61.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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WesBanco Price Performance

Shares of NASDAQ:WSBC traded up $0.56 during trading hours on Wednesday, hitting $31.12. 198,573 shares of the company's stock traded hands, compared to its average volume of 605,656. The company's fifty day simple moving average is $33.86 and its two-hundred day simple moving average is $32.99. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 13.87 and a beta of 0.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. WesBanco, Inc. has a 52 week low of $25.56 and a 52 week high of $37.36.

WesBanco (NASDAQ:WSBC - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share 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%. As a group, equities analysts anticipate that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Monday, March 10th. WesBanco's payout ratio is 66.07%.

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.