Denali Advisors LLC Increases Stock Holdings in WesBanco, Inc. (NASDAQ:WSBC)

Denali Advisors LLC increased its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 93.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,200 shares of the financial services provider's stock after purchasing an additional 62,900 shares during the quarter. Denali Advisors LLC owned approximately 0.19% of WesBanco worth $4,237,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in WSBC. Point72 Asset Management L.P. purchased a new stake in shares of WesBanco during the third quarter worth approximately $56,000. Principal Securities Inc. increased its position in shares of WesBanco by 40.9% during the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock worth $68,000 after purchasing an additional 603 shares in the last quarter. Roble Belko & Company Inc purchased a new stake in shares of WesBanco during the fourth quarter worth approximately $78,000. Allworth Financial LP increased its position in shares of WesBanco by 668.5% during the fourth quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock worth $78,000 after purchasing an additional 2,146 shares in the last quarter. Finally, Hilltop National Bank increased its position in shares of WesBanco by 19.6% during the fourth quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider's stock worth $82,000 after purchasing an additional 413 shares in the last quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on WSBC shares. DA Davidson raised their target price on WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods raised WesBanco from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $40.00 to $44.00 in a research note on Monday, February 10th. Stephens reaffirmed an "equal weight" rating and issued a $39.00 target price on shares of WesBanco in a research note on Thursday, January 23rd. Raymond James raised WesBanco from an "outperform" rating to a "strong-buy" rating and raised their target price for the stock from $35.00 to $44.00 in a research note on Friday, December 6th. Finally, StockNews.com raised WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Three 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.83.

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WesBanco Trading Down 0.3 %

Shares of NASDAQ WSBC traded down $0.09 during mid-day trading on Friday, reaching $35.07. 4,233,916 shares of the company's stock were exchanged, compared to its average volume of 577,229. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 15.66 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. The company's 50-day moving average is $33.93 and its 200-day moving average is $32.87.

WesBanco (NASDAQ:WSBC - Get Free Report) last released its quarterly 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 return on equity of 6.30% and a net margin of 15.89%. Analysts expect that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Monday, March 10th. WesBanco's dividend payout ratio is presently 66.07%.

WesBanco 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.