Envestnet Asset Management Inc. Has $7.86 Million Holdings in WesBanco, Inc. (NASDAQ:WSBC)

Envestnet Asset Management Inc. lifted its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 241,510 shares of the financial services provider's stock after acquiring an additional 12,777 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.36% of WesBanco worth $7,859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WSBC. Vanguard Group Inc. grew its stake 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 worth $218,361,000 after purchasing an additional 705,483 shares during the period. Geode Capital Management LLC grew its stake in shares of WesBanco by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 1,502,057 shares of the financial services provider's stock worth $48,888,000 after purchasing an additional 82,987 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of WesBanco by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 872,035 shares of the financial services provider's stock worth $28,376,000 after purchasing an additional 50,704 shares during the period. Segall Bryant & Hamill LLC grew its stake in shares of WesBanco by 25.2% during the fourth quarter. Segall Bryant & Hamill LLC now owns 780,444 shares of the financial services provider's stock worth $25,396,000 after purchasing an additional 156,903 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of WesBanco by 30.5% during the fourth quarter. New York State Common Retirement Fund now owns 653,656 shares of the financial services provider's stock worth $21,270,000 after purchasing an additional 152,766 shares during the period. Institutional investors own 61.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WSBC shares. StockNews.com raised WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. DA Davidson raised their target price on shares of WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods upgraded shares of 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 report on Monday, February 10th. Stephens restated an "equal weight" rating and set a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. Finally, Raymond James dropped their target price on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. 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.com, WesBanco currently has a consensus rating of "Moderate Buy" and an average target price of $39.43.

WesBanco Stock Down 1.0 %

WSBC traded down $0.29 during trading on Thursday, reaching $29.30. 38,066 shares of the stock were exchanged, compared to its average volume of 414,513. The stock has a market cap of $1.96 billion, a P/E ratio of 13.06 and a beta of 0.76. WesBanco, Inc. has a twelve month low of $25.56 and a twelve month high of $37.36. The stock's 50 day moving average price is $31.32 and its two-hundred day moving average price is $32.74. 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 (NASDAQ:WSBC - Get Free Report) last released its quarterly earnings data 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 net margin of 15.89% and a return on equity of 6.30%. Equities analysts expect that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.05%. WesBanco's 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.