8,420 Shares in WesBanco, Inc. (NASDAQ:WSBC) Acquired by GWN Securities Inc.

GWN Securities Inc. bought a new stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,420 shares of the financial services provider's stock, valued at approximately $288,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atria Investments Inc boosted its holdings in WesBanco by 22.7% in the 3rd quarter. Atria Investments Inc now owns 23,103 shares of the financial services provider's stock worth $688,000 after acquiring an additional 4,269 shares during the period. Empowered Funds LLC lifted its position in shares of WesBanco by 5.3% during the third quarter. Empowered Funds LLC now owns 185,932 shares of the financial services provider's stock worth $5,537,000 after purchasing an additional 9,380 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of WesBanco in the third quarter valued at $411,000. Landscape Capital Management L.L.C. acquired a new stake in WesBanco during the 3rd quarter valued at $428,000. Finally, Cerity Partners LLC grew its holdings in WesBanco by 3.0% during the 3rd quarter. Cerity Partners LLC now owns 30,049 shares of the financial services provider's stock valued at $895,000 after purchasing an additional 867 shares in the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WSBC. StockNews.com raised shares of WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods raised WesBanco from a "market perform" rating to an "outperform" rating and increased their price target for the company from $40.00 to $44.00 in a report on Monday, February 10th. Raymond James upgraded WesBanco from an "outperform" rating to a "strong-buy" rating and raised their price objective for the company from $35.00 to $44.00 in a research note on Friday, December 6th. DA Davidson upped their target price on WesBanco from $44.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Stephens reiterated an "equal weight" rating and set a $39.00 target price on shares of WesBanco in a research note 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.83.

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WesBanco Stock Performance

NASDAQ:WSBC traded down $0.21 during trading hours on Friday, reaching $31.55. 2,266,410 shares of the stock were exchanged, compared to its average volume of 351,993. The stock has a market capitalization of $2.11 billion, a P/E ratio of 14.08 and a beta of 0.84. The firm has a 50 day simple moving average of $33.82 and a 200-day simple moving average of $32.95. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. 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 announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. As a group, sell-side analysts forecast that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Monday, March 10th. WesBanco's dividend payout ratio is presently 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.