WesBanco, Inc. (NASDAQ:WSBC) Holdings Trimmed by Invesco Ltd.

Invesco Ltd. trimmed its stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 830,563 shares of the financial services provider's stock after selling 72,434 shares during the period. Invesco Ltd. owned about 1.24% of WesBanco worth $27,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of WSBC. Principal Securities Inc. grew its holdings in WesBanco by 40.9% during the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock valued at $68,000 after buying an additional 603 shares during the last quarter. Roble Belko & Company Inc purchased a new stake in WesBanco during the 4th quarter worth $78,000. Allworth Financial LP raised its position in WesBanco by 668.5% in the fourth quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 2,146 shares during the period. Hilltop National Bank lifted its stake 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. Finally, Kentucky Trust Co purchased a new stake in shares of WesBanco in the fourth quarter worth about $126,000. Institutional investors and hedge funds own 61.41% of the company's stock.

WesBanco Stock Performance

WSBC stock traded down $0.34 during midday trading on Monday, reaching $27.96. The company had a trading volume of 579,534 shares, compared to its average volume of 412,042. 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 stock has a 50 day moving average price of $31.61 and a 200 day moving average price of $32.79. The firm has a market capitalization of $1.87 billion, a PE ratio of 12.48 and a beta of 0.76. WesBanco, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $37.36.

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 for the quarter, beating the consensus estimate of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. Analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 yield of 5.29%. WesBanco's dividend payout ratio is presently 66.07%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WSBC shares. StockNews.com upgraded shares of WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Piper Sandler assumed coverage on shares of WesBanco in a report on Thursday, April 3rd. They issued an "overweight" rating and a $37.00 price objective on the stock. Keefe, Bruyette & Woods raised WesBanco from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $40.00 to $44.00 in a research report on Monday, February 10th. Raymond James reduced their target price on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Finally, DA Davidson lifted their price target on shares of WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.43.

About WesBanco

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.