WesBanco, Inc. (NASDAQ:WSBC) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 68.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,187 shares of the financial services provider's stock after acquiring an additional 17,907 shares during the period. LPL Financial LLC owned about 0.07% of WesBanco worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

WesBanco Stock Performance

NASDAQ:WSBC traded up $0.63 during midday trading on Tuesday, hitting $28.59. The company's stock had a trading volume of 195,253 shares, compared to its average volume of 668,217. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. WesBanco, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $37.36. The firm's 50 day moving average is $31.61 and its 200-day moving average is $32.79. The firm has a market cap of $1.91 billion, a P/E ratio of 12.76 and a beta of 0.76.

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 (EPS) for the quarter, topping 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%. Equities analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $0.37 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.18%. WesBanco's payout ratio is 66.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WSBC shares. Piper Sandler began coverage on WesBanco in a research report on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price target on the stock. DA Davidson raised their price target on WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Raymond James decreased their price objective on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods upgraded shares of 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 note on Monday, February 10th. Finally, Stephens restated an "equal weight" rating and set a $39.00 price target on shares of WesBanco in a research note on Thursday, January 23rd. Three equities 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.43.

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.