Proficio Capital Partners LLC bought a new stake in WesBanco, Inc. (NASDAQ:WSBC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,091 shares of the financial services provider's stock, valued at approximately $328,000.
Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its holdings in WesBanco by 1.3% in the fourth quarter. IFP Advisors Inc now owns 22,873 shares of the financial services provider's stock valued at $744,000 after acquiring an additional 304 shares during the last quarter. Hilltop National Bank lifted its position in WesBanco by 19.6% during the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider's stock valued at $82,000 after purchasing an additional 413 shares during the period. Principal Securities Inc. boosted its stake in shares of WesBanco by 40.9% in the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 603 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of WesBanco by 7.2% during the 4th quarter. Handelsbanken Fonder AB now owns 11,900 shares of the financial services provider's stock worth $387,000 after buying an additional 800 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of WesBanco by 3.0% during the third quarter. Cerity Partners LLC now owns 30,049 shares of the financial services provider's stock worth $895,000 after buying an additional 867 shares during the last quarter. 61.41% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
WSBC has been the subject of a number of analyst reports. StockNews.com raised shares of WesBanco from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. Stephens reaffirmed an "equal weight" rating and set a $39.00 price objective on shares of WesBanco in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised WesBanco from a "market perform" rating to an "outperform" rating and increased their target price for the company from $40.00 to $44.00 in a research note on Monday, February 10th. Raymond James upgraded 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 report on Friday, December 6th. Finally, DA Davidson upped their price target on WesBanco from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.83.
Get Our Latest Report on WesBanco
WesBanco Trading Down 3.0 %
NASDAQ:WSBC traded down $0.97 on Friday, reaching $30.86. The company's stock had a trading volume of 515,387 shares, compared to its average volume of 373,162. WesBanco, Inc. has a 1-year low of $25.56 and a 1-year high of $37.36. The business's 50-day moving average price is $33.88 and its two-hundred day moving average price is $32.98. The firm has a market cap of $2.07 billion, a PE ratio of 13.78 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 (NASDAQ:WSBC - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) 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%. Equities research analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.
WesBanco Dividend Announcement
The business 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 $0.37 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.48 annualized dividend and a yield of 4.80%. WesBanco's dividend payout ratio is currently 66.07%.
WesBanco Profile
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Free Report)
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.
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