Raymond James Financial Inc. purchased a new position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 164,275 shares of the financial services provider's stock, valued at approximately $5,345,000. Raymond James Financial Inc. owned approximately 0.25% of WesBanco at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in WesBanco during the third quarter valued at approximately $56,000. Principal Securities Inc. grew its stake in shares of WesBanco by 40.9% in the fourth 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 in the last quarter. Roble Belko & Company Inc acquired a new position in WesBanco during the fourth quarter worth $78,000. Allworth Financial LP lifted its stake 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 acquiring an additional 2,146 shares during the last quarter. Finally, Hilltop National Bank grew its position in shares of WesBanco by 19.6% in the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 413 shares during the period. 61.41% of the stock is currently owned by institutional investors and hedge funds.
WesBanco Trading Down 3.0 %
Shares of WesBanco stock traded down $0.97 during midday trading on Friday, reaching $30.86. The company had a trading volume of 515,387 shares, compared to its average volume of 373,162. The stock has a fifty day moving average price of $33.88 and a 200 day moving average price of $32.98. WesBanco, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $37.36. 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 current ratio of 0.93 and a quick ratio of 0.93.
WesBanco (NASDAQ:WSBC - Get Free Report) last issued its quarterly 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 net margin of 15.89% and a return on equity of 6.30%. On average, equities analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current year.
WesBanco Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Monday, March 10th. WesBanco's dividend payout ratio (DPR) is presently 66.07%.
Analyst Upgrades and Downgrades
WSBC has been the subject of several recent analyst reports. DA Davidson raised their target price on shares of WesBanco from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, January 27th. StockNews.com upgraded WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Stephens reiterated an "equal weight" rating and issued a $39.00 price objective on shares of WesBanco in a report on Thursday, January 23rd. 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 research note on Monday, February 10th. Finally, Raymond James raised shares of WesBanco from an "outperform" rating to a "strong-buy" rating and increased their price target for the company from $35.00 to $44.00 in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $40.83.
Check Out Our Latest Research Report on WSBC
WesBanco Profile
(
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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