Victory Capital Management Inc. Has $3.68 Million Position in WesBanco, Inc. (NASDAQ:WSBC)

Victory Capital Management Inc. lowered its stake in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 30.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,107 shares of the financial services provider's stock after selling 49,574 shares during the period. Victory Capital Management Inc. owned approximately 0.17% of WesBanco worth $3,681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 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 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 buying an additional 603 shares during the last quarter. Roble Belko & Company Inc bought a new position in WesBanco in the 4th quarter worth $78,000. Allworth Financial LP lifted its position in WesBanco by 668.5% during the 4th quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock worth $78,000 after acquiring an additional 2,146 shares during the last quarter. Finally, Hilltop National Bank boosted its holdings in WesBanco by 19.6% during the fourth 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.

Analysts Set New Price Targets

WSBC has been the subject of several research analyst reports. StockNews.com raised WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. DA Davidson lifted their price target on WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Raymond James raised WesBanco from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from $35.00 to $44.00 in a research report on Friday, December 6th. Keefe, Bruyette & Woods raised shares of WesBanco from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $40.00 to $44.00 in a research report on Monday, February 10th. 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 analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, WesBanco currently has a consensus rating of "Moderate Buy" and an average target price of $40.83.

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WesBanco Trading Up 0.5 %

Shares of WesBanco stock traded up $0.14 on Wednesday, hitting $32.06. 463,576 shares of the company's stock traded hands, compared to its average volume of 611,581. WesBanco, Inc. has a one year low of $25.56 and a one year high of $37.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $2.15 billion, a PE ratio of 14.31 and a beta of 0.84. The firm's 50-day moving average price is $33.81 and its two-hundred day moving average price is $32.97.

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 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%. On average, research analysts expect that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.48 annualized dividend and a yield of 4.62%. WesBanco's dividend payout ratio (DPR) 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.