Sei Investments Co. Acquires 64,602 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Sei Investments Co. boosted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 358,264 shares of the financial services provider's stock after buying an additional 64,602 shares during the quarter. Sei Investments Co. owned approximately 0.54% of WesBanco worth $11,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in shares of WesBanco during the 3rd quarter worth approximately $116,114,000. State Street Corp raised its position in shares of WesBanco by 1.8% in the third quarter. State Street Corp now owns 1,934,453 shares of the financial services provider's stock valued at $58,313,000 after purchasing an additional 35,030 shares during the period. Geode Capital Management LLC lifted its stake in shares of WesBanco by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,419,070 shares of the financial services provider's stock worth $42,268,000 after buying an additional 32,879 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of WesBanco by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 872,035 shares of the financial services provider's stock worth $28,376,000 after buying an additional 50,704 shares during the period. Finally, FMR LLC boosted its holdings in shares of WesBanco by 25.8% during the 3rd quarter. FMR LLC now owns 695,487 shares of the financial services provider's stock worth $20,712,000 after buying an additional 142,597 shares during the period. Institutional investors own 61.41% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Raymond James cut 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. StockNews.com raised WesBanco from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. DA Davidson boosted 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. Keefe, Bruyette & Woods upgraded WesBanco from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $40.00 to $44.00 in a research report on Monday, February 10th. Finally, Stephens reissued an "equal weight" rating and set a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.43.

WesBanco Price Performance

Shares of WSBC traded down $2.52 during trading hours on Thursday, hitting $28.53. 761,008 shares of the company were exchanged, compared to its average volume of 379,881. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. WesBanco, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $37.36. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 12.74 and a beta of 0.84. The firm's fifty day moving average is $33.72 and its 200 day moving average is $32.97.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its quarterly earnings data 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 fiscal year.

WesBanco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid 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 5.19%. WesBanco's dividend payout ratio (DPR) is 66.07%.

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.