Inspire Advisors LLC Increases Stock Position in WesBanco, Inc. (NASDAQ:WSBC)

Inspire Advisors LLC grew its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,184 shares of the financial services provider's stock after purchasing an additional 9,955 shares during the period. Inspire Advisors LLC owned approximately 0.09% of WesBanco worth $2,056,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in WesBanco by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,419,070 shares of the financial services provider's stock valued at $42,268,000 after purchasing an additional 32,879 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of WesBanco during the 3rd quarter valued at $1,148,000. FMR LLC lifted 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 acquiring an additional 142,597 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of WesBanco during the 3rd quarter worth $212,000. Finally, Magnolia Private Wealth LLC purchased a new position in WesBanco in the fourth quarter worth $269,000. Institutional investors own 61.41% of the company's stock.

WesBanco Trading Up 1.6 %

Shares of WSBC stock traded up $0.50 during mid-day trading on Wednesday, reaching $31.06. The stock had a trading volume of 341,041 shares, compared to its average volume of 608,560. The firm has a market capitalization of $2.08 billion, a PE ratio of 13.86 and a beta of 0.84. The stock's 50-day moving average price is $33.86 and its two-hundred day moving average price is $32.99. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. WesBanco, Inc. has a 52-week low of $25.56 and a 52-week high of $37.36.

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WesBanco (NASDAQ:WSBC - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share 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%. Equities analysts expect that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, March 10th. This represents a $1.48 annualized dividend and a dividend yield of 4.77%. WesBanco's dividend payout ratio is 66.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. DA Davidson lifted their price target on WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Raymond James raised WesBanco from an "outperform" rating to a "strong-buy" rating and upped their target price for the stock from $35.00 to $44.00 in a research note on Friday, December 6th. Stephens reissued an "equal weight" rating and set a $39.00 price target on shares of WesBanco in a research note on Thursday, January 23rd. StockNews.com raised shares of WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, 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 report on Monday, February 10th. 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 MarketBeat, WesBanco has an average rating of "Moderate Buy" and a consensus price target of $40.83.

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.