WesBanco, Inc. (NASDAQ:WSBC) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 258.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,232 shares of the financial services provider's stock after buying an additional 28,302 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.06% of WesBanco worth $1,215,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of WSBC. Opal Wealth Advisors LLC purchased a new position in shares of WesBanco in the 1st quarter valued at about $34,000. Sterling Capital Management LLC increased its holdings in shares of WesBanco by 807.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 1,614 shares in the last quarter. Quarry LP purchased a new position in shares of WesBanco in the 4th quarter valued at about $89,000. Cetera Investment Advisers purchased a new position in shares of WesBanco in the 4th quarter valued at about $200,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of WesBanco in the 4th quarter valued at about $201,000. Hedge funds and other institutional investors own 61.41% of the company's stock.

Analyst Ratings Changes

WSBC has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their price target on shares of WesBanco from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Raymond James Financial cut their price target on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Piper Sandler started coverage on shares of WesBanco in a research note on Thursday, April 3rd. They issued an "overweight" rating and a $37.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, WesBanco currently has an average rating of "Moderate Buy" and a consensus price target of $38.71.

WesBanco Price Performance

NASDAQ WSBC traded up $0.41 during trading hours on Friday, reaching $33.69. The company's stock had a trading volume of 269,383 shares, compared to its average volume of 480,557. The stock has a market cap of $3.22 billion, a PE ratio of 22.02 and a beta of 0.85. WesBanco, Inc. has a fifty-two week low of $26.42 and a fifty-two week high of $37.36. The company's 50-day moving average is $31.12 and its two-hundred day moving average is $31.85. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.93.

WesBanco (NASDAQ:WSBC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.06. WesBanco had a net margin of 10.52% and a return on equity of 6.07%. The firm had revenue of $253.23 million for the quarter, compared to analysts' expectations of $206.63 million. During the same period in the prior year, the company earned $0.56 EPS. Analysts forecast that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.48 annualized dividend and a dividend yield of 4.39%. WesBanco's dividend payout ratio is currently 96.73%.

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.