10,302 Shares in WesBanco, Inc. $WSBC Acquired by EP Wealth Advisors LLC

Key Points

• EP Wealth Advisors LLC has invested approximately $319,000 in WesBanco, Inc. by acquiring 10,302 shares in the first quarter.
• The company recently declared a quarterly dividend of $0.37 per share, yielding 4.6%, set to be paid on October 1st.
• WesBanco, Inc. reported earnings of $0.91 per share for the last quarter, exceeding expectations, with a projected 3.24 EPS for the current year.

EP Wealth Advisors LLC bought a new position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,302 shares of the financial services provider's stock, valued at approximately $319,000.

Several other hedge funds have also recently modified their holdings of WSBC. Federated Hermes Inc. bought a new stake in WesBanco during the first quarter worth $26,000. Smartleaf Asset Management LLC boosted its position in WesBanco by 132.5% in the first quarter. Smartleaf Asset Management LLC now owns 895 shares of the financial services provider's stock worth $28,000 after purchasing an additional 510 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in WesBanco in the first quarter worth $34,000. Creative Financial Designs Inc. ADV purchased a new position in WesBanco in the first quarter worth $48,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in WesBanco by 573.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,878 shares of the financial services provider's stock worth $58,000 after purchasing an additional 1,599 shares during the last quarter. Institutional investors own 61.41% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised WesBanco from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.83.

WesBanco Stock Performance

Shares of WesBanco stock traded down $0.27 on Friday, reaching $31.61. 258,765 shares of the company traded hands, compared to its average volume of 414,833. WesBanco, Inc. has a 52 week low of $26.42 and a 52 week high of $37.36. The company has a 50 day moving average of $31.81 and a 200 day moving average of $31.17. The firm has a market capitalization of $3.03 billion, a PE ratio of 19.04 and a beta of 0.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.94 and a quick ratio of 0.93.

WesBanco (NASDAQ:WSBC - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The firm had revenue of $260.73 million during the quarter, compared to the consensus estimate of $261.14 million. WesBanco had a net margin of 11.65% and a return on equity of 7.29%. During the same period in the prior year, the firm earned $0.49 EPS. Equities analysts forecast 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 Wednesday, October 1st. Investors of record on Friday, September 5th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.48 annualized dividend and a yield of 4.7%. WesBanco's dividend payout ratio (DPR) is 89.16%.

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.