PharVision Advisers LLC Invests $375,000 in WesBanco, Inc. (NASDAQ:WSBC)

PharVision Advisers LLC bought a new position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,530 shares of the financial services provider's stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. IFP Advisors Inc increased its stake in shares of WesBanco by 1.3% during the 4th quarter. IFP Advisors Inc now owns 22,873 shares of the financial services provider's stock worth $744,000 after purchasing an additional 304 shares in the last quarter. Comerica Bank grew its holdings in WesBanco by 6.0% during the 4th quarter. Comerica Bank now owns 6,482 shares of the financial services provider's stock valued at $211,000 after buying an additional 368 shares during the last quarter. Principal Securities Inc. increased its position in WesBanco by 40.9% during the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock worth $68,000 after buying an additional 603 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of WesBanco by 3.4% in the fourth quarter. Bank of Montreal Can now owns 20,092 shares of the financial services provider's stock worth $654,000 after acquiring an additional 665 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of WesBanco by 12.3% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 6,331 shares of the financial services provider's stock worth $206,000 after acquiring an additional 695 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company's stock.

Wall Street Analyst Weigh In

WSBC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods decreased their price objective on WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Wall Street Zen raised shares of WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Royal Bank of Canada cut their price objective on shares of WesBanco from $36.00 to $34.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Piper Sandler assumed coverage on shares of WesBanco in a research note on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price objective on the stock. Finally, Raymond James decreased their target price on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. 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 company's stock. According to MarketBeat, WesBanco has an average rating of "Moderate Buy" and a consensus target price of $38.71.

WesBanco Trading Down 0.4%

Shares of NASDAQ WSBC traded down $0.13 on Monday, reaching $30.40. 610,249 shares of the company traded hands, compared to its average volume of 445,270. The stock has a market capitalization of $2.91 billion, a PE ratio of 13.57 and a beta of 0.81. WesBanco, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $37.36. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $30.06 and a 200 day moving average of $32.73.

WesBanco (NASDAQ:WSBC - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.06. The firm had revenue of $253.23 million during the quarter, compared to the consensus estimate of $206.63 million. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. During the same period in the previous year, the firm earned $0.56 earnings per share. On average, equities research analysts forecast 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 will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.87%. WesBanco's payout ratio is 96.73%.

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.