PharVision Advisers LLC Makes New Investment in WesBanco, Inc. (NASDAQ:WSBC)

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

Several other large investors have also made changes to their positions in the business. IFP Advisors Inc lifted its holdings in shares of WesBanco by 1.3% in the fourth quarter. IFP Advisors Inc now owns 22,873 shares of the financial services provider's stock worth $744,000 after buying an additional 304 shares in the last quarter. Comerica Bank boosted its stake in WesBanco by 6.0% during the fourth quarter. Comerica Bank now owns 6,482 shares of the financial services provider's stock worth $211,000 after buying an additional 368 shares during the period. Principal Securities Inc. lifted its holdings in shares of WesBanco by 40.9% in the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock worth $68,000 after acquiring an additional 603 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of WesBanco by 3.4% during the 4th quarter. Bank of Montreal Can now owns 20,092 shares of the financial services provider's stock worth $654,000 after purchasing an additional 665 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its holdings in WesBanco by 12.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 6,331 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 695 shares during the last quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

WesBanco Stock Performance

Shares of WSBC stock opened at $31.94 on Wednesday. WesBanco, Inc. has a 12-month low of $25.56 and a 12-month high of $37.36. The business's fifty day simple moving average is $30.14 and its 200-day simple moving average is $32.79. 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 market cap of $2.14 billion, a PE ratio of 14.26 and a beta of 0.81.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. The company had revenue of $253.23 million for the quarter, compared to analyst estimates of $206.63 million. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. During the same period in the prior year, the company posted $0.56 EPS. Analysts expect that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Monday, March 10th. WesBanco's dividend payout ratio (DPR) is presently 96.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. DA Davidson raised 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. StockNews.com raised shares of WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Royal Bank of Canada lowered their price target on WesBanco from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods reduced their price objective on WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Finally, Stephens reiterated an "equal weight" rating and issued a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.71.

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.

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