QSV Equity Investors LLC Invests $1.61 Million in WesBanco, Inc. $WSBC

Key Points

• QSV Equity Investors LLC acquired 51,940 shares of WesBanco, Inc. valued at approximately $1.6 million, making it the fund's 19th largest holding.
• WesBanco has announced a quarterly dividend of $0.37 per share, resulting in an annualized payout of $1.48 and a dividend yield of 4.8%.
• Analysts have a consensus rating of "Moderate Buy" for WesBanco, with a price target revised to $38.83, following adjustments by major brokerages.

QSV Equity Investors LLC acquired a new position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,940 shares of the financial services provider's stock, valued at approximately $1,608,000. WesBanco comprises approximately 1.7% of QSV Equity Investors LLC's holdings, making the stock its 19th largest position. QSV Equity Investors LLC owned approximately 0.08% of WesBanco as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Swiss National Bank raised its holdings in WesBanco by 58.8% during the first quarter. Swiss National Bank now owns 185,977 shares of the financial services provider's stock worth $5,758,000 after buying an additional 68,832 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of WesBanco by 258.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,232 shares of the financial services provider's stock valued at $1,215,000 after purchasing an additional 28,302 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of WesBanco by 7.1% in the first quarter. Envestnet Asset Management Inc. now owns 258,682 shares of the financial services provider's stock valued at $8,009,000 after purchasing an additional 17,172 shares during the last quarter. Keybank National Association OH purchased a new stake in shares of WesBanco in the first quarter valued at about $2,108,000. Finally, Nuveen Asset Management LLC raised its holdings in shares of WesBanco by 13.4% in the fourth quarter. Nuveen Asset Management LLC now owns 492,167 shares of the financial services provider's stock valued at $16,015,000 after purchasing an additional 58,214 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company's stock.

Analyst Upgrades and Downgrades

WSBC has been the subject of several analyst reports. Royal Bank Of Canada lowered their target price 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. Keefe, Bruyette & Woods lowered their target price on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $38.83.

WesBanco Stock Performance

WSBC traded up $1.64 during trading on Friday, hitting $32.83. 548,758 shares of the company traded hands, compared to its average volume of 527,425. The firm has a market cap of $3.15 billion, a P/E ratio of 19.78 and a beta of 0.87. The stock's fifty day moving average is $31.54 and its 200 day moving average is $31.55. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.57. WesBanco, Inc. has a one year low of $26.42 and a one year high of $37.36.

WesBanco (NASDAQ:WSBC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $260.73 million during the quarter, compared to analyst estimates of $261.14 million. WesBanco had a net margin of 11.65% and a return on equity of 7.29%. During the same quarter in the prior year, the business earned $0.49 earnings per share. As a group, equities analysts predict that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.5%. WesBanco's payout ratio 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.