QSV Equity Investors LLC Purchases Shares of 51,940 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 purchased a new stake in WesBanco, Inc. (NASDAQ:WSBC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 51,940 shares of the financial services provider's stock, valued at approximately $1,608,000. WesBanco accounts for about 1.7% of QSV Equity Investors LLC's holdings, making the stock its 19th biggest holding. QSV Equity Investors LLC owned 0.08% of WesBanco as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank grew its holdings 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 in the last quarter. Bank of Montreal Can grew its stake in WesBanco by 3.4% in the 4th quarter. Bank of Montreal Can now owns 20,092 shares of the financial services provider's stock valued at $654,000 after purchasing an additional 665 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of WesBanco by 9.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,397 shares of the financial services provider's stock valued at $272,000 after buying an additional 730 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of WesBanco during the 1st quarter valued at $26,000. Finally, Amalgamated Bank lifted its position in shares of WesBanco by 46.0% during the 1st quarter. Amalgamated Bank now owns 2,959 shares of the financial services provider's stock valued at $92,000 after buying an additional 932 shares during the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

WesBanco Price Performance

WSBC opened at $30.67 on Monday. The stock's 50 day simple moving average is $31.52 and its 200 day simple moving average is $31.62. 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, Inc. has a 1 year low of $26.42 and a 1 year high of $37.36. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 18.48 and a beta of 0.87.

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

WesBanco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were given a dividend of $0.37 per share. The ex-dividend date was Friday, June 6th. This represents a $1.48 annualized dividend and a dividend yield of 4.8%. WesBanco's payout ratio is currently 89.16%.

Analyst Ratings Changes

A number of brokerages recently issued reports on WSBC. Royal Bank Of Canada dropped their price objective on WesBanco from $36.00 to $34.00 and set a "sector perform" rating on the stock 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 research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.83.

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.

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