Venture Visionary Partners LLC Buys New Shares in WesBanco, Inc. $WSBC

Key Points

• Venture Visionary Partners LLC acquired 29,528 shares of WesBanco, Inc., valued at approximately $914,000, in the first quarter.
• WesBanco reported earnings of $0.91 per share for the last quarter, beating analysts' expectations of $0.87, while its revenue was slightly below estimates.
• Brokerages have adjusted their price targets for WesBanco, with Keefe, Bruyette & Woods lowering their target from $43.00 to $40.00, and Royal Bank Of Canada from $36.00 to $34.00.

Venture Visionary Partners LLC bought a new position in WesBanco, Inc. (NASDAQ:WSBC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,528 shares of the financial services provider's stock, valued at approximately $914,000.

Several other large investors have also added to or reduced their stakes in the business. Federated Hermes Inc. bought a new stake in shares of WesBanco in the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of WesBanco during the 1st quarter worth approximately $34,000. Creative Financial Designs Inc. ADV acquired a new position in shares of WesBanco during the 1st quarter worth approximately $48,000. Caitong International Asset Management Co. Ltd grew its position in shares of WesBanco by 573.1% during the 1st 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 in the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of WesBanco by 807.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider's stock worth $59,000 after purchasing an additional 1,614 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company's stock.

Wall Street Analysts Forecast Growth

WSBC has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their target price on shares of WesBanco from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their target price on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock 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, WesBanco has an average rating of "Moderate Buy" and a consensus price target of $38.83.

WesBanco Trading Up 0.8%

WSBC traded up $0.27 during trading on Tuesday, reaching $32.63. 32,966 shares of the company's stock were exchanged, compared to its average volume of 594,680. WesBanco, Inc. has a one year low of $26.42 and a one year high of $37.36. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $3.13 billion, a PE ratio of 19.61 and a beta of 0.87. The firm has a fifty day moving average price of $31.59 and a two-hundred day moving average price of $31.48.

WesBanco (NASDAQ:WSBC - Get Free Report) last posted its earnings results 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. WesBanco had a net margin of 11.65% and a return on equity of 7.29%. The firm had revenue of $260.73 million for the quarter, compared to analyst estimates of $261.14 million. During the same period in the previous year, the firm posted $0.49 EPS. As a group, equities research analysts forecast that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 5th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, September 5th. WesBanco's dividend payout ratio (DPR) is currently 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.