Deutsche Bank AG Acquires 17,097 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Deutsche Bank AG boosted its stake in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 54.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,611 shares of the financial services provider's stock after purchasing an additional 17,097 shares during the period. Deutsche Bank AG owned approximately 0.07% of WesBanco worth $1,582,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in shares of WesBanco during the 4th quarter valued at $328,000. Inspire Advisors LLC lifted its stake in shares of WesBanco by 18.7% during the 4th quarter. Inspire Advisors LLC now owns 63,184 shares of the financial services provider's stock valued at $2,056,000 after buying an additional 9,955 shares in the last quarter. Johnson Investment Counsel Inc. purchased a new position in shares of WesBanco during the 4th quarter valued at $323,000. Magnolia Private Wealth LLC purchased a new position in shares of WesBanco during the 4th quarter valued at $269,000. Finally, Bank of America Corp DE lifted its stake in WesBanco by 8.2% in the 4th quarter. Bank of America Corp DE now owns 1,537,252 shares of the financial services provider's stock worth $50,022,000 after purchasing an additional 116,796 shares in the last quarter. Institutional investors own 61.41% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on WSBC. Wall Street Zen upgraded shares of WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Piper Sandler began coverage on shares of WesBanco in a research note on Thursday, April 3rd. They issued an "overweight" rating and a $37.00 price target on the stock. Keefe, Bruyette & Woods decreased their price target on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Royal Bank of Canada decreased their price target on shares of WesBanco from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Finally, Raymond James decreased their price target on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, WesBanco presently has an average rating of "Moderate Buy" and an average price target of $38.71.

WesBanco Trading Down 0.4%

WesBanco stock traded down $0.12 during midday trading on Thursday, reaching $30.78. The stock had a trading volume of 43,639 shares, compared to its average volume of 445,418. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. WesBanco, Inc. has a 52-week low of $25.56 and a 52-week high of $37.36. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 13.74 and a beta of 0.81. The company has a fifty day moving average of $30.01 and a 200 day moving average of $32.67.

WesBanco (NASDAQ:WSBC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 15.89% and a return on equity of 6.30%. During the same period in the prior year, the company posted $0.56 EPS. On average, analysts anticipate 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 will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Friday, June 6th. WesBanco's dividend payout ratio (DPR) is presently 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.