WesBanco, Inc. (NASDAQ:WSBC) Stock Position Raised by Deutsche Bank AG

Deutsche Bank AG boosted its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 54.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,611 shares of the financial services provider's stock after buying an additional 17,097 shares during the quarter. Deutsche Bank AG owned 0.07% of WesBanco worth $1,582,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in WesBanco by 807.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider's stock valued at $59,000 after buying an additional 1,614 shares in the last quarter. Principal Securities Inc. boosted its position 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 valued at $68,000 after purchasing an additional 603 shares during the period. Allworth Financial LP boosted its position in shares of WesBanco by 668.5% in the 4th quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 2,146 shares during the period. Quarry LP acquired a new position in shares of WesBanco in the 4th quarter valued at $89,000. Finally, Kentucky Trust Co acquired a new position in shares of WesBanco in the 4th quarter valued at $126,000. Institutional investors own 61.41% of the company's stock.

WesBanco Stock Up 3.4%

WesBanco stock traded up $1.04 during mid-day trading on Tuesday, hitting $31.44. The company's stock had a trading volume of 554,135 shares, compared to its average volume of 445,705. The firm's 50 day moving average is $30.03 and its 200 day moving average is $32.69. The company has a market cap of $3.01 billion, a PE ratio of 14.04 and a beta of 0.81. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. WesBanco, Inc. has a 52-week low of $25.56 and a 52-week high of $37.36.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. The firm had revenue of $253.23 million during the quarter, compared to the consensus estimate 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 business earned $0.56 EPS. On average, analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, June 6th. WesBanco's dividend payout ratio (DPR) is presently 96.73%.

Analyst Ratings Changes

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

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.