Marshall Wace LLP Invests $866,000 in WesBanco, Inc. (NASDAQ:WSBC)

Marshall Wace LLP acquired a new stake in WesBanco, Inc. (NASDAQ:WSBC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,599 shares of the financial services provider's stock, valued at approximately $866,000.

A number of other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC lifted 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 purchasing an additional 1,614 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of WesBanco by 40.9% during the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock worth $68,000 after acquiring an additional 603 shares in the last quarter. Roble Belko & Company Inc acquired a new position in shares of WesBanco in the 4th quarter worth $78,000. Allworth Financial LP lifted its holdings in shares of WesBanco by 668.5% during the fourth 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 last quarter. Finally, Hilltop National Bank boosted its position in shares of WesBanco by 19.6% in the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider's stock valued at $82,000 after purchasing an additional 413 shares during the period. 61.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WSBC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upgraded shares of WesBanco from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $40.00 to $44.00 in a report on Monday, February 10th. Royal Bank of Canada cut 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 note on Thursday. Stephens restated an "equal weight" rating and issued a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. Raymond James dropped their price target on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Piper Sandler assumed coverage on WesBanco in a research report on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price objective for the company. Three equities research 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.29.

WesBanco Stock Up 1.6 %

Shares of WesBanco stock traded up $0.49 during midday trading on Friday, reaching $30.42. 526,820 shares of the company's stock traded hands, compared to its average volume of 425,896. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 13.58 and a beta of 0.76. WesBanco, Inc. has a 52 week low of $25.56 and a 52 week high of $37.36. The company's 50 day simple moving average is $30.47 and its 200 day simple moving average is $32.76. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93.

WesBanco (NASDAQ:WSBC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.06. The business had revenue of $253.23 million for 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 last year, the business earned $0.56 EPS. Equities analysts expect that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.48 annualized dividend and a dividend yield of 4.87%. WesBanco's dividend payout ratio is presently 96.73%.

WesBanco 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.