WesBanco, Inc. (NASDAQ:WSBC) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 1.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,979,494 shares of the financial services provider's stock after buying an additional 71,928 shares during the quarter. Vanguard Group Inc. owned approximately 10.07% of WesBanco worth $146,019,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quarry LP purchased a new position in shares of WesBanco during the 1st quarter valued at $35,000. Ancora Advisors LLC purchased a new stake in WesBanco in the 1st quarter worth $43,000. Resurgent Financial Advisors LLC purchased a new stake in WesBanco in the 4th quarter worth $50,000. Tower Research Capital LLC TRC lifted its stake in WesBanco by 552.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,625 shares of the financial services provider's stock worth $50,000 after purchasing an additional 1,376 shares in the last quarter. Finally, EMC Capital Management purchased a new stake in WesBanco in the 3rd quarter worth $51,000. Hedge funds and other institutional investors own 61.41% of the company's stock.

Analyst Ratings Changes

Separately, Raymond James upgraded shares of WesBanco from a "market perform" rating to an "outperform" rating and set a $34.00 price target on the stock in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $30.33.

WesBanco Price Performance

Shares of WesBanco stock traded down $0.56 during trading hours on Tuesday, reaching $28.64. The company's stock had a trading volume of 203,567 shares, compared to its average volume of 212,150. The firm has a 50 day moving average price of $29.01 and a 200-day moving average price of $27.81. WesBanco, Inc. has a one year low of $19.84 and a one year high of $32.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $1.70 billion, a P/E ratio of 11.41 and a beta of 0.86.

WesBanco (NASDAQ:WSBC - Get Free Report) last posted its earnings results on Monday, January 22nd. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01). WesBanco had a return on equity of 6.94% and a net margin of 19.11%. The business had revenue of $221.47 million during the quarter, compared to the consensus estimate of $146.70 million. During the same quarter last year, the firm earned $0.84 earnings per share. On average, analysts predict that WesBanco, Inc. will post 2.36 EPS for the current year.

WesBanco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.03%. WesBanco's dividend payout ratio (DPR) is presently 57.37%.

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.