International Assets Investment Management LLC Has $3.27 Million Position in WesBanco, Inc. (NASDAQ:WSBC)

International Assets Investment Management LLC lifted its stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 3,037.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,549 shares of the financial services provider's stock after purchasing an additional 99,280 shares during the period. International Assets Investment Management LLC owned about 0.17% of WesBanco worth $3,269,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Raymond James Trust N.A. bought a new position in WesBanco in the fourth quarter worth about $1,196,000. Denali Advisors LLC acquired a new stake in shares of WesBanco in the third quarter valued at approximately $357,000. Charles Schwab Investment Management Inc. increased its stake in shares of WesBanco by 16.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 762,966 shares of the financial services provider's stock valued at $18,632,000 after purchasing an additional 106,300 shares during the period. Vanguard Group Inc. increased its stake in shares of WesBanco by 1.2% in the third quarter. Vanguard Group Inc. now owns 5,979,494 shares of the financial services provider's stock valued at $146,019,000 after purchasing an additional 71,928 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of WesBanco by 15.4% in the third quarter. Deutsche Bank AG now owns 27,636 shares of the financial services provider's stock valued at $675,000 after purchasing an additional 3,685 shares during the period. Institutional investors own 61.41% of the company's stock.

WesBanco Price Performance

Shares of NASDAQ WSBC traded up $0.22 during mid-day trading on Thursday, reaching $27.56. 181,507 shares of the company traded hands, compared to its average volume of 202,213. WesBanco, Inc. has a fifty-two week low of $19.84 and a fifty-two week 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 firm has a market cap of $1.64 billion, a PE ratio of 10.98 and a beta of 0.86. The stock has a fifty day simple moving average of $28.63 and a 200-day simple moving average of $28.09.

WesBanco (NASDAQ:WSBC - Get Free Report) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01). The company had revenue of $221.47 million for the quarter, compared to analyst estimates of $146.70 million. WesBanco had a net margin of 19.11% and a return on equity of 6.94%. During the same quarter in the prior year, the business earned $0.84 EPS. Equities research analysts anticipate that WesBanco, Inc. will post 2.27 EPS for the current fiscal year.

WesBanco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 annualized dividend and a yield of 5.22%. WesBanco's dividend payout ratio (DPR) is 57.37%.

Wall Street Analyst Weigh In

Several brokerages have commented on WSBC. Royal Bank of Canada restated a "sector perform" rating and issued a $32.00 price target on shares of WesBanco in a research note on Tuesday, April 9th. 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 research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $30.75.

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.