WesBanco, Inc. (NASDAQ:WSBC) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its holdings in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 763,720 shares of the financial services provider's stock after acquiring an additional 16,997 shares during the period. Northern Trust Corp owned 1.14% of WesBanco worth $24,851,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WSBC. Sterling Capital Management LLC lifted its holdings in WesBanco by 807.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 1,614 shares during the last quarter. Principal Securities Inc. lifted its holdings in WesBanco by 40.9% in the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 603 shares during the last quarter. Allworth Financial LP lifted its holdings in WesBanco by 668.5% in the fourth quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock valued at $78,000 after acquiring an additional 2,146 shares during the last quarter. Roble Belko & Company Inc acquired a new position in WesBanco in the fourth quarter valued at approximately $78,000. Finally, Quarry LP acquired a new position in WesBanco in the fourth quarter valued at approximately $89,000. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Stock Down 0.9%

WesBanco stock opened at $30.79 on Monday. WesBanco, Inc. has a twelve month low of $25.56 and a twelve month high of $37.36. The stock's fifty day simple moving average is $30.06 and its 200-day simple moving average is $32.75. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $2.06 billion, a P/E ratio of 13.75 and a beta of 0.81.

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. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. The business had revenue of $253.23 million for the quarter, compared to analyst estimates of $206.63 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. As a group, equities analysts expect that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were 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 of this dividend was Monday, March 10th. WesBanco's dividend payout ratio is currently 96.73%.

Analyst Upgrades and Downgrades

WSBC has been the topic of a number of recent analyst reports. Raymond James decreased their price objective on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Stephens restated an "equal weight" rating and set a $39.00 price target on shares of WesBanco in a research note on Thursday, January 23rd. StockNews.com upgraded WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. DA Davidson upped their price target on WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price target on WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, WesBanco currently has a consensus rating of "Moderate Buy" and a consensus 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.

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