WesBanco, Inc. (NASDAQ:WSBC) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC) by 23.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,960 shares of the financial services provider’s stock after acquiring an additional 5,831 shares during the quarter. Cerity Partners LLC owned about 0.05% of WesBanco worth $971,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WSBC. Rhumbline Advisers raised its holdings in WesBanco by 0.5% during the third quarter. Rhumbline Advisers now owns 97,609 shares of the financial services provider’s stock worth $2,384,000 after purchasing an additional 505 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of WesBanco by 3.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,336 shares of the financial services provider’s stock valued at $826,000 after buying an additional 900 shares during the period. Stratos Wealth Partners LTD. boosted its stake in WesBanco by 11.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,397 shares of the financial services provider’s stock valued at $295,000 after buying an additional 995 shares in the last quarter. Watershed Asset Management L.L.C. grew its holdings in WesBanco by 12.2% during the third quarter. Watershed Asset Management L.L.C. now owns 10,064 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 1,092 shares during the period. Finally, Swiss National Bank raised its position in WesBanco by 1.0% in the third quarter. Swiss National Bank now owns 130,245 shares of the financial services provider’s stock worth $3,181,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors own 61.41% of the company’s stock.

Wall Street Analysts Forecast Growth

WSBC has been the subject of several research reports. Raymond James upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Friday, January 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price target on shares of WesBanco in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, WesBanco has a consensus rating of “Hold” and an average price target of $30.75.

WesBanco Price Performance

WSBC stock opened at $28.55 on Tuesday. WesBanco, Inc. has a one year low of $19.84 and a one year high of $32.20. The firm has a 50-day moving average of $28.61 and a two-hundred day moving average of $28.19. The firm has a market capitalization of $1.70 billion, a PE ratio of 11.37 and a beta of 0.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). WesBanco had a net margin of 19.11% and a return on equity of 6.94%. The firm had revenue of $221.47 million during the quarter, compared to analysts’ expectations of $146.70 million. During the same quarter last year, the company posted $0.84 EPS. On average, analysts forecast that WesBanco, Inc. will post 2.27 earnings per share for the current year.

WesBanco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a $0.36 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.44 annualized dividend and a dividend yield of 5.04%. WesBanco’s dividend payout ratio (DPR) is presently 57.37%.

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.