Corient Private Wealth LLC Has $721,000 Stake in WesBanco, Inc. (NASDAQ:WSBC)

Corient Private Wealth LLC grew its stake in WesBanco, Inc. (NASDAQ:WSBC) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,153 shares of the financial services provider’s stock after buying an additional 935 shares during the period. Corient Private Wealth LLC’s holdings in WesBanco were worth $721,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new position in WesBanco in the 3rd quarter valued at $116,114,000. State Street Corp boosted its holdings in WesBanco by 1.8% during the third quarter. State Street Corp now owns 1,934,453 shares of the financial services provider’s stock valued at $58,313,000 after acquiring an additional 35,030 shares during the period. Geode Capital Management LLC grew its position in shares of WesBanco by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,419,070 shares of the financial services provider’s stock valued at $42,268,000 after purchasing an additional 32,879 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of WesBanco by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 872,035 shares of the financial services provider’s stock worth $28,376,000 after purchasing an additional 50,704 shares during the period. Finally, FMR LLC lifted its position in shares of WesBanco by 25.8% during the 3rd quarter. FMR LLC now owns 695,487 shares of the financial services provider’s stock worth $20,712,000 after purchasing an additional 142,597 shares during the last quarter. Institutional investors own 61.41% of the company’s stock.

WesBanco Price Performance

NASDAQ:WSBC opened at $30.86 on Friday. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.78 and a beta of 0.84. The company has a 50-day moving average of $33.88 and a 200-day moving average of $32.97. WesBanco, Inc. has a 52 week low of $25.56 and a 52 week high of $37.36. 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) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. As a group, equities research analysts anticipate 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 will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.48 annualized dividend and a yield of 4.80%. WesBanco’s dividend payout ratio is currently 66.07%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WSBC. Keefe, Bruyette & Woods raised WesBanco from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $44.00 in a research report on Monday, February 10th. StockNews.com upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Stephens restated an “equal weight” rating and issued a $39.00 price target on shares of WesBanco in a research report on Thursday, January 23rd. DA Davidson upped their price objective on shares of WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Raymond James raised WesBanco from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $35.00 to $44.00 in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, WesBanco currently has a consensus rating of “Moderate Buy” and an average price target of $40.83.

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.