International Assets Investment Management LLC Boosts Stake in WesBanco, Inc. (NASDAQ:WSBC)

International Assets Investment Management LLC grew its stake in WesBanco, Inc. (NASDAQ:WSBC) by 3,037.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,549 shares of the financial services provider’s stock after acquiring an additional 99,280 shares during the quarter. International Assets Investment Management LLC owned about 0.17% of WesBanco worth $3,269,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WSBC. Price T Rowe Associates Inc. MD grew its stake in WesBanco by 0.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,763 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 313 shares during the last quarter. UBS Group AG grew its position in shares of WesBanco by 2.4% in the 2nd quarter. UBS Group AG now owns 13,774 shares of the financial services provider’s stock worth $437,000 after buying an additional 322 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of WesBanco by 9.8% during the 2nd quarter. Captrust Financial Advisors now owns 3,780 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 338 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of WesBanco by 8.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,768 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 389 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in WesBanco by 1.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 22,791 shares of the financial services provider’s stock valued at $843,000 after acquiring an additional 389 shares during the last quarter. 61.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WSBC. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price target on shares of WesBanco in a report on Tuesday, April 9th. Raymond James raised WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.75.

WesBanco Trading Up 1.3 %

NASDAQ:WSBC opened at $27.34 on Thursday. The company has a market capitalization of $1.62 billion, a P/E ratio of 10.89 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, Inc. has a 12 month low of $19.84 and a 12 month high of $32.20. The firm has a fifty day simple moving average of $28.65 and a 200-day simple moving average of $28.09.

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 analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $221.47 million for the quarter, compared to analyst estimates of $146.70 million. WesBanco had a return on equity of 6.94% and a net margin of 19.11%. During the same period in the prior year, the firm posted $0.84 EPS. On average, equities research analysts anticipate that WesBanco, Inc. will post 2.27 earnings per share for the current year.

WesBanco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors 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 annualized dividend and a yield of 5.27%. WesBanco’s dividend payout ratio (DPR) is presently 57.37%.

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.