Stratos Wealth Partners LTD. Acquires 995 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Stratos Wealth Partners LTD. increased its holdings in WesBanco, Inc. (NASDAQ:WSBC) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,397 shares of the financial services provider’s stock after purchasing an additional 995 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in WesBanco were worth $295,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of WesBanco in the first quarter worth $35,000. Ancora Advisors LLC bought a new stake in shares of WesBanco in the first quarter worth $43,000. Resurgent Financial Advisors LLC bought a new stake in shares of WesBanco in the fourth quarter worth $50,000. Sound Income Strategies LLC grew its stake in shares of WesBanco by 2,688.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,478 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of WesBanco by 552.6% in the first quarter. Tower Research Capital LLC TRC now owns 1,625 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 1,376 shares during the last quarter. Institutional investors own 61.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price objective on shares of WesBanco in a research note on Tuesday, April 9th. Raymond James raised 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 report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, WesBanco has an average rating of “Hold” and a consensus price target of $30.75.

WesBanco Stock Performance

Shares of WSBC opened at $27.27 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.62 billion, a P/E ratio of 10.86 and a beta of 0.86. The firm’s fifty day simple moving average is $28.68 and its two-hundred day simple moving average is $28.08. WesBanco, Inc. has a 12 month low of $19.84 and a 12 month high of $32.20.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.55 earnings per share 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 company had revenue of $221.47 million for the quarter, compared to analyst estimates of $146.70 million. During the same quarter in the prior year, the company posted $0.84 EPS. As a group, analysts predict that WesBanco, Inc. will post 2.27 EPS for the current year.

WesBanco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.44 annualized dividend and a dividend yield of 5.28%. WesBanco’s dividend payout ratio is currently 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.