WesBanco, Inc. (NASDAQ:WSBC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in shares of WesBanco, Inc. (NASDAQ:WSBC) by 3,037.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,549 shares of the financial services provider’s stock after purchasing an additional 99,280 shares during the quarter. International Assets Investment Management LLC’s holdings in WesBanco were worth $3,269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates lifted its stake in shares of WesBanco by 2.4% in the 1st quarter. Raymond James & Associates now owns 31,599 shares of the financial services provider’s stock worth $1,086,000 after acquiring an additional 729 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in WesBanco by 423.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 34,671 shares of the financial services provider’s stock valued at $1,191,000 after purchasing an additional 28,046 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in WesBanco in the 1st quarter valued at approximately $237,000. Bank of Montreal Can increased its position in WesBanco by 2.3% during the 1st quarter. Bank of Montreal Can now owns 25,911 shares of the financial services provider’s stock worth $905,000 after purchasing an additional 583 shares during the period. Finally, MetLife Investment Management LLC raised its stake in shares of WesBanco by 57.4% during the 1st quarter. MetLife Investment Management LLC now owns 33,178 shares of the financial services provider’s stock worth $1,140,000 after buying an additional 12,095 shares in the last quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

WesBanco Stock Up 1.3 %

WSBC opened at $27.34 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. WesBanco, Inc. has a one year low of $19.84 and a one year high of $32.20. The business’s fifty day moving average is $28.65 and its two-hundred day moving average is $28.09.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data 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 return on equity of 6.94% and a net margin of 19.11%. The business had revenue of $221.47 million during the quarter, compared to analysts’ expectations of $146.70 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Analysts anticipate that WesBanco, Inc. will post 2.27 EPS for the current fiscal year.

WesBanco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.27%. WesBanco’s dividend payout ratio (DPR) is 57.37%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price objective on shares of WesBanco in a report 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 note on Friday, January 5th. One research 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. Based on data from MarketBeat.com, WesBanco has a consensus rating of “Hold” and a consensus price target of $30.75.

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.