Captrust Financial Advisors Has $461,000 Position in WesBanco, Inc. (NASDAQ:WSBC)

Captrust Financial Advisors boosted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC) by 36.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,158 shares of the financial services provider’s stock after buying an additional 3,803 shares during the period. Captrust Financial Advisors’ holdings in WesBanco were worth $461,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in WesBanco during the fourth quarter worth $328,000. Franklin Resources Inc. acquired a new stake in WesBanco during the third quarter worth $1,148,000. Inspire Advisors LLC boosted its stake in WesBanco by 18.7% during the fourth quarter. Inspire Advisors LLC now owns 63,184 shares of the financial services provider’s stock worth $2,056,000 after buying an additional 9,955 shares in the last quarter. Johnson Investment Counsel Inc. bought a new position in shares of WesBanco during the fourth quarter valued at $323,000. Finally, Magnolia Private Wealth LLC bought a new position in shares of WesBanco during the fourth quarter valued at $269,000. Institutional investors and hedge funds own 61.41% of the company’s stock.

WesBanco Trading Down 0.6%

Shares of WesBanco stock opened at $32.13 on Monday. WesBanco, Inc. has a 12-month low of $25.56 and a 12-month high of $37.36. The business’s 50 day moving average is $30.10 and its 200-day moving average is $32.79. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2.15 billion, a P/E ratio of 14.34 and a beta of 0.81.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. The business had revenue of $253.23 million for the quarter, compared to analysts’ expectations of $206.63 million. During the same quarter in the prior year, the business earned $0.56 EPS. Equities research analysts predict that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Monday, March 10th. WesBanco’s dividend payout ratio (DPR) is presently 96.73%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stephens reissued an “equal weight” rating and set a $39.00 price objective on shares of WesBanco in a report on Thursday, January 23rd. Piper Sandler assumed coverage on WesBanco in a report on Thursday, April 3rd. They set an “overweight” rating and a $37.00 price objective for the company. DA Davidson lifted their price objective on WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a report on Monday, January 27th. StockNews.com raised WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Raymond James reduced their price target on shares of WesBanco from $44.00 to $38.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.71.

WesBanco Company 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.