WesBanco, Inc. (NASDAQ:WSBC) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its stake in shares of WesBanco, Inc. (NASDAQ:WSBC) by 11.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,762 shares of the financial services provider’s stock after acquiring an additional 1,222 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in WesBanco were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WSBC. Opal Wealth Advisors LLC purchased a new position in WesBanco in the first quarter valued at about $34,000. Creative Financial Designs Inc. ADV bought a new position in WesBanco in the 1st quarter worth about $48,000. Sterling Capital Management LLC lifted its stake in shares of WesBanco by 807.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 1,614 shares during the period. Quarry LP acquired a new stake in WesBanco during the fourth quarter valued at approximately $89,000. Finally, Amalgamated Bank lifted its stake in WesBanco by 46.0% during the first quarter. Amalgamated Bank now owns 2,959 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 932 shares during the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

WesBanco Stock Down 3.7%

Shares of NASDAQ:WSBC opened at $32.18 on Wednesday. The company has a market capitalization of $3.08 billion, a PE ratio of 21.03 and a beta of 0.85. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.50. WesBanco, Inc. has a twelve month low of $26.42 and a twelve month high of $37.36. The firm has a 50 day simple moving average of $31.54 and a 200-day simple moving average of $31.85.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. WesBanco had a return on equity of 6.07% and a net margin of 10.52%. The firm had revenue of $253.23 million during the quarter, compared to the consensus estimate of $206.63 million. During the same period last year, the business posted $0.56 EPS. On average, equities analysts predict that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.60%. The ex-dividend date was Friday, June 6th. WesBanco’s dividend payout ratio is currently 96.73%.

Analysts Set New Price Targets

A number of analysts have weighed in on WSBC shares. Keefe, Bruyette & Woods reduced their price target on shares of WesBanco from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, May 5th. Raymond James Financial lowered their target price on shares of WesBanco from $44.00 to $38.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 2nd. Royal Bank Of Canada decreased their price objective on shares of WesBanco from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Thursday, May 1st. Finally, Piper Sandler assumed coverage on shares of WesBanco in a research report on Thursday, April 3rd. They set an “overweight” rating and a $37.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.71.

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.