3,861 Shares in WesBanco, Inc. (NASDAQ:WSBC) Bought by Kentucky Trust Co

Kentucky Trust Co acquired a new position in WesBanco, Inc. (NASDAQ:WSBC) during the fourth quarter, Holdings Channel reports. The firm acquired 3,861 shares of the financial services provider’s stock, valued at approximately $126,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WSBC. Hilltop National Bank raised its position in WesBanco by 19.6% during the fourth quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 413 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in WesBanco by 3.9% during the third quarter. Harbor Capital Advisors Inc. now owns 17,590 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 668 shares in the last quarter. Cerity Partners LLC raised its position in WesBanco by 3.0% during the third quarter. Cerity Partners LLC now owns 30,049 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 867 shares in the last quarter. Inspire Investing LLC raised its position in WesBanco by 9.3% during the third quarter. Inspire Investing LLC now owns 13,801 shares of the financial services provider’s stock valued at $411,000 after purchasing an additional 1,171 shares in the last quarter. Finally, CWM LLC raised its position in WesBanco by 175.2% during the third quarter. CWM LLC now owns 2,072 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,319 shares in the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

WesBanco Stock Down 2.0 %

NASDAQ WSBC opened at $36.34 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $2.43 billion, a PE ratio of 16.22 and a beta of 0.84. WesBanco, Inc. has a 1 year low of $25.56 and a 1 year high of $37.36. The business’s 50-day moving average is $33.70 and its 200 day moving average is $32.45.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. Sell-side analysts forecast that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, December 6th. This is a boost from WesBanco’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 4.07%. WesBanco’s dividend payout ratio (DPR) is presently 66.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WSBC shares. Stephens restated an “equal weight” rating and set a $39.00 price target on shares of WesBanco in a research report on Thursday, January 23rd. StockNews.com upgraded WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Keefe, Bruyette & Woods upgraded WesBanco from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $40.00 to $44.00 in a report on Monday. DA Davidson lifted their price objective on WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Raymond James upgraded WesBanco from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $35.00 to $44.00 in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.83.

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.