IFP Advisors Inc Purchases 304 Shares of WesBanco, Inc. (NASDAQ:WSBC)

IFP Advisors Inc raised its position in WesBanco, Inc. (NASDAQ:WSBC) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,873 shares of the financial services provider’s stock after buying an additional 304 shares during the period. IFP Advisors Inc’s holdings in WesBanco were worth $744,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in shares of WesBanco during the third quarter valued at approximately $56,000. Principal Securities Inc. boosted its position in WesBanco by 40.9% in the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 603 shares during the last quarter. Roble Belko & Company Inc bought a new position in WesBanco in the 4th quarter valued at $78,000. Allworth Financial LP increased its position in shares of WesBanco by 668.5% during the 4th quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 2,146 shares during the last quarter. Finally, Hilltop National Bank raised its stake in shares of WesBanco by 19.6% during the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 413 shares during the period. Institutional investors own 61.41% of the company’s stock.

WesBanco Stock Performance

Shares of WSBC stock opened at $35.16 on Friday. The firm’s 50 day moving average is $33.89 and its 200 day moving average is $32.83. The stock has a market capitalization of $2.35 billion, a P/E ratio of 15.70 and a beta of 0.84. WesBanco, Inc. has a 12 month low of $25.56 and a 12 month high of $37.36. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55.

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%. On average, sell-side analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.48 annualized dividend and a yield of 4.21%. WesBanco’s dividend payout ratio is currently 66.07%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WSBC shares. DA Davidson increased their price target on shares of WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods raised shares of WesBanco from a “market perform” rating to an “outperform” rating and increased their target price for the company from $40.00 to $44.00 in a research report on Monday, February 10th. Raymond James upgraded shares of WesBanco from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $35.00 to $44.00 in a research note on Friday, December 6th. Stephens reiterated an “equal weight” rating and issued a $39.00 price objective on shares of WesBanco in a research note on Thursday, January 23rd. Finally, StockNews.com raised WesBanco from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, WesBanco currently has an average rating of “Moderate Buy” and an average 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.