WesBanco, Inc. (NASDAQ:WSBC) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in WesBanco, Inc. (NASDAQ:WSBC) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 872,035 shares of the financial services provider’s stock after purchasing an additional 50,704 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.30% of WesBanco worth $28,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in WesBanco in the fourth quarter valued at $328,000. Geode Capital Management LLC grew its position in WesBanco by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,419,070 shares of the financial services provider’s stock valued at $42,268,000 after acquiring an additional 32,879 shares during the period. Franklin Resources Inc. purchased a new stake in WesBanco during the third quarter valued at about $1,148,000. FMR LLC grew its position in WesBanco by 25.8% during the third quarter. FMR LLC now owns 695,487 shares of the financial services provider’s stock valued at $20,712,000 after acquiring an additional 142,597 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in WesBanco during the third quarter valued at about $212,000. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Trading Up 0.7 %

Shares of NASDAQ WSBC opened at $31.98 on Tuesday. The stock’s 50 day moving average price is $33.80 and its two-hundred day moving average price is $32.97. WesBanco, Inc. has a 52-week low of $25.56 and a 52-week high of $37.36. The stock has a market capitalization of $2.14 billion, a P/E ratio of 14.28 and a beta of 0.84. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating 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, analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Monday, March 10th. WesBanco’s payout ratio is 66.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WSBC shares. StockNews.com raised WesBanco from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Stephens reissued an “equal weight” rating and set a $39.00 price target on shares of WesBanco in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised WesBanco from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $44.00 in a research report on Monday, February 10th. Raymond James raised WesBanco from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $35.00 to $44.00 in a research report on Friday, December 6th. Finally, DA Davidson upped their target price on WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.