Invesco Ltd. Sells 72,434 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Invesco Ltd. lowered its stake in shares of WesBanco, Inc. (NASDAQ:WSBC) by 8.0% during the fourth quarter, HoldingsChannel reports. The firm owned 830,563 shares of the financial services provider’s stock after selling 72,434 shares during the quarter. Invesco Ltd.’s holdings in WesBanco were worth $27,027,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WSBC. Principal Securities Inc. increased its holdings in WesBanco by 40.9% during the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock worth $68,000 after buying an additional 603 shares during the last quarter. Roble Belko & Company Inc acquired a new position in shares of WesBanco during the 4th quarter worth about $78,000. Allworth Financial LP raised its holdings in shares of WesBanco by 668.5% in 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 period. Hilltop National Bank lifted its stake in WesBanco by 19.6% in the 4th 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 during the last quarter. Finally, Kentucky Trust Co bought a new position in WesBanco during the fourth quarter worth about $126,000. Institutional investors and hedge funds own 61.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stephens reaffirmed an “equal weight” rating and issued a $39.00 price objective on shares of WesBanco in a research report on Thursday, January 23rd. StockNews.com raised WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. DA Davidson upped their price objective on shares of WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $44.00 in a research note on Monday, February 10th. Finally, Raymond James decreased 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 note 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, WesBanco presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.43.

WesBanco Price Performance

WesBanco stock opened at $28.30 on Friday. The stock has a fifty day moving average of $31.78 and a 200-day moving average of $32.74. The stock has a market capitalization of $1.89 billion, a P/E ratio of 12.63 and a beta of 0.76. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. WesBanco, Inc. has a 52 week low of $25.56 and a 52 week high of $37.36.

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

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $0.37 per share. The ex-dividend date was Monday, March 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.23%. WesBanco’s payout ratio is presently 66.07%.

About WesBanco

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.