WesBanco, Inc. (NASDAQ:WSBC) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in shares of WesBanco, Inc. (NASDAQ:WSBC) by 2,878.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,351 shares of the financial services provider’s stock after purchasing an additional 94,082 shares during the period. International Assets Investment Management LLC owned 0.15% of WesBanco worth $2,899,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WSBC. Smithfield Trust Co boosted its position in shares of WesBanco by 0.9% in the first quarter. Smithfield Trust Co now owns 49,575 shares of the financial services provider’s stock worth $1,478,000 after acquiring an additional 423 shares during the last quarter. Inspire Investing LLC boosted its position in shares of WesBanco by 4.6% in the second quarter. Inspire Investing LLC now owns 12,630 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 560 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of WesBanco by 3.9% in the second quarter. Raymond James Trust N.A. now owns 17,380 shares of the financial services provider’s stock worth $485,000 after acquiring an additional 647 shares during the last quarter. Quarry LP boosted its position in shares of WesBanco by 215.3% in the second quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 913 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of WesBanco by 214.5% in the second quarter. Signaturefd LLC now owns 1,384 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 944 shares during the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

WesBanco Trading Up 0.3 %

WSBC opened at $31.55 on Friday. The firm has a market capitalization of $2.11 billion, a P/E ratio of 15.10 and a beta of 0.81. The firm’s 50 day moving average is $30.63 and its 200-day moving average is $29.43. WesBanco, Inc. has a 52-week low of $24.55 and a 52-week high of $34.85. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.73.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $243.34 million for the quarter, compared to analyst estimates of $152.40 million. WesBanco had a net margin of 14.79% and a return on equity of 5.91%. During the same quarter last year, the firm posted $0.59 earnings per share. Analysts expect that WesBanco, Inc. will post 2.12 EPS for the current fiscal year.

WesBanco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were paid a dividend of $0.36 per share. The ex-dividend date was Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.56%. WesBanco’s dividend payout ratio is currently 68.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Hovde Group raised their target price on shares of WesBanco from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. DA Davidson raised their price target on shares of WesBanco from $35.00 to $42.00 and gave the company a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $35.00 price target on shares of WesBanco in a report on Monday, September 9th. Keefe, Bruyette & Woods raised their price target on shares of WesBanco from $30.00 to $34.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Finally, Stephens raised their price target on shares of WesBanco from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, WesBanco currently has an average rating of “Moderate Buy” and a consensus target price of $36.17.

Insider Activity

In related news, EVP Michael L. Perkins sold 5,363 shares of WesBanco stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $30.19, for a total value of $161,908.97. Following the completion of the sale, the executive vice president now owns 46,817 shares in the company, valued at approximately $1,413,405.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.44% of the company’s stock.

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.