Empowered Funds LLC Has $4.89 Million Stock Holdings in WesBanco, Inc. (NASDAQ:WSBC)

Empowered Funds LLC lifted its holdings in WesBanco, Inc. (NASDAQ:WSBC) by 8.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 163,952 shares of the financial services provider’s stock after purchasing an additional 12,392 shares during the quarter. Empowered Funds LLC owned about 0.28% of WesBanco worth $4,887,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new position in shares of WesBanco in the 4th quarter valued at approximately $31,000. Principal Securities Inc. bought a new stake in WesBanco in the 4th quarter valued at approximately $43,000. Sound Income Strategies LLC lifted its stake in WesBanco by 2,688.7% in the 4th quarter. Sound Income Strategies LLC now owns 1,478 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,425 shares in the last quarter. TFO Wealth Partners LLC lifted its stake in WesBanco by 26,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,156 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 3,144 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in WesBanco by 34.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,292 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 1,617 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Stock Up 0.1 %

WSBC opened at $29.61 on Friday. WesBanco, Inc. has a 1-year low of $23.00 and a 1-year high of $32.20. The stock’s fifty day simple moving average is $27.52 and its 200 day simple moving average is $28.49. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.76 billion, a PE ratio of 12.34 and a beta of 0.84.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. WesBanco had a return on equity of 6.50% and a net margin of 17.52%. The business had revenue of $225.96 million for the quarter, compared to analysts’ expectations of $147.81 million. During the same quarter in the prior year, the business earned $0.71 EPS. As a group, research analysts expect that WesBanco, Inc. will post 2.21 earnings per share for the current year.

WesBanco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Friday, June 7th. WesBanco’s dividend payout ratio is 60.00%.

Analysts Set New Price Targets

Several equities research analysts have commented on WSBC shares. Stephens cut their target price on WesBanco from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Hovde Group cut their target price on WesBanco from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 target price on shares of WesBanco in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.60.

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.