Curran Financial Partners LLC Purchases New Holdings in WesBanco, Inc. (NASDAQ:WSBC)

Curran Financial Partners LLC purchased a new stake in WesBanco, Inc. (NASDAQ:WSBC) in the fourth quarter, HoldingsChannel reports. The firm purchased 7,732 shares of the financial services provider’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WSBC. Vanguard Group Inc. boosted its stake in WesBanco by 1.2% in the third quarter. Vanguard Group Inc. now owns 5,979,494 shares of the financial services provider’s stock valued at $146,019,000 after acquiring an additional 71,928 shares during the last quarter. Macquarie Group Ltd. lifted its position in WesBanco by 2.4% in the 1st quarter. Macquarie Group Ltd. now owns 1,868,806 shares of the financial services provider’s stock valued at $57,372,000 after acquiring an additional 44,630 shares in the last quarter. State Street Corp increased its stake in WesBanco by 2.5% in the 2nd quarter. State Street Corp now owns 1,778,723 shares of the financial services provider’s stock valued at $46,142,000 after buying an additional 43,024 shares during the last quarter. Earnest Partners LLC increased its stake in WesBanco by 10.5% in the 3rd quarter. Earnest Partners LLC now owns 1,484,752 shares of the financial services provider’s stock valued at $36,258,000 after buying an additional 140,870 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in WesBanco by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,209,466 shares of the financial services provider’s stock valued at $30,974,000 after buying an additional 36,016 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WSBC. Raymond James upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Friday, January 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price target on shares of WesBanco in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.75.

WesBanco Stock Performance

NASDAQ WSBC traded up $0.29 during trading on Thursday, reaching $27.63. The company’s stock had a trading volume of 18,392 shares, compared to its average volume of 200,006. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. WesBanco, Inc. has a 12 month low of $19.84 and a 12 month high of $32.20. The firm has a 50 day moving average price of $28.65 and a 200 day moving average price of $28.09.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $221.47 million for the quarter, compared to the consensus estimate of $146.70 million. WesBanco had a return on equity of 6.94% and a net margin of 19.11%. During the same period last year, the company posted $0.84 EPS. As a group, equities analysts anticipate that WesBanco, Inc. will post 2.27 EPS for the current fiscal year.

WesBanco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend was Thursday, March 7th. WesBanco’s dividend payout ratio is 57.37%.

WesBanco Company 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.