Hazlett Burt & Watson Inc. Purchases 695 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Hazlett Burt & Watson Inc. boosted its position in shares of WesBanco, Inc. (NASDAQ:WSBC) by 12.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,331 shares of the financial services provider’s stock after purchasing an additional 695 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in WesBanco were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. IFP Advisors Inc raised its stake in shares of WesBanco by 1.3% during the fourth quarter. IFP Advisors Inc now owns 22,873 shares of the financial services provider’s stock worth $744,000 after buying an additional 304 shares during the last quarter. Hilltop National Bank raised its position in shares of WesBanco by 19.6% during the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 413 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of WesBanco by 40.9% in the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 603 shares during the period. Avantax Planning Partners Inc. boosted its position in shares of WesBanco by 1.6% in the 4th quarter. Avantax Planning Partners Inc. now owns 48,473 shares of the financial services provider’s stock worth $1,577,000 after purchasing an additional 756 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of WesBanco by 7.2% during the fourth quarter. Handelsbanken Fonder AB now owns 11,900 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 800 shares during the period. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on WSBC. Stephens restated an “equal weight” rating and set a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. DA Davidson boosted 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. StockNews.com upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Raymond James raised shares of WesBanco from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $35.00 to $44.00 in a report on Friday, December 6th. Finally, Keefe, Bruyette & Woods raised WesBanco from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $44.00 in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, WesBanco has an average rating of “Moderate Buy” and an average target price of $40.83.

WesBanco Trading Down 3.0 %

WSBC opened at $30.86 on Monday. The firm’s fifty day simple moving average is $33.88 and its 200 day simple moving average is $33.00. The stock has a market capitalization of $2.07 billion, a P/E ratio of 13.78 and a beta of 0.84. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. WesBanco, Inc. has a 12 month low of $25.56 and a 12 month high of $37.36.

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

WesBanco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.80%. WesBanco’s dividend payout ratio (DPR) is presently 66.07%.

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.