WesBanco, Inc. (NASDAQ:WSBC) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC lifted its stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 78.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 179,277 shares of the financial services provider's stock after purchasing an additional 78,541 shares during the period. AQR Capital Management LLC owned 0.27% of WesBanco worth $5,834,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC grew its stake in shares of WesBanco by 807.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider's stock valued at $59,000 after buying an additional 1,614 shares during the period. Principal Securities Inc. grew 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 buying an additional 603 shares during the period. Roble Belko & Company Inc purchased a new stake in shares of WesBanco in the 4th quarter valued at approximately $78,000. Allworth Financial LP grew its stake 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 buying an additional 2,146 shares during the period. Finally, Hilltop National Bank grew its stake in shares of 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 buying an additional 413 shares during the period. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Stock Up 4.3%

Shares of WesBanco stock traded up $1.31 during trading hours on Monday, hitting $32.10. The company had a trading volume of 504,950 shares, compared to its average volume of 433,363. The company's 50-day moving average is $30.06 and its two-hundred day moving average is $32.75. WesBanco, Inc. has a twelve month low of $25.56 and a twelve month high of $37.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $2.15 billion, a P/E ratio of 14.33 and a beta of 0.81.

WesBanco (NASDAQ:WSBC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. The business had revenue of $253.23 million during the quarter, compared to analysts' expectations of $206.63 million. During the same quarter in the prior year, the business posted $0.56 EPS. Analysts anticipate 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. Stockholders of record on Monday, March 10th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.61%. The ex-dividend date was Monday, March 10th. WesBanco's payout ratio is 96.73%.

Analysts Set New Price Targets

Several research firms have recently weighed in on WSBC. Royal Bank of Canada dropped their price target on shares of WesBanco from $36.00 to $34.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. DA Davidson increased their price target on shares of WesBanco from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, January 27th. StockNews.com raised shares of WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Piper Sandler initiated coverage on shares of WesBanco in a research note on Thursday, April 3rd. They issued an "overweight" rating and a $37.00 price target on the stock. Finally, Raymond James reduced 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 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.71.

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.