Bridgeway Capital Management LLC Purchases 9,466 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Bridgeway Capital Management LLC lifted its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,398 shares of the financial services provider's stock after acquiring an additional 9,466 shares during the period. Bridgeway Capital Management LLC owned approximately 0.49% of WesBanco worth $10,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of WesBanco by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 6,710,539 shares of the financial services provider's stock worth $218,361,000 after purchasing an additional 705,483 shares in the last quarter. Earnest Partners LLC increased its holdings in WesBanco by 27.1% in the 4th quarter. Earnest Partners LLC now owns 1,777,002 shares of the financial services provider's stock worth $57,824,000 after buying an additional 379,386 shares in the last quarter. Bank of America Corp DE raised its position in WesBanco by 8.2% in the 4th quarter. Bank of America Corp DE now owns 1,537,252 shares of the financial services provider's stock worth $50,022,000 after buying an additional 116,796 shares during the last quarter. Geode Capital Management LLC lifted its stake in WesBanco by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 1,502,057 shares of the financial services provider's stock valued at $48,888,000 after acquiring an additional 82,987 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of WesBanco by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 872,035 shares of the financial services provider's stock valued at $28,376,000 after acquiring an additional 50,704 shares during the last quarter. Institutional investors own 61.41% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday. Piper Sandler started coverage on WesBanco in a report on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price target on the stock. Raymond James cut their price objective on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. StockNews.com raised WesBanco from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, DA Davidson boosted their price target on WesBanco from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $38.71.

WesBanco Trading Down 0.8 %

Shares of NASDAQ:WSBC opened at $30.14 on Wednesday. The stock has a 50 day moving average of $30.29 and a 200 day moving average of $32.74. The company has a market cap of $2.02 billion, a PE ratio of 13.46 and a beta of 0.81. WesBanco, Inc. has a 12-month low of $25.56 and a 12-month high of $37.36. 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 (NASDAQ:WSBC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.06. The business had revenue of $253.23 million during the quarter, compared to analyst estimates of $206.63 million. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, equities research analysts expect that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.48 dividend on an annualized basis and a yield of 4.91%. WesBanco's dividend payout ratio is presently 96.73%.

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.

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