WesBanco, Inc. (NASDAQ:WSBC) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC reduced its position in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 47.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,800 shares of the financial services provider's stock after selling 54,503 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.09% of WesBanco worth $1,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in WesBanco by 807.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 1,614 shares during the period. Principal Securities Inc. boosted its stake in WesBanco by 40.9% in the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 603 shares during the period. Allworth Financial LP boosted its stake in WesBanco by 668.5% in the fourth quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock valued at $78,000 after acquiring an additional 2,146 shares during the period. Roble Belko & Company Inc acquired a new position in WesBanco in the fourth quarter valued at approximately $78,000. Finally, Quarry LP acquired a new position in WesBanco in the fourth quarter valued at approximately $89,000. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on WSBC shares. Raymond James decreased their target price on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Royal Bank of Canada reduced their price objective on WesBanco from $36.00 to $34.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Piper Sandler started coverage on WesBanco in a research report on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price objective for the company. DA Davidson boosted their price objective on WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, StockNews.com upgraded WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $38.71.

WesBanco Stock Performance

Shares of NASDAQ WSBC traded down $0.20 during midday trading on Friday, hitting $32.13. 561,339 shares of the company's stock were exchanged, compared to its average volume of 439,413. 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 stock's 50 day moving average price is $30.10 and its 200-day moving average price is $32.78. The firm has a market cap of $2.15 billion, a P/E ratio of 14.34 and a beta of 0.81. WesBanco, Inc. has a twelve month low of $25.56 and a twelve month high of $37.36.

WesBanco (NASDAQ:WSBC - Get Free Report) last released its 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 firm had revenue of $253.23 million during the quarter, compared to the consensus estimate of $206.63 million. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. During the same period in the prior year, the firm posted $0.56 earnings per share. Equities research analysts anticipate that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $0.37 dividend. 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 4.61%. WesBanco's dividend payout ratio (DPR) is 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.