Dark Forest Capital Management LP Purchases 33,768 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Dark Forest Capital Management LP increased its holdings in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 328.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,034 shares of the financial services provider's stock after purchasing an additional 33,768 shares during the quarter. Dark Forest Capital Management LP owned approximately 0.07% of WesBanco worth $1,433,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. IFP Advisors Inc increased its stake in shares of WesBanco by 1.3% in the fourth quarter. IFP Advisors Inc now owns 22,873 shares of the financial services provider's stock valued at $744,000 after buying an additional 304 shares during the period. Hilltop National Bank boosted its holdings 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 worth $82,000 after buying an additional 413 shares in the last quarter. Principal Securities Inc. raised its position in shares of WesBanco by 40.9% during the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock worth $68,000 after purchasing an additional 603 shares during the period. Bank of Montreal Can raised its holdings in WesBanco by 3.4% during the fourth quarter. Bank of Montreal Can now owns 20,092 shares of the financial services provider's stock worth $654,000 after buying an additional 665 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of WesBanco by 12.3% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 6,331 shares of the financial services provider's stock valued at $206,000 after buying an additional 695 shares in the last quarter. 61.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Raymond James lowered their price objective 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. StockNews.com upgraded shares of WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Stephens reiterated an "equal weight" rating and issued a $39.00 target price on shares of WesBanco in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised WesBanco from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $40.00 to $44.00 in a research report on Monday, February 10th. Finally, Piper Sandler began coverage on WesBanco in a research report on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price target on the stock. Three investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $39.43.

WesBanco Price Performance

NASDAQ:WSBC traded down $0.01 during trading hours on Monday, hitting $29.54. The stock had a trading volume of 98,693 shares, compared to its average volume of 659,400. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 13.19 and a beta of 0.76. WesBanco, Inc. has a one year low of $25.56 and a one year high of $37.36. The company has a 50 day simple moving average of $31.05 and a two-hundred day simple moving average of $32.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93.

WesBanco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend was Monday, March 10th. WesBanco's payout ratio is 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.