Ancora Advisors LLC Takes $628,000 Position in WesBanco, Inc. $WSBC

Key Points

• Ancora Advisors LLC has acquired a new stake in WesBanco, Inc., purchasing 20,292 shares valued at approximately $628,000.
• WesBanco recently announced a quarterly dividend of $0.37 per share, translating to an annualized dividend of $1.48 and a yield of 4.6%.
• WesBanco reported $0.91 earnings per share for the last quarter, exceeding analysts' expectations of $0.87.

Ancora Advisors LLC purchased a new position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,292 shares of the financial services provider's stock, valued at approximately $628,000.

Several other hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in WesBanco by 10.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 33,639 shares of the financial services provider's stock valued at $1,095,000 after buying an additional 3,270 shares during the last quarter. Northern Trust Corp raised its stake in WesBanco by 2.3% in the 4th quarter. Northern Trust Corp now owns 763,720 shares of the financial services provider's stock valued at $24,851,000 after acquiring an additional 16,997 shares during the period. AQR Capital Management LLC raised its holdings in WesBanco by 78.0% in the 4th quarter. AQR Capital Management LLC now owns 179,277 shares of the financial services provider's stock valued at $5,834,000 after acquiring an additional 78,541 shares during the period. Comerica Bank boosted its position in shares of WesBanco by 6.0% in the fourth quarter. Comerica Bank now owns 6,482 shares of the financial services provider's stock valued at $211,000 after acquiring an additional 368 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of WesBanco by 5.5% in the fourth quarter. Ameriprise Financial Inc. now owns 75,949 shares of the financial services provider's stock valued at $2,472,000 after buying an additional 3,944 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Price Performance

Shares of NASDAQ:WSBC traded down $0.14 during trading on Thursday, reaching $31.88. 399,528 shares of the company traded hands, compared to its average volume of 412,127. The company's 50 day moving average is $31.85 and its two-hundred day moving average is $31.20. The firm has a market capitalization of $3.06 billion, a PE ratio of 19.20 and a beta of 0.85. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.57. WesBanco, Inc. has a 52 week low of $26.42 and a 52 week high of $37.36.

WesBanco (NASDAQ:WSBC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. WesBanco had a net margin of 11.65% and a return on equity of 7.29%. The firm had revenue of $260.73 million for the quarter, compared to analyst estimates of $261.14 million. During the same quarter last year, the business posted $0.49 earnings per share. As a group, sell-side analysts predict that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, September 5th. WesBanco's payout ratio is 89.16%.

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.