BNP Paribas Financial Markets Has $347,000 Holdings in WesBanco, Inc. (NASDAQ:WSBC)

BNP Paribas Financial Markets trimmed its stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 50.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,665 shares of the financial services provider's stock after selling 10,715 shares during the quarter. BNP Paribas Financial Markets' holdings in WesBanco were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC increased its stake in shares of 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 buying an additional 1,614 shares in the last quarter. Principal Securities Inc. increased its stake in shares of 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 buying an additional 603 shares in the last quarter. Allworth Financial LP increased its stake in shares of 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 buying an additional 2,146 shares in the last quarter. Quarry LP acquired a new stake in shares of WesBanco in the fourth quarter valued at $89,000. Finally, Kentucky Trust Co acquired a new stake in shares of WesBanco in the fourth quarter valued at $126,000. 61.41% of the stock is owned by institutional investors.

WesBanco Stock Performance

Shares of WSBC stock remained flat at $30.91 on Friday. The stock had a trading volume of 156,885 shares, compared to its average volume of 616,502. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock's 50 day simple moving average is $29.98 and its 200-day simple moving average is $32.63. WesBanco, Inc. has a one year low of $25.56 and a one year high of $37.36. The firm has a market capitalization of $2.96 billion, a PE ratio of 13.79 and a beta of 0.81.

WesBanco (NASDAQ:WSBC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 6.30% and a net margin of 15.89%. The business had revenue of $253.23 million during the quarter, compared to analyst estimates of $206.63 million. During the same period in the previous year, the firm earned $0.56 EPS. Sell-side analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.48 annualized dividend and a dividend yield of 4.79%. WesBanco's dividend payout ratio is presently 96.73%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WSBC shares. Piper Sandler started coverage on WesBanco in a report on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price objective for the company. Keefe, Bruyette & Woods dropped their price objective on WesBanco from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Raymond James dropped 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. Royal Bank of Canada dropped their price objective on WesBanco from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Finally, Wall Street Zen raised WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, WesBanco currently has an average rating of "Moderate Buy" and a consensus price target of $38.71.

WesBanco Company 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.