Jane Street Group LLC lowered its position in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 87.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,785 shares of the financial services provider's stock after selling 100,382 shares during the period. Jane Street Group LLC's holdings in WesBanco were worth $449,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in WesBanco by 6.0% during the fourth quarter. Comerica Bank now owns 6,482 shares of the financial services provider's stock worth $211,000 after buying an additional 368 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of WesBanco by 78.0% in the 4th quarter. AQR Capital Management LLC now owns 179,277 shares of the financial services provider's stock worth $5,834,000 after acquiring an additional 78,541 shares in the last quarter. Northern Trust Corp grew its stake in shares of WesBanco by 2.3% in the 4th quarter. Northern Trust Corp now owns 763,720 shares of the financial services provider's stock worth $24,851,000 after acquiring an additional 16,997 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of WesBanco by 10.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 33,639 shares of the financial services provider's stock valued at $1,095,000 after purchasing an additional 3,270 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its position in shares of WesBanco by 63.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 103,096 shares of the financial services provider's stock valued at $3,355,000 after purchasing an additional 40,115 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company's stock.
WesBanco Stock Performance
Shares of WSBC traded down $0.42 during mid-day trading on Wednesday, hitting $30.45. The stock had a trading volume of 327,008 shares, compared to its average volume of 452,763. WesBanco, Inc. has a 52 week low of $25.56 and a 52 week high of $37.36. 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 business has a fifty day moving average price of $29.89 and a 200-day moving average price of $32.49. The firm has a market cap of $2.91 billion, a P/E ratio of 13.59 and a beta of 0.81.
WesBanco (NASDAQ:WSBC - Get Free Report) last issued 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 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 quarter last year, the business earned $0.56 earnings per share. On average, equities research analysts expect that WesBanco, Inc. will post 3.24 EPS for the current year.
WesBanco Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, June 6th. This represents a $1.48 dividend on an annualized basis and a yield of 4.86%. WesBanco's dividend payout ratio (DPR) is 96.73%.
Analyst Upgrades and Downgrades
WSBC has been the subject of several analyst reports. Wall Street Zen upgraded shares of WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Raymond James dropped their price target on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Royal Bank of Canada decreased their target price 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. Finally, Piper Sandler initiated coverage on WesBanco in a research note on Thursday, April 3rd. They set an "overweight" rating and a $37.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.71.
Read Our Latest Stock Analysis on WSBC
About WesBanco
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Free Report)
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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