Segall Bryant & Hamill LLC Has $27.60 Million Holdings in WesBanco, Inc. (NASDAQ:WSBC)

Segall Bryant & Hamill LLC lifted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 891,580 shares of the financial services provider's stock after buying an additional 111,136 shares during the quarter. Segall Bryant & Hamill LLC owned about 1.33% of WesBanco worth $27,603,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in WesBanco by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 6,710,539 shares of the financial services provider's stock worth $218,361,000 after acquiring an additional 705,483 shares during the last quarter. Earnest Partners LLC boosted its stake in WesBanco by 27.1% during the 4th quarter. Earnest Partners LLC now owns 1,777,002 shares of the financial services provider's stock worth $57,824,000 after acquiring an additional 379,386 shares during the last quarter. Bank of America Corp DE boosted its stake in WesBanco by 8.2% during the 4th quarter. Bank of America Corp DE now owns 1,537,252 shares of the financial services provider's stock worth $50,022,000 after acquiring an additional 116,796 shares during the last quarter. Geode Capital Management LLC boosted its stake in WesBanco by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 1,502,057 shares of the financial services provider's stock worth $48,888,000 after acquiring an additional 82,987 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in WesBanco by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 872,035 shares of the financial services provider's stock worth $28,376,000 after acquiring an additional 50,704 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company's stock.

WesBanco Stock Up 0.2%

Shares of WSBC stock traded up $0.07 during trading on Friday, reaching $32.85. The company's stock had a trading volume of 1,996,006 shares, compared to its average volume of 499,493. The business has a fifty day moving average price of $31.66 and a 200-day moving average price of $31.86. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 21.47 and a beta of 0.85. WesBanco, Inc. has a one year low of $26.42 and a one year high of $37.36.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.06. WesBanco had a net margin of 10.52% and a return on equity of 6.07%. The business had revenue of $253.23 million for the quarter, compared to analyst estimates of $206.63 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Friday, June 6th. WesBanco's dividend payout ratio (DPR) is currently 96.73%.

Analysts Set New Price Targets

A number of brokerages have weighed in on WSBC. Raymond James Financial cut their price target on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 2nd. Royal Bank Of Canada cut their price target on shares of WesBanco from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Piper Sandler began coverage on shares of WesBanco in a research note on Thursday, April 3rd. They issued an "overweight" rating and a $37.00 price target on the stock. Finally, Keefe, Bruyette & Woods cut their price target on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.71.

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.