Siena Capital Partners GP LLC Makes New Investment in WesBanco, Inc. $WSBC

Key Points

• Siena Capital Partners GP LLC has acquired a new stake in WesBanco, Inc., purchasing 34,864 shares valued at approximately $1,079,000, which now accounts for 0.05% of the company's stock.
• WesBanco announced a quarterly dividend of $0.37 per share, with an annualized dividend yield of 4.6%, set to be paid on October 1st.
• The company's latest earnings report showed an earnings per share (EPS) of $0.91, exceeding forecasts, with revenues totaling $260.73 million.

Siena Capital Partners GP LLC acquired a new stake in WesBanco, Inc. (NASDAQ:WSBC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 34,864 shares of the financial services provider's stock, valued at approximately $1,079,000. Siena Capital Partners GP LLC owned 0.05% of WesBanco at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in WesBanco in the 1st quarter valued at about $26,000. Smartleaf Asset Management LLC increased its position in WesBanco by 132.5% during the first quarter. Smartleaf Asset Management LLC now owns 895 shares of the financial services provider's stock worth $28,000 after buying an additional 510 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in WesBanco in the first quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV bought a new stake in WesBanco in the first quarter valued at approximately $48,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of WesBanco by 573.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,878 shares of the financial services provider's stock valued at $58,000 after buying an additional 1,599 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Stock Performance

Shares of NASDAQ WSBC opened at $32.28 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.10 billion, a P/E ratio of 19.45 and a beta of 0.85. WesBanco, Inc. has a 12 month low of $26.42 and a 12 month high of $37.36. The stock has a 50 day moving average of $31.93 and a 200-day moving average of $31.27.

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

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be paid a dividend of $0.37 per share. 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 dividend payout ratio (DPR) is currently 89.16%.

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.

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