SJS Investment Consulting Inc. raised its position in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 530,186.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,543 shares of the financial services provider's stock after purchasing an additional 79,528 shares during the quarter. WesBanco comprises approximately 0.4% of SJS Investment Consulting Inc.'s investment portfolio, making the stock its 21st biggest holding. SJS Investment Consulting Inc. owned 0.12% of WesBanco worth $2,463,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of WesBanco by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 6,710,539 shares of the financial services provider's stock valued at $218,361,000 after buying an additional 705,483 shares in the last quarter. Earnest Partners LLC lifted its position 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. Barclays PLC grew its holdings in WesBanco by 104.8% in the 4th quarter. Barclays PLC now owns 371,347 shares of the financial services provider's stock valued at $12,084,000 after buying an additional 190,022 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of WesBanco during the fourth quarter valued at approximately $5,345,000. Finally, Segall Bryant & Hamill LLC raised its stake in shares of WesBanco by 25.2% in the 4th quarter. Segall Bryant & Hamill LLC now owns 780,444 shares of the financial services provider's stock valued at $25,396,000 after buying an additional 156,903 shares in the last quarter. Institutional investors own 61.41% of the company's stock.
WesBanco Stock Performance
WSBC stock traded down $0.05 during trading hours on Wednesday, reaching $31.70. The stock had a trading volume of 613,542 shares, compared to its average volume of 460,680. 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 stock has a market capitalization of $3.03 billion, a PE ratio of 14.15 and a beta of 0.85. WesBanco, Inc. has a fifty-two week low of $25.93 and a fifty-two week high of $37.36. The stock has a 50-day simple moving average of $30.03 and a 200 day simple moving average of $32.34.
WesBanco (NASDAQ:WSBC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.60 by $0.06. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. The business had revenue of $253.23 million during the quarter, compared to the consensus estimate of $206.63 million. During the same quarter in the previous year, the firm posted $0.56 EPS. Analysts predict that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.
WesBanco Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a $0.37 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.48 annualized dividend and a yield of 4.67%. WesBanco's dividend payout ratio is presently 96.73%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on WesBanco from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Raymond James decreased their target price on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Piper Sandler began coverage on WesBanco in a research report on Thursday, April 3rd. They issued an "overweight" rating and a $37.00 price objective for the company. Finally, Keefe, Bruyette & Woods dropped their target price on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.71.
Read Our Latest Analysis on WesBanco
WesBanco Profile
(
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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