WesBanco, Inc. (NASDAQ:WSBC) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP grew its holdings in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 19.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,372 shares of the financial services provider's stock after buying an additional 27,309 shares during the quarter. Two Sigma Investments LP owned 0.25% of WesBanco worth $5,511,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Rafferty Asset Management LLC increased its stake in shares of WesBanco by 39.8% during the fourth quarter. Rafferty Asset Management LLC now owns 68,333 shares of the financial services provider's stock worth $2,224,000 after purchasing an additional 19,470 shares in the last quarter. Man Group plc grew its holdings in shares of WesBanco by 3.8% during the fourth quarter. Man Group plc now owns 29,165 shares of the financial services provider's stock worth $949,000 after buying an additional 1,072 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in WesBanco by 13.4% in the 4th quarter. Nuveen Asset Management LLC now owns 492,167 shares of the financial services provider's stock valued at $16,015,000 after acquiring an additional 58,214 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of WesBanco by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,753 shares of the financial services provider's stock worth $1,066,000 after purchasing an additional 1,250 shares during the last quarter. Finally, FJ Capital Management LLC grew its position in shares of WesBanco by 34.5% in the fourth quarter. FJ Capital Management LLC now owns 470,557 shares of the financial services provider's stock valued at $15,312,000 after purchasing an additional 120,810 shares in the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WSBC has been the topic of several analyst reports. Piper Sandler assumed coverage on WesBanco in a report on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price target on the stock. Royal Bank of Canada dropped their price target on shares of WesBanco from $36.00 to $34.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. Keefe, Bruyette & Woods cut their price target on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Raymond James reduced 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 report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued 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 Stock Performance

NASDAQ WSBC traded down $0.02 during trading hours on Friday, hitting $30.89. 198,181 shares of the stock were exchanged, compared to its average volume of 446,625. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 13.79 and a beta of 0.81. WesBanco, Inc. has a 12-month low of $25.56 and a 12-month high of $37.36. The stock has a 50-day moving average of $29.98 and a 200 day moving average of $32.63.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $206.63 million. During the same period in the prior year, the business posted $0.56 EPS. As a group, equities research analysts forecast that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be paid 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 dividend yield of 4.79%. WesBanco's dividend payout ratio (DPR) is presently 96.73%.

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.