Two Sigma Investments LP Has $5.51 Million Position in WesBanco, Inc. (NASDAQ:WSBC)

Two Sigma Investments LP boosted its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 19.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,372 shares of the financial services provider's stock after acquiring an additional 27,309 shares during the quarter. Two Sigma Investments LP owned 0.25% of WesBanco worth $5,511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its position in WesBanco by 807.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider's stock worth $59,000 after acquiring an additional 1,614 shares in the last quarter. Principal Securities Inc. raised its position in shares of WesBanco by 40.9% in the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 603 shares during the period. Allworth Financial LP raised its position in shares of WesBanco by 668.5% in the fourth quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 2,146 shares during the period. Quarry LP bought a new position in shares of WesBanco in the fourth quarter valued at about $89,000. Finally, Kentucky Trust Co bought a new position in shares of WesBanco in the fourth quarter valued at about $126,000. 61.41% of the stock is owned by institutional investors.

WesBanco Stock Performance

NASDAQ:WSBC traded down $0.01 during mid-day trading on Friday, reaching $30.90. 537,822 shares of the company's stock were exchanged, compared to its average volume of 450,287. WesBanco, Inc. has a one year low of $25.56 and a one year high of $37.36. The firm has a market capitalization of $2.96 billion, a PE ratio of 13.79 and a beta of 0.81. The business's fifty day simple moving average is $29.95 and its two-hundred day simple moving average is $32.58. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93.

WesBanco (NASDAQ:WSBC - Get Free Report) last released its quarterly earnings results 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 15.89% and a return on equity of 6.30%. The business had revenue of $253.23 million for the quarter, compared to analyst estimates of $206.63 million. During the same period last year, the firm earned $0.56 earnings per share. Analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Announces Dividend

The company also recently announced 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. This represents a $1.48 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Friday, June 6th. WesBanco's dividend payout ratio is currently 96.73%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WSBC shares. Royal Bank of Canada dropped their price objective on shares of WesBanco from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Piper Sandler started coverage on shares of WesBanco in a research report on Thursday, April 3rd. They issued an "overweight" rating and a $37.00 price objective on the stock. Wall Street Zen raised shares of WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Raymond James dropped their price objective 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, Keefe, Bruyette & Woods dropped their price objective on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Three research 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 stock. According to MarketBeat, WesBanco presently has a consensus rating of "Moderate Buy" and an average target price of $38.71.

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.