Venture Visionary Partners LLC Purchases Shares of 29,528 WesBanco, Inc. $WSBC

Key Points

• Venture Visionary Partners LLC acquired 29,528 shares of WesBanco, Inc., valued at approximately $914,000, in the first quarter.
• WesBanco reported earnings of $0.91 per share for the last quarter, beating analysts' expectations of $0.87, while its revenue was slightly below estimates.
• Brokerages have adjusted their price targets for WesBanco, with Keefe, Bruyette & Woods lowering their target from $43.00 to $40.00, and Royal Bank Of Canada from $36.00 to $34.00.

Venture Visionary Partners LLC acquired a new stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 29,528 shares of the financial services provider's stock, valued at approximately $914,000.

Several other institutional investors also recently made changes to their positions in the stock. Comerica Bank grew its stake in shares of WesBanco by 6.0% during the 4th quarter. Comerica Bank now owns 6,482 shares of the financial services provider's stock valued at $211,000 after buying an additional 368 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of WesBanco by 9.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,397 shares of the financial services provider's stock valued at $272,000 after buying an additional 730 shares during the period. Federated Hermes Inc. purchased a new stake in shares of WesBanco during the 1st quarter valued at $26,000. Amalgamated Bank grew its stake in shares of WesBanco by 46.0% during the 1st quarter. Amalgamated Bank now owns 2,959 shares of the financial services provider's stock valued at $92,000 after buying an additional 932 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of WesBanco by 4.3% during the 1st quarter. IFP Advisors Inc now owns 23,853 shares of the financial services provider's stock valued at $738,000 after buying an additional 980 shares during the period. 61.41% of the stock is owned by hedge funds and other institutional investors.

WesBanco Stock Performance

NASDAQ:WSBC opened at $31.18 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a 50-day moving average of $31.50 and a two-hundred day moving average of $31.59. The stock has a market cap of $2.99 billion, a P/E ratio of 18.78 and a beta of 0.87. WesBanco, Inc. has a 1-year low of $26.42 and a 1-year high of $37.36.

WesBanco (NASDAQ:WSBC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The company had revenue of $260.73 million during the quarter, compared to analysts' expectations of $261.14 million. WesBanco had a net margin of 11.65% and a return on equity of 7.29%. During the same period in the prior year, the company posted $0.49 EPS. On average, research analysts expect that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WSBC. Keefe, Bruyette & Woods lowered their price objective on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Royal Bank Of Canada decreased 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 report on Thursday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $38.83.

About WesBanco

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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