WesBanco, Inc. $WSBC Stock Holdings Lifted by Wesbanco Bank Inc.

Key Points

• WesBanco Bank Inc. increased its position in WesBanco, Inc. by 9.6%, owning 1,565,869 shares after purchasing an additional 136,975 shares in the second quarter, making it the bank's 10th largest investment.
• WesBanco's stock has a market capitalization of $3.03 billion, a P/E ratio of 19.04, and reported a 0.91 earnings per share for the last quarter, exceeding analysts' expectations.
• The company declared a quarterly dividend of $0.37 per share, to be paid on October 1st, representing an annualized dividend yield of 4.7%.

Wesbanco Bank Inc. grew its stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 9.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,565,869 shares of the financial services provider's stock after buying an additional 136,975 shares during the quarter. WesBanco accounts for approximately 1.5% of Wesbanco Bank Inc.'s portfolio, making the stock its 10th largest holding. Wesbanco Bank Inc. owned about 1.64% of WesBanco worth $49,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of WesBanco by 40.3% during the first quarter. Vanguard Group Inc. now owns 9,413,008 shares of the financial services provider's stock valued at $291,427,000 after buying an additional 2,702,469 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of WesBanco by 42.6% during the first quarter. Dimensional Fund Advisors LP now owns 5,793,319 shares of the financial services provider's stock worth $179,358,000 after purchasing an additional 1,730,801 shares during the period. Wellington Management Group LLP boosted its holdings in shares of WesBanco by 35.2% during the first quarter. Wellington Management Group LLP now owns 2,456,454 shares of the financial services provider's stock worth $76,052,000 after purchasing an additional 640,003 shares during the period. Earnest Partners LLC boosted its holdings in shares of WesBanco by 4.6% during the first quarter. Earnest Partners LLC now owns 1,859,436 shares of the financial services provider's stock worth $57,568,000 after purchasing an additional 82,434 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of WesBanco by 179.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,543,243 shares of the financial services provider's stock worth $47,779,000 after purchasing an additional 991,584 shares during the period. 61.41% of the stock is owned by institutional investors.

WesBanco Stock Down 1.4%

Shares of WSBC traded down $0.46 on Friday, hitting $31.87. 305,855 shares of the stock traded hands, compared to its average volume of 579,956. The company has a market capitalization of $3.06 billion, a PE ratio of 19.19 and a beta of 0.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.93 and a current ratio of 0.94. The business has a 50 day simple moving average of $31.66 and a 200 day simple moving average of $31.08. WesBanco, Inc. has a one year low of $26.42 and a one year high of $37.36.

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

WesBanco Dividend Announcement

The firm also recently declared 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 annualized dividend 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%.

Insider Buying and Selling at WesBanco

In other WesBanco news, Director F Eric Nelson, Jr. purchased 8,000 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $200,000.00. Following the purchase, the director directly owned 8,000 shares of the company's stock, valued at $200,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph R. Robinson purchased 8,000 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $200,000.00. Following the purchase, the director directly owned 8,000 shares in the company, valued at approximately $200,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 49,600 shares of company stock worth $1,240,000. Insiders own 2.80% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of WesBanco from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, WesBanco presently has a consensus 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.