WesBanco, Inc. $WSBC Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in WesBanco, Inc. by 45.3% during Q1, now holding 70,655 shares worth approximately $2.19 million.
• WesBanco's average rating is currently "Moderate Buy" with an average target price of $38.83 as per analyst reports.
• The company reported earnings per share of $0.91 for the last quarter, beating consensus estimates by $0.04 and reflecting growth from $0.49 in the same period last year.

Deutsche Bank AG grew its stake in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 45.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,655 shares of the financial services provider's stock after acquiring an additional 22,044 shares during the quarter. Deutsche Bank AG owned about 0.11% of WesBanco worth $2,187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of WesBanco by 40.3% in 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 acquiring an additional 2,702,469 shares in the last quarter. Earnest Partners LLC lifted its position in shares of WesBanco by 27.1% in the fourth quarter. Earnest Partners LLC now owns 1,777,002 shares of the financial services provider's stock valued at $57,824,000 after acquiring an additional 379,386 shares in the last quarter. Bank of America Corp DE lifted its position in shares of WesBanco by 8.2% in the fourth quarter. Bank of America Corp DE now owns 1,537,252 shares of the financial services provider's stock valued at $50,022,000 after acquiring an additional 116,796 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of WesBanco by 27.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,110,758 shares of the financial services provider's stock valued at $34,389,000 after acquiring an additional 238,723 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its position in shares of WesBanco by 14.2% in the first quarter. Segall Bryant & Hamill LLC now owns 891,580 shares of the financial services provider's stock valued at $27,603,000 after acquiring an additional 111,136 shares in the last quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WSBC has been the topic of several recent research reports. Royal Bank Of Canada reduced their price objective on WesBanco from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Keefe, Bruyette & Woods reduced their price objective on WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.83.

WesBanco Stock Performance

NASDAQ WSBC opened at $31.18 on Thursday. The business's 50-day moving average price is $31.50 and its 200 day moving average price is $31.59. WesBanco, Inc. has a twelve month low of $26.42 and a twelve month high of $37.36. The company has a market capitalization of $2.99 billion, a PE ratio of 18.78 and a beta of 0.87. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.57.

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

WesBanco 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.

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