WesBanco, Inc. $WSBC Stock Holdings Lessened by Bfsg LLC

Key Points

• Bfsg LLC reduced its stake in WesBanco by 78.4% in Q4, selling 35,107 shares and leaving 9,692 shares valued at about $322,000.
• WesBanco has a market cap of about $3.47 billion, a trailing P/E of 17.42, and reported Q4 EPS of $0.84 (in line with estimates) on $265.78 million of revenue.
• The bank pays a quarterly dividend of $0.38 (annualized $1.52) for a 4.2% yield with a 73% payout ratio, and analysts hold a consensus "Buy" rating with a $40.60 price target.

Bfsg LLC reduced its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 78.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,692 shares of the financial services provider's stock after selling 35,107 shares during the quarter. Bfsg LLC's holdings in WesBanco were worth $322,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WSBC. Smartleaf Asset Management LLC grew its position in WesBanco by 255.1% during the third quarter. Smartleaf Asset Management LLC now owns 799 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 574 shares in the last quarter. First Horizon Corp acquired a new position in shares of WesBanco in the third quarter worth $27,000. True Wealth Design LLC increased its stake in shares of WesBanco by 77.9% in the third quarter. True Wealth Design LLC now owns 877 shares of the financial services provider's stock worth $28,000 after acquiring an additional 384 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of WesBanco by 41.1% in the fourth quarter. GAMMA Investing LLC now owns 1,113 shares of the financial services provider's stock worth $37,000 after acquiring an additional 324 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of WesBanco by 71.9% in the second quarter. Federated Hermes Inc. now owns 1,435 shares of the financial services provider's stock worth $45,000 after acquiring an additional 600 shares during the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

WesBanco Stock Performance

Shares of NASDAQ:WSBC opened at $36.06 on Friday. WesBanco, Inc. has a twelve month low of $26.42 and a twelve month high of $38.10. The firm has a market cap of $3.47 billion, a PE ratio of 17.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.92. The business has a fifty day moving average of $35.15 and a 200-day moving average of $33.64.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.84 earnings per share for the quarter, meeting analysts' consensus estimates of $0.84. WesBanco had a return on equity of 8.81% and a net margin of 15.51%.The company had revenue of $265.78 million during the quarter, compared to analyst estimates of $265.53 million. During the same period last year, the company posted $0.71 earnings per share. On average, equities research analysts predict that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 6th were given a $0.38 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.52 annualized dividend and a dividend yield of 4.2%. WesBanco's payout ratio is currently 73.43%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James Financial reaffirmed a "strong-buy" rating and set a $41.00 price target on shares of WesBanco in a research note on Thursday, March 12th. DA Davidson assumed coverage on WesBanco in a research note on Wednesday, February 25th. They set a "buy" rating and a $44.00 price target for the company. Piper Sandler assumed coverage on WesBanco in a research note on Wednesday, December 17th. They set an "overweight" rating and a $42.00 price target for the company. Finally, Weiss Ratings raised WesBanco from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, WesBanco has a consensus rating of "Buy" and a consensus price target of $40.60.

About WesBanco

WesBanco, Inc is a bank holding company headquartered in Wheeling, West Virginia, offering a full range of community banking services through its principal subsidiary, WesBanco Bank, Inc The company serves individual consumers, small‐ to mid‐sized businesses, nonprofit organizations and governmental entities with a relationship‐driven approach and an emphasis on local decision‐making. Through its diversified platform, WesBanco provides core banking functions such as deposit accounts, commercial and consumer lending, mortgage banking, treasury management and electronic banking services.

In addition to traditional banking products, WesBanco offers specialized services including trust and wealth management, investment advisory and insurance solutions.

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