LSV Asset Management Sells 107,936 Shares of WesBanco, Inc. (NASDAQ:WSBC)

LSV Asset Management cut its position in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 22.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369,702 shares of the financial services provider's stock after selling 107,936 shares during the quarter. LSV Asset Management owned approximately 0.62% of WesBanco worth $11,598,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WSBC. DiNuzzo Private Wealth Inc. bought a new stake in WesBanco in the 4th quarter valued at $31,000. New York State Common Retirement Fund increased its stake in WesBanco by 0.8% during the fourth quarter. New York State Common Retirement Fund now owns 498,605 shares of the financial services provider's stock valued at $15,641,000 after acquiring an additional 3,829 shares during the period. Curran Financial Partners LLC acquired a new position in WesBanco in the 4th quarter valued at approximately $239,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of WesBanco by 9.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,617 shares of the financial services provider's stock worth $396,000 after purchasing an additional 1,098 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of WesBanco by 23.2% in the fourth quarter. Cerity Partners LLC now owns 30,960 shares of the financial services provider's stock valued at $971,000 after purchasing an additional 5,831 shares in the last quarter. Institutional investors own 61.41% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WSBC shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $32.00 price target on shares of WesBanco in a report on Tuesday, April 9th. Hovde Group lowered their target price on shares of WesBanco from $36.00 to $34.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 24th. Finally, Stephens cut their price target on shares of WesBanco from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, WesBanco presently has an average rating of "Hold" and an average target price of $30.60.

WesBanco Price Performance

WesBanco stock traded up $0.15 during trading hours on Wednesday, hitting $28.38. 86,953 shares of the stock were exchanged, compared to its average volume of 194,315. The stock has a market capitalization of $1.69 billion, a P/E ratio of 11.83 and a beta of 0.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.91. WesBanco, Inc. has a 12 month low of $21.21 and a 12 month high of $32.20. The business's 50-day moving average is $28.43 and its two-hundred day moving average is $28.45.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. WesBanco had a return on equity of 6.50% and a net margin of 17.52%. The company had revenue of $225.96 million for the quarter, compared to analysts' expectations of $147.81 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. Equities research analysts expect that WesBanco, Inc. will post 2.22 EPS for the current fiscal year.

WesBanco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.07%. The ex-dividend date was Thursday, March 7th. WesBanco's dividend payout ratio (DPR) is presently 60.00%.

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.