Tudor Investment Corp ET AL Boosts Stake in WesBanco, Inc. (NASDAQ:WSBC)

Tudor Investment Corp ET AL grew its position in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 63.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,096 shares of the financial services provider's stock after buying an additional 40,115 shares during the period. Tudor Investment Corp ET AL owned 0.15% of WesBanco worth $3,355,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC boosted its stake in WesBanco by 151.1% in the third quarter. Barclays PLC now owns 181,325 shares of the financial services provider's stock valued at $5,399,000 after acquiring an additional 109,104 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of WesBanco in the 3rd quarter worth $1,148,000. JPMorgan Chase & Co. grew its stake in WesBanco by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 232,568 shares of the financial services provider's stock worth $6,926,000 after buying an additional 34,008 shares during the last quarter. Hilltop National Bank increased its position in WesBanco by 19.6% during the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider's stock valued at $82,000 after buying an additional 413 shares in the last quarter. Finally, Moody National Bank Trust Division raised its stake in WesBanco by 33.0% in the fourth quarter. Moody National Bank Trust Division now owns 29,872 shares of the financial services provider's stock valued at $972,000 after buying an additional 7,405 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WSBC. Raymond James dropped their price target on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price target on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday. Stephens reiterated an "equal weight" rating and set a $39.00 price objective on shares of WesBanco in a research note on Thursday, January 23rd. DA Davidson upped their target price on WesBanco from $44.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, StockNews.com upgraded WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.71.

WesBanco Stock Performance

Shares of NASDAQ:WSBC traded down $0.24 during midday trading on Tuesday, reaching $30.14. The company's stock had a trading volume of 338,357 shares, compared to its average volume of 427,211. The firm has a market capitalization of $2.02 billion, a PE ratio of 13.46 and a beta of 0.81. The stock has a fifty day moving average of $30.39 and a 200 day moving average of $32.75. WesBanco, Inc. has a twelve month low of $25.56 and a twelve month high of $37.36. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

WesBanco (NASDAQ:WSBC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. The business had revenue of $253.23 million during the quarter, compared to analysts' expectations of $206.63 million. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. During the same quarter in the previous year, the firm posted $0.56 EPS. On average, equities analysts expect that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a dividend of $0.37 per share. The ex-dividend date was Monday, March 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.91%. WesBanco's payout ratio is 96.73%.

WesBanco Company 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.