WesBanco, Inc. (NASDAQ:WSBC) Shares Sold by Centiva Capital LP

Centiva Capital LP trimmed its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 47.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,533 shares of the financial services provider's stock after selling 10,527 shares during the quarter. Centiva Capital LP's holdings in WesBanco were worth $375,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of WesBanco during the fourth quarter worth about $328,000. Franklin Resources Inc. acquired a new position in shares of WesBanco during the third quarter worth about $1,148,000. Inspire Advisors LLC increased its stake in shares of WesBanco by 18.7% during the fourth quarter. Inspire Advisors LLC now owns 63,184 shares of the financial services provider's stock worth $2,056,000 after acquiring an additional 9,955 shares during the period. Johnson Investment Counsel Inc. acquired a new position in shares of WesBanco during the fourth quarter worth about $323,000. Finally, Magnolia Private Wealth LLC acquired a new position in shares of WesBanco during the fourth quarter worth about $269,000. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Stock Down 0.9%

Shares of NASDAQ WSBC opened at $30.79 on Monday. WesBanco, Inc. has a 12-month low of $25.56 and a 12-month high of $37.36. The company has a market capitalization of $2.06 billion, a PE ratio of 13.75 and a beta of 0.81. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The firm's 50-day moving average is $30.06 and its two-hundred day moving average is $32.75.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its quarterly earnings results 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. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. The company had revenue of $253.23 million for the quarter, compared to the consensus estimate of $206.63 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Equities analysts anticipate 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. Investors of record on Monday, March 10th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Monday, March 10th. WesBanco's payout ratio is 96.73%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Piper Sandler assumed coverage on shares of WesBanco in a research report on Thursday, April 3rd. They set an "overweight" rating and a $37.00 target price on the stock. Keefe, Bruyette & Woods lowered their target price on shares of WesBanco from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Raymond James lowered their target price on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. DA Davidson upped their target price on shares of WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, StockNews.com upgraded shares of WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, WesBanco presently has an average rating of "Moderate Buy" and a consensus target price of $38.71.

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.

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