Centiva Capital LP Sells 10,527 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Centiva Capital LP decreased its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 47.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of WesBanco by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 6,710,539 shares of the financial services provider's stock worth $218,361,000 after buying an additional 705,483 shares during the period. Earnest Partners LLC grew its position in shares of WesBanco by 27.1% during the 4th quarter. Earnest Partners LLC now owns 1,777,002 shares of the financial services provider's stock worth $57,824,000 after buying an additional 379,386 shares during the period. Bank of America Corp DE grew its position in shares of WesBanco by 8.2% during the 4th quarter. Bank of America Corp DE now owns 1,537,252 shares of the financial services provider's stock worth $50,022,000 after buying an additional 116,796 shares during the period. Geode Capital Management LLC grew its position in shares of WesBanco by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 1,502,057 shares of the financial services provider's stock worth $48,888,000 after buying an additional 82,987 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of WesBanco by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 872,035 shares of the financial services provider's stock worth $28,376,000 after buying an additional 50,704 shares during the period. Institutional investors and hedge funds own 61.41% of the company's stock.

WesBanco Stock Down 0.6%

Shares of NASDAQ:WSBC traded down $0.20 during midday trading on Friday, reaching $32.13. 561,339 shares of the company were exchanged, compared to its average volume of 439,413. WesBanco, Inc. has a fifty-two week low of $25.56 and a fifty-two week 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. The stock has a fifty day simple moving average of $30.10 and a two-hundred day simple moving average of $32.78. The firm has a market cap of $2.15 billion, a PE ratio of 14.34 and a beta of 0.81.

WesBanco (NASDAQ:WSBC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.06. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. The business had revenue of $253.23 million for the quarter, compared to analyst estimates of $206.63 million. During the same period last year, the business posted $0.56 earnings per share. As a group, sell-side analysts forecast that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Monday, March 10th. WesBanco's dividend payout ratio is presently 96.73%.

Analysts Set New Price Targets

Several brokerages have recently commented on WSBC. Raymond James lowered their price target on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Royal Bank of Canada reduced their price objective on shares of WesBanco from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Piper Sandler initiated coverage on shares of WesBanco in a research note on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price objective on the stock. StockNews.com raised shares of WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, DA Davidson lifted their price objective on shares of WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $38.71.

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.