XTX Topco Ltd Buys Shares of 13,626 WesBanco, Inc. (NASDAQ:WSBC)

XTX Topco Ltd purchased a new stake in WesBanco, Inc. (NASDAQ:WSBC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 13,626 shares of the financial services provider's stock, valued at approximately $443,000.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC grew its holdings in shares of WesBanco by 807.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider's stock worth $59,000 after purchasing an additional 1,614 shares during the period. Principal Securities Inc. increased its position in shares of WesBanco by 40.9% during the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock worth $68,000 after acquiring an additional 603 shares during the period. Roble Belko & Company Inc purchased a new position in shares of WesBanco in the 4th quarter valued at about $78,000. Allworth Financial LP increased its position in shares of WesBanco by 668.5% in the 4th quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 2,146 shares during the last quarter. Finally, Hilltop National Bank increased its holdings in WesBanco by 19.6% in the fourth 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 during the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WSBC has been the subject of a number of research analyst reports. DA Davidson upped their price target on WesBanco from $44.00 to $45.00 and gave the company a "buy" rating in a report on Monday, January 27th. Piper Sandler began coverage on shares of WesBanco in a report on Thursday, April 3rd. They issued an "overweight" rating and a $37.00 target price for the company. Stephens restated an "equal weight" rating and issued a $39.00 price objective on shares of WesBanco in a research note on Thursday, January 23rd. StockNews.com raised WesBanco from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, 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. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, WesBanco currently has an average rating of "Moderate Buy" and an average target price of $39.43.

WesBanco Price Performance

NASDAQ:WSBC traded down $0.30 during trading hours on Friday, hitting $29.55. The company's stock had a trading volume of 385,548 shares, compared to its average volume of 417,156. WesBanco, Inc. has a 52-week low of $25.56 and a 52-week high of $37.36. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The business's 50-day moving average is $31.05 and its two-hundred day moving average is $32.75. The company has a market capitalization of $1.98 billion, a PE ratio of 13.19 and a beta of 0.76.

WesBanco (NASDAQ:WSBC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. As a group, research analysts anticipate that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.48 dividend on an annualized basis and a yield of 5.01%. WesBanco's dividend payout ratio (DPR) is presently 66.07%.

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.