WesBanco, Inc. (NASDAQ:WSBC) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in shares of WesBanco, Inc. (NASDAQ:WSBCFree Report) by 0.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 494,776 shares of the financial services provider’s stock after purchasing an additional 2,805 shares during the quarter. New York State Common Retirement Fund’s holdings in WesBanco were worth $12,082,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LSV Asset Management raised its position in shares of WesBanco by 11.7% in the 2nd quarter. LSV Asset Management now owns 477,638 shares of the financial services provider’s stock valued at $12,232,000 after purchasing an additional 50,000 shares in the last quarter. Denali Advisors LLC acquired a new stake in WesBanco in the third quarter worth $357,000. Charles Schwab Investment Management Inc. grew its stake in shares of WesBanco by 5.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 656,666 shares of the financial services provider’s stock worth $16,817,000 after purchasing an additional 33,695 shares in the last quarter. Barclays PLC grew its stake in shares of WesBanco by 24.9% in the second quarter. Barclays PLC now owns 100,475 shares of the financial services provider’s stock worth $2,573,000 after purchasing an additional 20,032 shares in the last quarter. Finally, Swiss National Bank boosted its stake in WesBanco by 1.0% during the second quarter. Swiss National Bank now owns 128,945 shares of the financial services provider’s stock valued at $3,302,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.

WesBanco Trading Down 1.0 %

Shares of WSBC opened at $27.85 on Thursday. The stock has a fifty day moving average price of $29.89 and a two-hundred day moving average price of $27.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.89 and a current ratio of 0.89. WesBanco, Inc. has a 52-week low of $19.84 and a 52-week high of $38.10. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 11.10 and a beta of 0.87.

WesBanco (NASDAQ:WSBCGet Free Report) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $221.47 million for the quarter, compared to the consensus estimate of $146.70 million. WesBanco had a return on equity of 6.99% and a net margin of 19.11%. During the same quarter in the previous year, the firm earned $0.84 EPS. Analysts predict that WesBanco, Inc. will post 2.36 EPS for the current fiscal year.

WesBanco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 7th. This is a boost from WesBanco’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.17%. WesBanco’s payout ratio is 57.37%.

Analyst Ratings Changes

Several research analysts recently weighed in on WSBC shares. Raymond James raised WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Friday, January 5th. Piper Sandler reduced their price objective on WesBanco from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, WesBanco presently has a consensus rating of “Hold” and an average price target of $30.33.

Check Out Our Latest Stock Report on WesBanco

WesBanco Company Profile

(Free Report)

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. The company operates in two segments, Community Banking, and Trust and Investment Services. It offers commercial demand, individual demand, and time deposit accounts; commercial, mortgage and individual installment loans; retail loans, such as residential real estate mortgage loans, home equity lines of credit, and loans for other consumer purposes; installment loans to finance the purchase of automobiles, trucks, motorcycles, boats, and other recreational vehicles, as well as home equity installment loans, unsecured home improvement loans, and revolving lines of credit; and various non-traditional offerings, such as insurance and securities brokerage services.

See Also

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Institutional Ownership by Quarter for WesBanco (NASDAQ:WSBC)

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