1 day Ago By ABMN Staff
Geode Capital Management LLC lifted its stake in WesBanco, Inc. ( NASDAQ:WSBC – Free Report ) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 1,502,057 shares of the financial services provider’s stock after acquiring an additional 82,987 shares during the period. Geode Capital Management LLC owned 2.25% of WesBanco worth $48,888,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in WesBanco by 1.3% in the fourth quarter.
IFP Advisors Inc now owns 22,873 shares of the financial services provider’s stock valued at $744,000 after buying an additional 304 shares during the last quarter. Hilltop National Bank increased its holdings in shares of WesBanco by 19.6% during the fourth quarter.
Hilltop National Bank now owns 2,518 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 413 shares in the last quarter. Principal Securities Inc. raised its position in shares of WesBanco by 40.
9% in the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 603 shares during the last quarter.
Hazlett Burt & Watson Inc. boosted its stake in WesBanco by 12.3% in the 4th quarter.
Hazlett Burt & Watson Inc. now owns 6,331 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 695 shares in the last quarter. Finally, Avantax Planning Partners Inc.
grew its position in WesBanco by 1.6% during the 4th quarter. Avantax Planning Partners Inc.
now owns 48,473 shares of the financial services provider’s stock worth $1,577,000 after purchasing an additional 756 shares during the last quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades Several analysts have weighed in on WSBC shares. DA Davidson boosted their price target on WesBanco from $44.00 to $45.
00 and gave the company a “buy” rating in a research note on Monday, January 27th. Piper Sandler assumed coverage on WesBanco in a research report on Thursday, April 3rd. They set an “overweight” rating and a $37.
00 price target for the company. Stephens restated an “equal weight” rating and set a $39.00 price target on shares of WesBanco in a research report on Thursday, January 23rd.
Keefe, Bruyette & Woods raised WesBanco from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $44.00 in a report on Monday, February 10th.
Finally, Raymond James reduced their target price on WesBanco from $44.00 to $38.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 2nd.
Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.
43. WesBanco Stock Performance NASDAQ WSBC opened at $27.11 on Tuesday.
The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.
93. WesBanco, Inc. has a 1-year low of $25.
56 and a 1-year high of $37.36. The company has a market cap of $1.
81 billion, a PE ratio of 12.10 and a beta of 0.76.
The stock’s 50 day simple moving average is $32.41 and its 200-day simple moving average is $32.82.
WesBanco ( NASDAQ:WSBC – Get Free Report ) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts anticipate that WesBanco, Inc.
will post 3.24 EPS for the current fiscal year. WesBanco Announces Dividend The firm also recently disclosed 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 5.46%.
WesBanco’s payout ratio is 66.07%. 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, 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. See Also Receive News & Ratings for WesBanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WesBanco and related companies with MarketBeat.com's FREE daily email newsletter .
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