1 week Ago By ABMN Staff
Norges Bank bought a new stake in WesBanco, Inc. ( NASDAQ:WSBC – Free Report ) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 54,428 shares of the financial services provider’s stock, valued at approximately $1,771,000.
Several other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in WesBanco by 37.
0% during the 4th quarter. JPMorgan Chase & Co. now owns 318,582 shares of the financial services provider’s stock valued at $10,367,000 after acquiring an additional 86,014 shares during the last quarter.
Segall Bryant & Hamill LLC raised its stake in shares of WesBanco by 25.2% during the fourth quarter. Segall Bryant & Hamill LLC now owns 780,444 shares of the financial services provider’s stock worth $25,396,000 after purchasing an additional 156,903 shares during the last quarter.
Vanguard Group Inc. lifted its holdings in shares of WesBanco by 11.7% during the fourth quarter.
Vanguard Group Inc. now owns 6,710,539 shares of the financial services provider’s stock worth $218,361,000 after purchasing an additional 705,483 shares during the period. Bridge City Capital LLC increased its stake in WesBanco by 0.
9% in the 4th quarter. Bridge City Capital LLC now owns 99,731 shares of the financial services provider’s stock valued at $3,245,000 after buying an additional 890 shares during the period. Finally, LPL Financial LLC raised its position in WesBanco by 68.
1% during the 4th quarter. LPL Financial LLC now owns 44,187 shares of the financial services provider’s stock worth $1,438,000 after buying an additional 17,907 shares during the last quarter. Institutional investors and hedge funds own 61.
41% of the company’s stock. WesBanco Stock Down 1.4 % WSBC opened at $26.
79 on Friday. WesBanco, Inc. has a one year low of $25.
56 and a one year high of $37.36. The company has a market cap of $1.
79 billion, a price-to-earnings ratio of 11.96 and a beta of 0.76.
The business’s fifty day moving average is $32.57 and its two-hundred day moving average is $32.81.
The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.
93. WesBanco Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $0.
37 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.
48 annualized dividend and a dividend yield of 5.52%. WesBanco’s dividend payout ratio is presently 66.
07%. Analysts Set New Price Targets Several analysts have recently weighed in on the stock. 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 report on Wednesday, April 2nd. Stephens reissued an “equal weight” rating and set a $39.
00 target price on shares of WesBanco in a research note on Thursday, January 23rd. StockNews.com upgraded WesBanco from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th.
DA Davidson increased their price objective on WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, January 27th.
Finally, Keefe, Bruyette & Woods upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $40.00 to $44.00 in a research report on Monday, February 10th.
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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.
43. Read Our Latest Stock Report on WesBanco About WesBanco ( 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.
Further Reading Want to see what other hedge funds are holding WSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WesBanco, Inc. ( NASDAQ:WSBC – Free Report ).
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