2 weeks Ago By Defense World Staff
Vanguard Group Inc. boosted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC – Free Report) by 11.
7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,710,539 shares of the financial services provider’s stock after acquiring an additional 705,483 shares during the period. Vanguard Group Inc.
owned about 10.04% of WesBanco worth $218,361,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently modified their holdings of WSBC.
Point72 Asset Management L.P. purchased a new position in shares of WesBanco during the 3rd quarter worth approximately $56,000.
Principal Securities Inc. increased its position in 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 buying an additional 603 shares in the last quarter. Roble Belko & Company Inc acquired a new position in shares of WesBanco in the fourth quarter worth $78,000.
Allworth Financial LP lifted its position in shares of WesBanco by 668.5% in the fourth quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 2,146 shares in the last quarter.
Finally, Hilltop National Bank boosted its stake 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 during the last quarter.
Hedge funds and other institutional investors own 61.41% of the company’s stock. WesBanco Stock PerformanceWSBC stock opened at $27.
80 on Friday. The stock’s 50 day simple moving average is $33.59 and its 200 day simple moving average is $32.
96. WesBanco, Inc. has a 12-month low of $25.
56 and a 12-month high of $37.36. The firm has a market cap of $1.
86 billion, a P/E ratio of 12.41 and a beta of 0.84.
The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.
55. WesBanco (NASDAQ:WSBC – Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.
71 earnings per share for the quarter, topping 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, equities research analysts predict that WesBanco, Inc. will post 3.24 EPS for the current year.
WesBanco Announces DividendThe firm 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.
32%. WesBanco’s dividend payout ratio is currently 66.07%.
Wall Street Analysts Forecast GrowthSeveral research analysts recently weighed in 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.
Piper Sandler assumed coverage on shares of WesBanco in a research report on Thursday. They issued an “overweight” rating and a $37.00 price objective for the company.
Stephens reissued an “equal weight” rating and set a $39.00 price objective on shares of WesBanco in a research note on Thursday, January 23rd. Raymond James lowered their target price on shares of WesBanco from $44.
00 to $38.00 and set a “strong-buy” rating for the company in a research note on Wednesday. Finally, Keefe, Bruyette & Woods raised WesBanco from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $40.
00 to $44.00 in a research note 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 company’s stock.
According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.43.
View Our Latest Stock Report on WSBCWesBanco 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.Featured StoriesFive stocks we like better than WesBancoEV Stocks and How to Profit from Them Conagra Stock Could Thrive as Tariffs Hit Other SectorsMost Volatile Stocks, What Investors Need to KnowGrocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsWhat is the Dow Jones Industrial Average (DJIA)?Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?Want to see what other hedge funds are holding WSBC? Visit HoldingsChannel.
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