Dalton Greiner Hartman Maher & Co. grew its position in WesBanco Inc (NASDAQ:WSBC) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 289,167 shares of the financial services provider’s stock after purchasing an additional 9,542 shares during the period. Dalton Greiner Hartman Maher & Co. owned about 0.66% of WesBanco worth $11,755,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. raised its holdings in shares of WesBanco by 6.6% in the second quarter. Ameritas Investment Partners Inc. now owns 3,697 shares of the financial services provider’s stock valued at $146,000 after buying an additional 229 shares during the last quarter. Amalgamated Bank bought a new position in shares of WesBanco in the second quarter valued at about $211,000. Victory Capital Management Inc. raised its holdings in shares of WesBanco by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,350 shares of the financial services provider’s stock valued at $212,000 after buying an additional 801 shares during the last quarter. Stifel Financial Corp bought a new position in shares of WesBanco in the third quarter valued at about $220,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of WesBanco by 22.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,695 shares of the financial services provider’s stock valued at $225,000 after buying an additional 1,045 shares during the last quarter. Institutional investors own 59.11% of the company’s stock.
A number of research analysts recently issued reports on WSBC shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $41.00 price target on shares of WesBanco in a report on Tuesday, October 3rd. Sandler O’Neill cut WesBanco from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Zacks Investment Research raised WesBanco from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. B. Riley set a $40.00 price target on WesBanco and gave the company a “hold” rating in a report on Tuesday, November 14th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a report on Tuesday, November 14th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.80.
In other WesBanco news, Director F Eric Nelson, Jr. sold 12,500 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $42.06, for a total transaction of $525,750.00. Following the completion of the sale, the director now directly owns 29,717 shares of the company’s stock, valued at approximately $1,249,897.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.05% of the company’s stock.
Shares of WesBanco Inc (NASDAQ:WSBC) opened at $41.39 on Thursday. The firm has a market capitalization of $1,800.00, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. WesBanco Inc has a twelve month low of $34.81 and a twelve month high of $43.77. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.85.
WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03). The firm had revenue of $95.15 million for the quarter, compared to the consensus estimate of $98.37 million. WesBanco had a return on equity of 7.66% and a net margin of 24.73%. During the same period in the prior year, the firm posted $0.60 earnings per share. equities analysts anticipate that WesBanco Inc will post 2.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.04 annualized dividend and a yield of 2.51%. WesBanco’s dividend payout ratio is currently 44.64%.
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WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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