WesBanco Inc (WSBC) Shares Bought by Creative Planning

Creative Planning lifted its stake in shares of WesBanco Inc (NASDAQ:WSBC) by 671.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,616 shares of the financial services provider’s stock after purchasing an additional 54,503 shares during the period. Creative Planning owned 0.14% of WesBanco worth $2,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of WesBanco by 1.2% during the second quarter. Vanguard Group Inc. now owns 3,502,925 shares of the financial services provider’s stock worth $138,505,000 after acquiring an additional 41,522 shares during the period. Dimensional Fund Advisors LP increased its holdings in WesBanco by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,477,995 shares of the financial services provider’s stock valued at $142,667,000 after buying an additional 48,481 shares during the last quarter. BlackRock Inc. increased its holdings in WesBanco by 1.8% in the second quarter. BlackRock Inc. now owns 2,700,401 shares of the financial services provider’s stock valued at $106,773,000 after buying an additional 46,799 shares during the last quarter. Earnest Partners LLC increased its holdings in WesBanco by 8.8% in the third quarter. Earnest Partners LLC now owns 1,641,852 shares of the financial services provider’s stock valued at $67,349,000 after buying an additional 132,434 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in WesBanco by 11.1% in the third quarter. Macquarie Group Ltd. now owns 1,525,400 shares of the financial services provider’s stock valued at $62,572,000 after buying an additional 152,280 shares during the last quarter. Hedge funds and other institutional investors own 58.83% of the company’s stock.

Several brokerages have recently weighed in on WSBC. Zacks Investment Research downgraded shares of WesBanco from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub upgraded shares of WesBanco from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a report on Wednesday, January 24th. Sandler O’Neill cut shares of WesBanco from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, DA Davidson set a $48.00 price objective on shares of WesBanco and gave the stock a “buy” rating in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. WesBanco has an average rating of “Hold” and an average price target of $43.00.

In other WesBanco news, Director F Eric Nelson, Jr. sold 12,500 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $42.06, for a total value of $525,750.00. Following the completion of the transaction, the director now owns 29,717 shares in the company, valued at approximately $1,249,897.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Denise H. Knouse-Snyder bought 1,575 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $41.44 per share, with a total value of $65,268.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $82,880. The disclosure for this purchase can be found here. 4.05% of the stock is currently owned by insiders.

Shares of WesBanco Inc (NASDAQ WSBC) traded up $0.81 on Wednesday, hitting $42.11. 95,601 shares of the company’s stock were exchanged, compared to its average volume of 119,526. The firm has a market cap of $1,829.56, a price-to-earnings ratio of 19.21, a PEG ratio of 1.42 and a beta of 0.96. WesBanco Inc has a 52 week low of $34.81 and a 52 week high of $43.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The firm had revenue of $96.12 million for the quarter, compared to analyst estimates of $98.48 million. WesBanco had a net margin of 22.43% and a return on equity of 7.83%. During the same quarter in the previous year, the business posted $0.59 EPS. equities research analysts anticipate that WesBanco Inc will post 2.92 EPS for the current year.

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About WesBanco

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.

Institutional Ownership by Quarter for WesBanco (NASDAQ:WSBC)

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