WesBanco, Inc. (NASDAQ:WSBC) Shares Acquired by Walleye Capital LLC

Walleye Capital LLC increased its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC) by 41.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,000 shares of the financial services provider’s stock after acquiring an additional 4,071 shares during the period. Walleye Capital LLC’s holdings in WesBanco were worth $456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WSBC. IFP Advisors Inc grew its holdings 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 purchasing an additional 304 shares during the period. Hilltop National Bank grew its stake in WesBanco by 19.6% in the 4th 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 period. Principal Securities Inc. increased its holdings in WesBanco by 40.9% in the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 603 shares in the last quarter. Bank of Montreal Can raised its position in WesBanco by 3.4% during the fourth quarter. Bank of Montreal Can now owns 20,092 shares of the financial services provider’s stock worth $654,000 after acquiring an additional 665 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its holdings in WesBanco by 12.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 6,331 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Analyst Ratings Changes

WSBC has been the subject of a number of research reports. Keefe, Bruyette & Woods raised 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 note on Monday, February 10th. Stephens reissued an “equal weight” rating and set a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. Piper Sandler assumed coverage on WesBanco in a research note on Thursday, April 3rd. They issued an “overweight” rating and a $37.00 price target on the stock. Raymond James dropped their price target on WesBanco from $44.00 to $38.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 2nd. Finally, StockNews.com upgraded WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.43.

WesBanco Trading Up 2.1 %

Shares of WSBC opened at $29.59 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $31.32 and a 200 day moving average price of $32.74. WesBanco, Inc. has a 12-month low of $25.56 and a 12-month high of $37.36. The firm has a market capitalization of $1.98 billion, a P/E ratio of 13.21 and a beta of 0.76.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. Sell-side analysts forecast that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 annualized dividend and a yield of 5.00%. WesBanco’s dividend payout ratio (DPR) is currently 66.07%.

WesBanco Company Profile

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.