Strs Ohio Sells 4,000 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Strs Ohio lessened its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,200 shares of the financial services provider’s stock after selling 4,000 shares during the period. Strs Ohio’s holdings in WesBanco were worth $884,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rhumbline Advisers increased its stake in WesBanco by 0.5% in the third quarter. Rhumbline Advisers now owns 97,609 shares of the financial services provider’s stock worth $2,384,000 after purchasing an additional 505 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in WesBanco by 3.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,336 shares of the financial services provider’s stock worth $826,000 after buying an additional 900 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in WesBanco by 11.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,397 shares of the financial services provider’s stock valued at $295,000 after buying an additional 995 shares in the last quarter. Watershed Asset Management L.L.C. boosted its position in WesBanco by 12.2% in the 3rd quarter. Watershed Asset Management L.L.C. now owns 10,064 shares of the financial services provider’s stock valued at $246,000 after buying an additional 1,092 shares during the period. Finally, Swiss National Bank grew its stake in WesBanco by 1.0% in the 3rd quarter. Swiss National Bank now owns 130,245 shares of the financial services provider’s stock worth $3,181,000 after acquiring an additional 1,300 shares in the last quarter. 61.41% of the stock is owned by institutional investors.

WesBanco Trading Down 2.5 %

Shares of NASDAQ:WSBC opened at $28.28 on Thursday. The company has a market capitalization of $1.68 billion, a PE ratio of 11.78 and a beta of 0.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. WesBanco, Inc. has a 12-month low of $19.84 and a 12-month high of $32.20. The business’s fifty day simple moving average is $28.64 and its 200-day simple moving average is $28.23.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. The company had revenue of $225.96 million for the quarter, compared to analyst estimates of $147.81 million. WesBanco had a return on equity of 6.54% and a net margin of 17.52%. During the same quarter in the previous year, the firm earned $0.71 earnings per share. As a group, equities research analysts predict that WesBanco, Inc. will post 2.27 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a yield of 5.09%. WesBanco’s payout ratio is 60.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on WSBC. Stephens reaffirmed an “equal weight” rating and set a $30.00 price target on shares of WesBanco in a research note on Wednesday. Raymond James raised WesBanco from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Friday, January 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 price target on shares of WesBanco in a research report on Tuesday, April 9th. Finally, Hovde Group decreased their price objective on WesBanco from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, WesBanco currently has a consensus rating of “Hold” and an average target price of $31.17.

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.