Barclays PLC Has $12.08 Million Holdings in WesBanco, Inc. (NASDAQ:WSBC)

Barclays PLC raised its stake in WesBanco, Inc. (NASDAQ:WSBC) by 104.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 371,347 shares of the financial services provider’s stock after buying an additional 190,022 shares during the quarter. Barclays PLC owned 0.56% of WesBanco worth $12,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its position in shares of WesBanco by 807.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 1,614 shares during the period. Principal Securities Inc. raised its holdings in WesBanco by 40.9% in the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 603 shares during the period. Roble Belko & Company Inc bought a new position in shares of WesBanco during the fourth quarter worth $78,000. Allworth Financial LP boosted its position in shares of WesBanco by 668.5% during the fourth quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,146 shares in the last quarter. Finally, Hilltop National Bank increased its position in shares of 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 buying an additional 413 shares in the last quarter. Institutional investors own 61.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods raised WesBanco from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $40.00 to $44.00 in a research note on Monday, February 10th. StockNews.com upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Raymond James reduced their price target on shares of WesBanco from $44.00 to $38.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 2nd. Piper Sandler initiated coverage on shares of WesBanco in a report on Thursday, April 3rd. They set an “overweight” rating and a $37.00 price objective on the stock. Finally, DA Davidson increased their target price on WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $39.43.

WesBanco Trading Down 1.2 %

WesBanco stock opened at $27.96 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50-day moving average of $31.61 and a 200-day moving average of $32.79. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 12.48 and a beta of 0.76. WesBanco, Inc. has a one year low of $25.56 and a one year high of $37.36.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. On average, equities analysts expect that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend was Monday, March 10th. WesBanco’s dividend payout ratio (DPR) is presently 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.