AQR Capital Management LLC Has $2.11 Million Position in WesBanco, Inc. (NASDAQ:WSBC)

AQR Capital Management LLC lifted its holdings in WesBanco, Inc. (NASDAQ:WSBC) by 8.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,616 shares of the financial services provider’s stock after buying an additional 5,747 shares during the period. AQR Capital Management LLC owned about 0.13% of WesBanco worth $2,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WSBC. Vista Investment Management acquired a new stake in WesBanco during the 4th quarter worth about $201,000. PNC Financial Services Group Inc. grew its position in WesBanco by 34.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,292 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 1,617 shares in the last quarter. Moody National Bank Trust Division increased its stake in WesBanco by 17.5% in the 1st quarter. Moody National Bank Trust Division now owns 17,165 shares of the financial services provider’s stock valued at $512,000 after buying an additional 2,552 shares during the period. Bridge City Capital LLC lifted its position in WesBanco by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 84,607 shares of the financial services provider’s stock worth $2,522,000 after buying an additional 663 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of WesBanco during the 1st quarter valued at $222,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on WesBanco from $30.00 to $34.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Stephens raised their price target on WesBanco from $27.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. Hovde Group boosted their price target on WesBanco from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. DA Davidson raised their price objective on shares of WesBanco from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $35.00 target price on shares of WesBanco in a research report on Monday, September 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, WesBanco currently has a consensus rating of “Hold” and an average target price of $34.71.

WesBanco Stock Down 0.6 %

Shares of WesBanco stock opened at $29.11 on Wednesday. WesBanco, Inc. has a 12-month low of $23.00 and a 12-month high of $34.85. The stock has a market capitalization of $1.95 billion, a P/E ratio of 12.13 and a beta of 0.82. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average price of $30.52 and a two-hundred day moving average price of $29.15.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Friday, July 26th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $234.35 million during the quarter, compared to analyst estimates of $148.40 million. WesBanco had a net margin of 15.22% and a return on equity of 5.90%. During the same quarter in the previous year, the business posted $0.71 earnings per share. Equities analysts expect that WesBanco, Inc. will post 2.06 earnings per share for the current year.

WesBanco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were paid a dividend of $0.36 per share. The ex-dividend date was Friday, September 6th. This represents a $1.44 annualized dividend and a yield of 4.95%. WesBanco’s payout ratio is 60.00%.

Insider Buying and Selling at WesBanco

In other news, EVP Michael L. Perkins sold 5,363 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $30.19, for a total transaction of $161,908.97. Following the completion of the transaction, the executive vice president now directly owns 46,817 shares in the company, valued at $1,413,405.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.44% of the company’s stock.

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.