Atria Investments Inc Has $688,000 Stock Position in WesBanco, Inc. (NASDAQ:WSBC)

Atria Investments Inc boosted its position in WesBanco, Inc. (NASDAQ:WSBC) by 22.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,103 shares of the financial services provider’s stock after acquiring an additional 4,269 shares during the period. Atria Investments Inc’s holdings in WesBanco were worth $688,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP raised its stake in WesBanco by 215.3% during the 2nd quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock worth $37,000 after buying an additional 913 shares during the period. Signaturefd LLC boosted its stake in shares of WesBanco by 214.5% during the 2nd quarter. Signaturefd LLC now owns 1,384 shares of the financial services provider’s stock worth $39,000 after buying an additional 944 shares during the last quarter. Innealta Capital LLC bought a new position in shares of WesBanco in the 2nd quarter valued at about $53,000. CWM LLC increased its position in shares of WesBanco by 175.2% in the third quarter. CWM LLC now owns 2,072 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 1,319 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in WesBanco during the third quarter worth about $80,000. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Stock Down 0.7 %

Shares of NASDAQ WSBC opened at $35.26 on Wednesday. The firm has a market cap of $2.36 billion, a PE ratio of 16.87 and a beta of 0.81. The company has a 50 day simple moving average of $31.42 and a 200 day simple moving average of $30.05. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. WesBanco, Inc. has a 1 year low of $25.56 and a 1 year high of $36.87.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. WesBanco had a return on equity of 5.75% and a net margin of 14.79%. The company had revenue of $243.34 million during the quarter, compared to analysts’ expectations of $152.40 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, research analysts forecast that WesBanco, Inc. will post 2.14 EPS for the current year.

Insider Buying and Selling

In related news, EVP Michael L. Perkins sold 1,125 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $34.87, for a total transaction of $39,228.75. Following the sale, the executive vice president now owns 46,817 shares in the company, valued at $1,632,508.79. This represents a 2.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.44% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WSBC. Keefe, Bruyette & Woods raised their target price on shares of WesBanco from $30.00 to $34.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. DA Davidson lifted their target price on WesBanco from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Hovde Group raised their price target on WesBanco from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $35.00 target price on shares of WesBanco in a research note on Monday, September 9th. Finally, Stephens lifted their target price on WesBanco from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.17.

WesBanco 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.