WesBanco, Inc. (NASDAQ:WSBC) Stock Holdings Lowered by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in WesBanco, Inc. (NASDAQ:WSBC) by 86.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,123 shares of the financial services provider’s stock after selling 19,325 shares during the quarter. SG Americas Securities LLC’s holdings in WesBanco were worth $102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in shares of WesBanco in the 3rd quarter worth approximately $56,000. 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 worth $62,000 after acquiring an additional 1,319 shares in the last quarter. Roble Belko & Company Inc purchased a new position in shares of WesBanco in the fourth quarter worth approximately $78,000. Hilltop National Bank increased its position in shares of WesBanco by 19.6% in the fourth quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 413 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of WesBanco in the third quarter worth approximately $80,000. 61.41% of the stock is currently owned by institutional investors.

WesBanco Stock Performance

Shares of WSBC opened at $36.34 on Thursday. The company’s 50 day moving average price is $33.70 and its 200 day moving average price is $32.45. WesBanco, Inc. has a 52 week low of $25.56 and a 52 week high of $37.36. The company has a market capitalization of $2.43 billion, a PE ratio of 16.22 and a beta of 0.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93.

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

WesBanco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.07%. This is an increase from WesBanco’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, December 6th. WesBanco’s payout ratio is currently 66.07%.

Wall Street Analysts Forecast Growth

WSBC has been the topic of several analyst reports. StockNews.com raised shares of WesBanco from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods raised shares of WesBanco from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $40.00 to $44.00 in a research report on Monday. DA Davidson lifted their target price on shares of WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and set a $39.00 price objective on shares of WesBanco in a research report on Thursday, January 23rd. Finally, Raymond James raised shares of WesBanco from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $35.00 to $44.00 in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, WesBanco currently has an average rating of “Moderate Buy” and an average target price of $40.83.

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.