WesBanco, Inc. (NASDAQ:WSBC) Stock Holdings Cut by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC) by 54.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,698 shares of the financial services provider’s stock after selling 6,905 shares during the period. Quantbot Technologies LP’s holdings in WesBanco were worth $185,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in shares of WesBanco during the third quarter worth $116,114,000. Verition Fund Management LLC purchased a new stake in WesBanco during the third quarter valued at about $12,333,000. MCF Advisors LLC increased its position in shares of WesBanco by 17,801.0% in the fourth quarter. MCF Advisors LLC now owns 170,955 shares of the financial services provider’s stock worth $5,626,000 after acquiring an additional 170,000 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of WesBanco in the fourth quarter worth approximately $5,345,000. Finally, New York State Common Retirement Fund lifted its position in shares of WesBanco by 30.5% in the 4th quarter. New York State Common Retirement Fund now owns 653,656 shares of the financial services provider’s stock valued at $21,270,000 after acquiring an additional 152,766 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

WesBanco Stock Down 3.0 %

WSBC opened at $30.86 on Monday. WesBanco, Inc. has a 1-year low of $25.56 and a 1-year high of $37.36. The business has a 50 day moving average of $33.88 and a 200-day moving average of $33.00. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.78 and a beta of 0.84. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $0.37 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.80%. WesBanco’s payout ratio is presently 66.07%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WSBC. Raymond James raised WesBanco from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $35.00 to $44.00 in a research note on Friday, December 6th. DA Davidson raised their price target on shares of WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, January 27th. StockNews.com upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $44.00 in a report on Monday, February 10th. Finally, Stephens reiterated an “equal weight” rating and set a $39.00 price objective on shares of WesBanco in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.83.

About WesBanco

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.