Nisa Investment Advisors LLC Has $28,000 Position in WesBanco, Inc. (NASDAQ:WSBC)

Nisa Investment Advisors LLC decreased its position in shares of WesBanco, Inc. (NASDAQ:WSBC) by 91.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 840 shares of the financial services provider’s stock after selling 8,500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in WesBanco were worth $28,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Quarry LP boosted its stake in WesBanco by 215.3% in the second quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 913 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of WesBanco in the 3rd quarter valued at $56,000. CWM LLC boosted its position in shares of WesBanco by 175.2% in the 3rd quarter. CWM LLC now owns 2,072 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 1,319 shares during the last quarter. Roble Belko & Company Inc acquired a new stake in shares of WesBanco during the fourth quarter worth $78,000. Finally, nVerses Capital LLC bought a new stake in WesBanco in the third quarter valued at about $80,000. 61.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on WSBC. Raymond James upgraded WesBanco from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $35.00 to $44.00 in a research report on Friday, December 6th. DA Davidson boosted their price objective on shares of WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a report on Monday, January 27th. Stephens reiterated an “equal weight” rating and issued a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of WesBanco from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, WesBanco currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.17.

Insider Buying and Selling at WesBanco

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $34.87, for a total transaction of $39,228.75. Following the transaction, the executive vice president now owns 46,817 shares of the company’s stock, valued at $1,632,508.79. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.44% of the company’s stock.

WesBanco Stock Performance

Shares of WSBC opened at $35.04 on Friday. WesBanco, Inc. has a twelve month low of $25.56 and a twelve month high of $37.36. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s 50 day moving average price is $33.66 and its two-hundred day moving average price is $32.30. The firm has a market cap of $2.34 billion, a P/E ratio of 15.64 and a beta of 0.85.

WesBanco (NASDAQ:WSBC) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. On average, analysts forecast that WesBanco, Inc. will post 3.13 EPS for the current fiscal year.

WesBanco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.48 dividend on an annualized basis and a yield of 4.22%. This is an increase from WesBanco’s previous quarterly dividend of $0.36. WesBanco’s dividend payout ratio (DPR) is 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.