Schroder Investment Management Group Has $1,217,000 Position in WesBanco, Inc. (WSBC)
Schroder Investment Management Group held its stake in shares of WesBanco, Inc. (NASDAQ:WSBC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,000 shares of the financial services provider’s stock at the end of the third quarter. Schroder Investment Management Group owned about 0.08% of WesBanco worth $1,217,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in WSBC. Deprince Race & Zollo Inc. raised its stake in shares of WesBanco by 48.5% in the second quarter. Deprince Race & Zollo Inc. now owns 912,224 shares of the financial services provider’s stock worth $28,325,000 after buying an additional 297,775 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of WesBanco by 16.0% in the third quarter. BlackRock Fund Advisors now owns 1,062,299 shares of the financial services provider’s stock worth $34,928,000 after buying an additional 146,130 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of WesBanco by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,050,607 shares of the financial services provider’s stock worth $94,720,000 after buying an additional 133,097 shares in the last quarter. Huntington National Bank raised its stake in shares of WesBanco by 2,418.7% in the second quarter. Huntington National Bank now owns 135,303 shares of the financial services provider’s stock worth $4,202,000 after buying an additional 129,931 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of WesBanco by 8.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,056,167 shares of the financial services provider’s stock worth $34,727,000 after buying an additional 78,115 shares in the last quarter. Institutional investors and hedge funds own 55.02% of the company’s stock.
Shares of WesBanco, Inc. (NASDAQ:WSBC) traded up 0.78% during midday trading on Friday, hitting $42.37. 98,524 shares of the stock were exchanged. WesBanco, Inc. has a 12 month low of $26.93 and a 12 month high of $44.19. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 19.22 and a beta of 0.87. The firm’s 50-day moving average is $41.59 and its 200-day moving average is $34.57.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.13. WesBanco had a net margin of 24.20% and a return on equity of 7.72%. During the same quarter in the prior year, the company earned $0.58 EPS. Equities research analysts predict that WesBanco, Inc. will post $2.20 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 2nd. Stockholders of record on Friday, December 9th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, December 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.27%. WesBanco’s dividend payout ratio is presently 43.24%.
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A number of equities research analysts have weighed in on WSBC shares. Zacks Investment Research upgraded shares of WesBanco from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, December 28th. Macquarie lowered shares of WesBanco from an “outperform” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Tuesday, November 22nd. Finally, FBR & Co boosted their target price on shares of WesBanco from $32.00 to $33.00 and gave the company a “mkt perform” rating in a research note on Thursday, October 27th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.33.
In other WesBanco news, CFO Robert H. Young sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $37.96, for a total value of $75,920.00. Following the completion of the sale, the chief financial officer now directly owns 12,550 shares in the company, valued at $476,398. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary L. Libs bought 7,420 shares of the stock in a transaction on Friday, October 28th. The stock was purchased at an average price of $32.82 per share, with a total value of $243,524.40. Following the completion of the purchase, the director now owns 170,486 shares of the company’s stock, valued at $5,595,350.52. The disclosure for this purchase can be found here. 4.22% of the stock is currently owned by company insiders.
WesBanco Company Profile
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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