Teachers Advisors LLC boosted its stake in shares of WesBanco, Inc. (NASDAQ:WSBC) by 2.6% during the first quarter, Holdings Channel reports. The fund owned 70,979 shares of the financial services provider’s stock after buying an additional 1,797 shares during the period. Teachers Advisors LLC’s holdings in WesBanco were worth $2,705,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in WesBanco by 0.5% in the first quarter. IFP Advisors Inc now owns 16,894 shares of the financial services provider’s stock valued at $644,000 after buying an additional 92 shares during the last quarter. AMG Funds LLC boosted its position in WesBanco by 1.1% in the first quarter. AMG Funds LLC now owns 21,172 shares of the financial services provider’s stock valued at $807,000 after buying an additional 222 shares during the last quarter. Blair William & Co. IL boosted its position in WesBanco by 2.3% in the first quarter. Blair William & Co. IL now owns 10,960 shares of the financial services provider’s stock valued at $421,000 after buying an additional 243 shares during the last quarter. BB&T Corp boosted its position in WesBanco by 2.8% in the first quarter. BB&T Corp now owns 9,031 shares of the financial services provider’s stock valued at $345,000 after buying an additional 250 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in WesBanco by 7.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,783 shares of the financial services provider’s stock valued at $220,000 after buying an additional 419 shares during the last quarter. 56.07% of the stock is currently owned by hedge funds and other institutional investors.

WesBanco, Inc. (WSBC) traded up 0.24% during trading on Tuesday, hitting $37.21. The stock had a trading volume of 2,812 shares. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 17.00 and a beta of 0.94. The firm has a 50 day moving average of $38.80 and a 200-day moving average of $39.07. WesBanco, Inc. has a 12 month low of $30.46 and a 12 month high of $44.19.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $94.26 million for the quarter, compared to analysts’ expectations of $96.70 million. WesBanco had a net margin of 23.44% and a return on equity of 7.55%. During the same period last year, the firm earned $0.58 earnings per share. Equities analysts predict that WesBanco, Inc. will post $2.45 earnings per share for the current year.

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Several equities analysts have recently weighed in on the company. Zacks Investment Research cut WesBanco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub cut WesBanco from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. DA Davidson raised WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Friday, June 2nd. FBR & Co lowered their price target on WesBanco from $44.00 to $40.00 and set a “mkt perform” rating on the stock in a report on Friday, July 21st. Finally, ValuEngine raised WesBanco from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $41.60.

About WesBanco

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, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.

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Institutional Ownership by Quarter for WesBanco (NASDAQ:WSBC)

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