First Trust Advisors LP increased its stake in shares of WesBanco Inc (NASDAQ:WSBC) by 26.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 109,371 shares of the financial services provider’s stock after buying an additional 22,913 shares during the period. First Trust Advisors LP owned 0.23% of WesBanco worth $4,876,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. WealthTrust Fairport LLC bought a new stake in shares of WesBanco during the 2nd quarter worth about $118,000. Horan Capital Advisors LLC. bought a new stake in shares of WesBanco during the 2nd quarter worth about $186,000. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new stake in shares of WesBanco during the 3rd quarter worth about $202,000. Foster & Motley Inc. bought a new stake in shares of WesBanco during the 2nd quarter worth about $216,000. Finally, Lbmc Investment Advisors LLC bought a new stake in shares of WesBanco during the 2nd quarter worth about $260,000. 54.44% of the stock is owned by institutional investors and hedge funds.

NASDAQ WSBC opened at $42.17 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. WesBanco Inc has a 12-month low of $37.29 and a 12-month high of $51.12.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.14). The business had revenue of $116.16 million during the quarter, compared to the consensus estimate of $109.07 million. WesBanco had a net margin of 24.22% and a return on equity of 9.04%. During the same period in the prior year, the firm earned $0.60 EPS. On average, research analysts forecast that WesBanco Inc will post 3.16 EPS for the current fiscal year.

WSBC has been the subject of several research analyst reports. BidaskClub downgraded shares of WesBanco from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $48.00 target price on shares of WesBanco in a report on Wednesday, July 25th. Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a report on Friday, September 14th. ValuEngine downgraded shares of WesBanco from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, Zacks Investment Research raised shares of WesBanco from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. WesBanco currently has a consensus rating of “Hold” and an average target price of $47.25.

In other WesBanco news, EVP Michael L. Perkins sold 3,250 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $50.22, for a total value of $163,215.00. Following the completion of the sale, the executive vice president now owns 12,008 shares of the company’s stock, valued at approximately $603,041.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent E. Richmond sold 4,006 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $45.60, for a total transaction of $182,673.60. Following the completion of the sale, the executive vice president now directly owns 19,635 shares of the company’s stock, valued at approximately $895,356. The disclosure for this sale can be found here. Insiders own 4.14% of the company’s stock.

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About WesBanco

WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.

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Institutional Ownership by Quarter for WesBanco (NASDAQ:WSBC)

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