AMG Funds LLC lessened its position in WesBanco Inc (NASDAQ:WSBC) by 12.1% during the third quarter, Holdings Channel reports. The fund owned 34,211 shares of the financial services provider’s stock after selling 4,705 shares during the period. WesBanco comprises 1.1% of AMG Funds LLC’s holdings, making the stock its 28th biggest holding. AMG Funds LLC’s holdings in WesBanco were worth $1,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. grew its stake in shares of WesBanco by 2.2% during the second quarter. Wesbanco Bank Inc. now owns 1,645,183 shares of the financial services provider’s stock valued at $74,099,000 after buying an additional 34,787 shares during the last quarter. Bank of America Corp DE grew its stake in shares of WesBanco by 0.5% during the second quarter. Bank of America Corp DE now owns 461,186 shares of the financial services provider’s stock valued at $20,772,000 after buying an additional 2,152 shares during the last quarter. City Holding Co. bought a new position in shares of WesBanco during the second quarter valued at about $381,000. Dalton Greiner Hartman Maher & Co. grew its stake in shares of WesBanco by 6.8% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 287,764 shares of the financial services provider’s stock valued at $12,829,000 after buying an additional 18,320 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of WesBanco by 45.2% during the second quarter. SG Americas Securities LLC now owns 8,137 shares of the financial services provider’s stock valued at $366,000 after buying an additional 2,533 shares during the last quarter. 54.44% of the stock is currently owned by institutional investors and hedge funds.

WesBanco stock 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 cap of $2.32 billion, a PE ratio of 17.21, a PEG ratio of 1.34 and a beta of 1.00. WesBanco Inc has a 1-year low of $37.29 and a 1-year high of $51.12.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.14). The firm had revenue of $116.16 million for the quarter, compared to analysts’ expectations of $109.07 million. WesBanco had a return on equity of 9.04% and a net margin of 24.22%. During the same quarter in the prior year, the company posted $0.60 earnings per share. Sell-side analysts predict that WesBanco Inc will post 3.16 earnings per share for the current year.

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

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $48.00 price objective on shares of WesBanco in a research note on Wednesday, July 25th. Zacks Investment Research cut WesBanco from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research note on Saturday. BidaskClub raised WesBanco from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a research note on Friday, September 14th. Finally, B. Riley set a $45.00 price objective on WesBanco and gave the company a “hold” rating in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. WesBanco presently has an average rating of “Hold” and an average target price of $47.25.

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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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Want to see what other hedge funds are holding WSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WesBanco Inc (NASDAQ:WSBC).

Institutional Ownership by Quarter for WesBanco (NASDAQ:WSBC)

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