WesBanco Inc (WSBC) Shares Bought by Blair William & Co. IL
Blair William & Co. IL grew its stake in shares of WesBanco Inc (NASDAQ:WSBC) by 55.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 31,579 shares of the financial services provider’s stock after buying an additional 11,211 shares during the period. Blair William & Co. IL owned approximately 0.06% of WesBanco worth $1,408,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in WSBC. BlackRock Inc. raised its position in shares of WesBanco by 20.8% during the third quarter. BlackRock Inc. now owns 3,692,352 shares of the financial services provider’s stock valued at $164,605,000 after buying an additional 634,700 shares during the last quarter. Dimensional Fund Advisors LP raised its position in WesBanco by 9.3% in the third quarter. Dimensional Fund Advisors LP now owns 4,122,907 shares of the financial services provider’s stock worth $183,799,000 after purchasing an additional 352,293 shares in the last quarter. Brown Advisory Inc. acquired a new position in WesBanco in the third quarter worth about $9,863,000. Regent Investment Management LLC acquired a new position in WesBanco in the third quarter worth about $7,577,000. Finally, PNC Financial Services Group Inc. raised its position in WesBanco by 965.6% in the second quarter. PNC Financial Services Group Inc. now owns 143,860 shares of the financial services provider’s stock worth $6,480,000 after purchasing an additional 130,360 shares in the last quarter. 56.97% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the stock. BidaskClub lowered shares of WesBanco from a “hold” rating to a “sell” rating in a research report on Friday. B. Riley set a $45.00 price target on shares of WesBanco and gave the stock a “hold” rating in a research report on Friday, November 2nd. Boenning Scattergood reissued a “hold” rating on shares of WesBanco in a research report on Friday, October 26th. Zacks Investment Research lowered shares of WesBanco from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research report on Saturday, November 17th. Finally, ValuEngine lowered shares of WesBanco from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $47.25.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.14). The business had revenue of $116.16 million during the quarter, compared to analyst estimates of $109.07 million. WesBanco had a return on equity of 9.04% and a net margin of 24.22%. During the same period last year, the company earned $0.60 EPS. Equities analysts predict that WesBanco Inc will post 3.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, December 13th. WesBanco’s payout ratio is 47.35%.
In other news, EVP Brent E. Richmond sold 4,006 shares of the firm’s stock in a transaction that occurred on 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 owns 19,635 shares of the company’s stock, valued at $895,356. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.14% of the company’s stock.
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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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