BlackRock Inc. boosted its position in shares of WesBanco Inc (NASDAQ:WSBC) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,840,406 shares of the financial services provider’s stock after acquiring an additional 148,054 shares during the period. BlackRock Inc. owned 7.03% of WesBanco worth $140,906,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. MCF Advisors LLC raised its holdings in shares of WesBanco by 496.9% in the fourth quarter. MCF Advisors LLC now owns 955 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 795 shares in the last quarter. Quantamental Technologies LLC bought a new position in WesBanco in the fourth quarter worth about $70,000. Ancora Advisors LLC bought a new position in WesBanco in the third quarter worth about $103,000. Panagora Asset Management Inc. bought a new position in WesBanco in the third quarter worth about $126,000. Finally, Bank of Montreal Can raised its holdings in WesBanco by 7.4% in the fourth quarter. Bank of Montreal Can now owns 5,374 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 58.83% of the company’s stock.
Several equities analysts have recently issued reports on WSBC shares. BidaskClub downgraded shares of WesBanco from a “sell” rating to a “strong sell” rating in a report on Friday, March 22nd. Zacks Investment Research upgraded WesBanco from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Sunday, January 6th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $44.67.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.01). The company had revenue of $128.33 million during the quarter, compared to analysts’ expectations of $130.42 million. WesBanco had a return on equity of 9.20% and a net margin of 27.77%. During the same quarter in the prior year, the company posted $0.66 EPS. On average, equities research analysts forecast that WesBanco Inc will post 3.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.01%. This is an increase from WesBanco’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, March 14th. WesBanco’s dividend payout ratio is presently 38.63%.
In other news, Director Denise H. Knouse-Snyder acquired 675 shares of WesBanco stock in a transaction that occurred on Thursday, February 21st. The stock was purchased at an average cost of $42.36 per share, with a total value of $28,593.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $84,720. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kerry M. Stemler bought 1,343 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was bought at an average cost of $37.66 per share, with a total value of $50,577.38. Following the completion of the purchase, the director now directly owns 96,004 shares in the company, valued at $3,615,510.64. The disclosure for this purchase can be found here. Corporate insiders own 3.24% of the company’s stock.
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WesBanco Company Profile
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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