WesBanco Inc (WSBC) Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lessened its position in WesBanco Inc (NASDAQ:WSBC) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,693 shares of the financial services provider’s stock after selling 44,883 shares during the period. Deprince Race & Zollo Inc. owned 0.37% of WesBanco worth $7,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WSBC. Public Employees Retirement System of Ohio boosted its holdings in WesBanco by 52.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 727 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 250 shares in the last quarter. Executive Wealth Management LLC bought a new position in shares of WesBanco in the fourth quarter valued at approximately $27,000. Advisory Services Network LLC lifted its holdings in shares of WesBanco by 55.8% in the fourth quarter. Advisory Services Network LLC now owns 765 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 274 shares in the last quarter. MCF Advisors LLC lifted 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 purchasing an additional 795 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in shares of WesBanco during the fourth quarter valued at approximately $70,000. 58.71% of the stock is owned by institutional investors and hedge funds.

In other news, Director Kerry M. Stemler purchased 1,343 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average price 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 approximately $3,615,510.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Denise H. Knouse-Snyder bought 675 shares of the stock in a transaction dated Thursday, February 21st. The stock was bought 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 approximately $84,720. The disclosure for this purchase can be found here. 3.24% of the stock is currently owned by company insiders.

A number of brokerages recently commented on WSBC. BidaskClub downgraded WesBanco from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. Zacks Investment Research raised WesBanco from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Boenning Scattergood reissued a “hold” rating on shares of WesBanco in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.67.

Shares of NASDAQ WSBC traded down $1.02 during mid-day trading on Friday, hitting $39.95. The company had a trading volume of 132,019 shares, compared to its average volume of 123,365. The stock has a market cap of $2.18 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 1.23 and a beta of 1.07. WesBanco Inc has a 1 year low of $34.14 and a 1 year high of $51.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 0.86.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.02). The company had revenue of $126.13 million during the quarter, compared to analysts’ expectations of $127.68 million. WesBanco had a net margin of 27.17% and a return on equity of 9.19%. WesBanco’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. On average, sell-side analysts predict that WesBanco Inc will post 3.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.31 per share. This is a positive change from WesBanco’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, March 14th. This represents a $1.24 annualized dividend and a yield of 3.10%. WesBanco’s dividend payout ratio (DPR) is currently 38.63%.

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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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Institutional Ownership by Quarter for WesBanco (NASDAQ:WSBC)

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