WesBanco Inc (WSBC) Stake Decreased by Advisor Group Inc.

Advisor Group Inc. cut its position in shares of WesBanco Inc (NASDAQ:WSBC) by 40.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,560 shares of the financial services provider’s stock after selling 1,733 shares during the period. Advisor Group Inc.’s holdings in WesBanco were worth $94,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MCF Advisors LLC raised its stake in shares of WesBanco by 496.9% during the 4th quarter. MCF Advisors LLC now owns 955 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 795 shares in the last quarter. Quantamental Technologies LLC acquired a new position in WesBanco during the 4th quarter valued at approximately $70,000. Panagora Asset Management Inc. acquired a new position in WesBanco during the 3rd quarter valued at approximately $126,000. Bank of Montreal Can increased its stake in WesBanco by 7.4% during the 4th quarter. Bank of Montreal Can now owns 5,374 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 372 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new position in WesBanco during the 3rd quarter valued at approximately $221,000. 58.73% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on WSBC shares. BidaskClub upgraded shares of WesBanco from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. Zacks Investment Research upgraded shares of WesBanco from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Sunday, January 6th. Boenning Scattergood reiterated a “hold” rating on shares of WesBanco in a research note on Wednesday, April 17th. Finally, ValuEngine lowered shares of WesBanco from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.67.

NASDAQ WSBC traded up $0.64 during mid-day trading on Friday, reaching $40.85. 157,152 shares of the stock were exchanged, compared to its average volume of 109,599. WesBanco Inc has a 1 year low of $34.14 and a 1 year high of $51.12. The company has a market capitalization of $2.23 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.02). The firm had revenue of $126.13 million for the quarter, compared to analysts’ expectations of $127.68 million. WesBanco had a return on equity of 9.19% and a net margin of 27.17%. The business’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period last year, the company posted $0.76 earnings per share. On average, equities analysts expect that WesBanco Inc will post 3.25 EPS for the current year.

In other WesBanco news, Director Denise H. Knouse-Snyder bought 675 shares of WesBanco stock in a transaction dated Thursday, February 21st. The stock was acquired at an average cost of $42.36 per share, for a total transaction of $28,593.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $84,720. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kerry M. Stemler bought 1,343 shares of WesBanco stock in a transaction dated Friday, March 22nd. The stock was acquired at an average price of $37.66 per share, with a total value of $50,577.38. Following the completion of the transaction, the director now directly owns 96,004 shares of the company’s stock, valued at $3,615,510.64. The disclosure for this purchase can be found here. Company insiders own 3.24% of the company’s stock.

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WesBanco 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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