WesBanco Inc. (WSBC) Stake Increased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its position in WesBanco Inc. (NASDAQ:WSBC) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,050,607 shares of the financial services provider’s stock after buying an additional 133,097 shares during the period. Dimensional Fund Advisors LP owned about 7.94% of WesBanco worth $94,720,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas increased its position in shares of WesBanco by 26.8% in the second quarter. Teacher Retirement System of Texas now owns 5,385 shares of the financial services provider’s stock worth $167,000 after buying an additional 1,137 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of WesBanco by 77.5% in the second quarter. Victory Capital Management Inc. now owns 4,071 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,778 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of WesBanco by 0.8% in the second quarter. Wesbanco Bank Inc. now owns 1,771,309 shares of the financial services provider’s stock worth $54,999,000 after buying an additional 13,496 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of WesBanco by 53.2% in the second quarter. UBS Asset Management Americas Inc. now owns 20,986 shares of the financial services provider’s stock worth $651,000 after buying an additional 7,287 shares in the last quarter. Finally, Blair William & Co. IL acquired a new position in shares of WesBanco during the second quarter worth $286,000. 52.73% of the stock is currently owned by institutional investors.
Shares of WesBanco Inc. (NASDAQ:WSBC) traded up 0.46% on Wednesday, reaching $32.62. The company’s stock had a trading volume of 13,455 shares. WesBanco Inc. has a 52-week low of $26.93 and a 52-week high of $34.32. The company has a market cap of $1.25 billion, a P/E ratio of 13.92 and a beta of 0.93. The company has a 50 day moving average price of $31.97 and a 200 day moving average price of $31.26.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. WesBanco had a return on equity of 7.99% and a net margin of 26.00%. On average, analysts anticipate that WesBanco Inc. will post $2.32 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Wednesday, September 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Monday, September 12th. WesBanco’s dividend payout ratio (DPR) is currently 40.68%.
A number of research analysts have recently weighed in on WSBC shares. FBR & Co set a $32.00 price target on WesBanco and gave the company a “hold” rating in a report on Thursday, July 21st. Zacks Investment Research downgraded WesBanco from a “hold” rating to a “sell” rating in a research note on Saturday, July 23rd.
In other news, Director Charlotte A. Zuschlag sold 7,900 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $32.39, for a total value of $255,881.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Charlotte A. Zuschlag sold 17,128 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $32.50, for a total value of $556,660.00. The disclosure for this sale can be found here. 4.22% of the stock is owned by insiders.
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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