Campbell & CO Investment Adviser LLC Makes New $701,000 Investment in WesBanco, Inc. $WSBC

Campbell & CO Investment Adviser LLC bought a new stake in WesBanco, Inc. (NASDAQ:WSBC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,155 shares of the financial services provider’s stock, valued at approximately $701,000.

Other large investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in WesBanco by 58.8% during the 1st quarter. Swiss National Bank now owns 185,977 shares of the financial services provider’s stock worth $5,758,000 after purchasing an additional 68,832 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of WesBanco by 7.1% in the first quarter. Envestnet Asset Management Inc. now owns 258,682 shares of the financial services provider’s stock valued at $8,009,000 after buying an additional 17,172 shares in the last quarter. LPL Financial LLC grew its holdings in WesBanco by 44.9% during the first quarter. LPL Financial LLC now owns 64,023 shares of the financial services provider’s stock worth $1,982,000 after acquiring an additional 19,836 shares during the period. Vanguard Group Inc. lifted its holdings in WesBanco by 40.3% in the first quarter. Vanguard Group Inc. now owns 9,413,008 shares of the financial services provider’s stock valued at $291,427,000 after acquiring an additional 2,702,469 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in shares of WesBanco during the 1st quarter worth $1,123,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at WesBanco

In related news, Director Joseph R. Robinson acquired 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $200,000.00. Following the transaction, the director owned 8,000 shares in the company, valued at $200,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director F Eric Nelson, Jr. bought 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was purchased at an average cost of $25.00 per share, with a total value of $200,000.00. Following the purchase, the director directly owned 8,000 shares in the company, valued at $200,000. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 52,921 shares of company stock valued at $1,339,995. 2.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WSBC shares. Wall Street Zen downgraded shares of WesBanco from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WesBanco in a report on Wednesday, October 8th. DA Davidson lowered WesBanco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Royal Bank Of Canada raised their price objective on WesBanco from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, WesBanco currently has a consensus rating of “Moderate Buy” and an average price target of $39.17.

WesBanco Price Performance

Shares of NASDAQ WSBC opened at $31.17 on Friday. The firm’s 50-day moving average is $31.63 and its two-hundred day moving average is $31.52. The company has a market capitalization of $2.99 billion, a PE ratio of 15.90 and a beta of 0.89. WesBanco, Inc. has a 12-month low of $26.42 and a 12-month high of $37.36. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.94 and a quick ratio of 0.93.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.05. WesBanco had a return on equity of 8.55% and a net margin of 13.91%.The firm had revenue of $261.58 million during the quarter, compared to the consensus estimate of $263.38 million. During the same period in the previous year, the firm posted $0.54 EPS. Equities analysts anticipate that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Friday, September 5th. WesBanco’s dividend payout ratio is currently 75.51%.

WesBanco Company Profile

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.