WesBanco, Inc. (NASDAQ:WSBC) Holdings Decreased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC reduced its stake in shares of WesBanco, Inc. (NASDAQ:WSBC – Get Rating) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,928 shares of the financial services provider’s stock after selling 2,466 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.10% of WesBanco worth $2,253,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in WesBanco by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 5,973,790 shares of the financial services provider’s stock worth $205,259,000 after buying an additional 75,273 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in WesBanco by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,606,697 shares of the financial services provider’s stock worth $170,356,000 after acquiring an additional 106,068 shares during the period. Macquarie Group Ltd. boosted its position in WesBanco by 1.4% during the 3rd quarter. Macquarie Group Ltd. now owns 1,776,778 shares of the financial services provider’s stock worth $59,327,000 after acquiring an additional 25,089 shares during the period. Invesco Ltd. lifted its holdings in shares of WesBanco by 4.3% in the first quarter. Invesco Ltd. now owns 642,911 shares of the financial services provider’s stock valued at $22,090,000 after buying an additional 26,551 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of WesBanco by 3.0% in the third quarter. Segall Bryant & Hamill LLC now owns 615,998 shares of the financial services provider’s stock valued at $20,557,000 after buying an additional 17,693 shares during the period. 58.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Jeffrey H. Jackson bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were bought at an average cost of $22.34 per share, with a total value of $111,700.00. Following the transaction, the chief operating officer now directly owns 17,627 shares in the company, valued at approximately $393,787.18. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Robert J. Fitzsimmons purchased 15,500 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was bought at an average price of $23.10 per share, for a total transaction of $358,050.00. Following the purchase, the director now owns 46,908 shares in the company, valued at approximately $1,083,574.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey H. Jackson purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were bought at an average price of $22.34 per share, with a total value of $111,700.00. Following the purchase, the chief operating officer now owns 17,627 shares in the company, valued at approximately $393,787.18. The disclosure for this purchase can be found here. Insiders have bought a total of 22,000 shares of company stock valued at $504,875 in the last three months. Insiders own 3.07% of the company’s stock.

Analyst Upgrades and Downgrades

WSBC has been the subject of several research analyst reports. DA Davidson cut their price objective on WesBanco from $38.00 to $31.00 in a report on Wednesday, April 26th. Stephens assumed coverage on WesBanco in a research report on Monday, April 3rd. They set an “equal weight” rating and a $28.00 target price on the stock. Keefe, Bruyette & Woods cut their target price on WesBanco from $40.00 to $35.00 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. Royal Bank of Canada cut their target price on WesBanco from $36.00 to $32.00 in a research report on Wednesday, April 26th. Finally, StockNews.com assumed coverage on WesBanco in a research report on Thursday, May 18th. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.57.

WesBanco Stock Performance

Shares of WSBC stock opened at $23.97 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.88 and a quick ratio of 0.88. WesBanco, Inc. has a fifty-two week low of $19.84 and a fifty-two week high of $41.37. The stock’s 50-day moving average is $27.28 and its two-hundred day moving average is $33.88. The firm has a market cap of $1.42 billion, a P/E ratio of 7.91 and a beta of 0.90.

WesBanco (NASDAQ:WSBC – Get Rating) last issued its earnings results on Monday, April 24th. The financial services provider reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.06). WesBanco had a return on equity of 8.40% and a net margin of 28.13%. The firm had revenue of $151.99 million during the quarter, compared to analyst estimates of $157.27 million. During the same period in the previous year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts predict that WesBanco, Inc. will post 2.74 earnings per share for the current fiscal year.

WesBanco Company Profile

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WesBanco, Inc is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Community Banking, and Trust and Investment Services. The Community Banking segment delivers services traditionally offered by 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.