WesBanco, Inc. (NASDAQ:WSBC) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. boosted its stake in WesBanco, Inc. (NASDAQ:WSBC) by 18.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 34,294 shares of the financial services provider’s stock after buying an additional 5,445 shares during the period. Goldman Sachs Group Inc.’s holdings in WesBanco were worth $1,307,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Macquarie Group Ltd. boosted its position in shares of WesBanco by 2.2% in the first quarter. Macquarie Group Ltd. now owns 1,373,968 shares of the financial services provider’s stock valued at $52,362,000 after buying an additional 30,212 shares during the period. AQR Capital Management LLC boosted its position in shares of WesBanco by 25.2% in the first quarter. AQR Capital Management LLC now owns 44,644 shares of the financial services provider’s stock valued at $1,701,000 after buying an additional 8,995 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of WesBanco during the first quarter valued at about $1,102,000. Schwab Charles Investment Management Inc. boosted its position in shares of WesBanco by 8.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 180,862 shares of the financial services provider’s stock valued at $6,893,000 after buying an additional 13,369 shares during the period. Finally, BlackRock Inc. boosted its position in shares of WesBanco by 25,298.2% in the first quarter. BlackRock Inc. now owns 2,653,602 shares of the financial services provider’s stock valued at $101,129,000 after buying an additional 2,643,154 shares during the period. 56.63% of the stock is currently owned by institutional investors.
Shares of WesBanco, Inc. (NASDAQ:WSBC) traded down 1.05% during mid-day trading on Thursday, hitting $36.82. The stock had a trading volume of 5,842 shares. The stock’s 50-day moving average is $38.93 and its 200 day moving average is $39.23. The firm has a market cap of $1.62 billion, a PE ratio of 16.82 and a beta of 0.94. WesBanco, Inc. has a 12 month low of $30.46 and a 12 month high of $44.19.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The firm had revenue of $94.26 million for the quarter, compared to analysts’ expectations of $96.70 million. WesBanco had a return on equity of 7.55% and a net margin of 23.44%. During the same period last year, the firm posted $0.58 earnings per share. Equities research analysts predict that WesBanco, Inc. will post $2.45 earnings per share for the current fiscal year.
Several research analysts recently issued reports on the company. BidaskClub cut WesBanco from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut WesBanco from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. FBR & Co lowered their target price on WesBanco from $44.00 to $40.00 and set a “mkt perform” rating for the company in a report on Friday, July 21st. ValuEngine upgraded WesBanco from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Finally, DA Davidson upgraded WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $41.60.
WesBanco Company Profile
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, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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