WesBanco, Inc. (WSBC) Holdings Boosted by Earnest Partners LLC
Earnest Partners LLC grew its position in WesBanco, Inc. (NASDAQ:WSBC) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,509,418 shares of the financial services provider’s stock after purchasing an additional 11,643 shares during the quarter. Earnest Partners LLC owned approximately 3.43% of WesBanco worth $59,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of WSBC. Ameritas Investment Partners Inc. bought a new position in shares of WesBanco in the first quarter worth approximately $132,000. Smithfield Trust Co. bought a new position in shares of WesBanco in the second quarter worth approximately $138,000. Sei Investments Co. boosted its position in shares of WesBanco by 4,236.6% in the second quarter. Sei Investments Co. now owns 4,380 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 4,279 shares during the period. Amalgamated Bank bought a new position in shares of WesBanco in the second quarter worth approximately $211,000. Finally, Victory Capital Management Inc. boosted its position in shares of WesBanco by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,350 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 801 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.
WesBanco, Inc. (NASDAQ:WSBC) traded up 0.12% during trading on Friday, hitting $41.58. 111,529 shares of the company’s stock were exchanged. WesBanco, Inc. has a 12-month low of $32.06 and a 12-month high of $44.19. The company’s 50-day moving average price is $38.55 and its 200 day moving average price is $38.52. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 18.99 and a beta of 0.96.
WesBanco (NASDAQ:WSBC) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The firm had revenue of $94.26 million for the quarter, compared to analyst estimates of $96.70 million. WesBanco had a return on equity of 7.55% and a net margin of 23.44%. During the same period in the previous year, the business earned $0.58 EPS. Equities analysts forecast that WesBanco, Inc. will post $2.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.04 dividend on an annualized basis and a yield of 2.50%. WesBanco’s dividend payout ratio is currently 47.71%.
A number of equities analysts have weighed in on WSBC shares. BidaskClub lowered shares of WesBanco from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. FBR & Co reiterated a “mkt perform” rating and issued a $40.00 price target (down from $44.00) on shares of WesBanco in a research report on Thursday, July 20th. Zacks Investment Research lowered shares of WesBanco from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $41.00 price target on shares of WesBanco in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. WesBanco presently has a consensus rating of “Hold” and an average price target of $41.00.
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In related news, EVP Brent E. Richmond sold 1,440 shares of WesBanco stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $36.83, for a total value of $53,035.20. Following the sale, the executive vice president now owns 22,701 shares of the company’s stock, valued at approximately $836,077.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.05% of the stock is currently owned by company 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, 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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