WesBanco, Inc. (WSBC) Position Maintained by Strs Ohio
Strs Ohio continued to hold its stake in WesBanco, Inc. (NASDAQ:WSBC) during the second quarter, Holdings Channel reports. The institutional investor owned 27,000 shares of the financial services provider’s stock at the end of the second quarter. Strs Ohio’s holdings in WesBanco were worth $1,067,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in WesBanco by 0.5% in the first quarter. IFP Advisors Inc now owns 16,894 shares of the financial services provider’s stock valued at $644,000 after buying an additional 92 shares during the period. AMG Funds LLC increased its stake in WesBanco by 1.1% in the first quarter. AMG Funds LLC now owns 21,172 shares of the financial services provider’s stock valued at $807,000 after buying an additional 222 shares during the period. Blair William & Co. IL increased its stake in WesBanco by 2.3% in the first quarter. Blair William & Co. IL now owns 10,960 shares of the financial services provider’s stock valued at $421,000 after buying an additional 243 shares during the period. BB&T Corp increased its stake in WesBanco by 2.8% in the first quarter. BB&T Corp now owns 9,031 shares of the financial services provider’s stock valued at $345,000 after buying an additional 250 shares during the period. Finally, Alpha Windward LLC increased its stake in WesBanco by 2.6% in the second quarter. Alpha Windward LLC now owns 11,940 shares of the financial services provider’s stock valued at $472,000 after buying an additional 300 shares during the period. Institutional investors own 56.07% of the company’s stock.
WesBanco, Inc. (NASDAQ WSBC) opened at 37.12 on Tuesday. The firm has a 50-day moving average price of $38.80 and a 200 day moving average price of $39.07. WesBanco, Inc. has a 12-month low of $30.46 and a 12-month high of $44.19. The firm has a market cap of $1.63 billion, a PE ratio of 16.96 and a beta of 0.94.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results 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. WesBanco had a return on equity of 7.55% and a net margin of 23.44%. The business had revenue of $94.26 million for the quarter, compared to the consensus estimate of $96.70 million. During the same quarter in the previous year, the business posted $0.58 EPS. Equities research analysts forecast that WesBanco, Inc. will post $2.45 EPS for the current year.
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Several research firms have recently issued reports on WSBC. Zacks Investment Research downgraded WesBanco from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub downgraded WesBanco from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. DA Davidson upgraded WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Friday, June 2nd. FBR & Co decreased their target price on WesBanco from $44.00 to $40.00 and set a “mkt perform” rating for the company in a research note on Friday, July 21st. Finally, ValuEngine upgraded WesBanco from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. WesBanco currently has an average rating of “Hold” and a consensus 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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