Lbmc Investment Advisors LLC Takes $213,000 Position in WesBanco, Inc. (NASDAQ:WSBC)
Lbmc Investment Advisors LLC purchased a new stake in shares of WesBanco, Inc. (NASDAQ:WSBC – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,768 shares of the financial services provider’s stock, valued at approximately $213,000.
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Several other large investors have also recently bought and sold shares of WSBC. Cambridge Investment Research Advisors Inc. lifted its position in WesBanco by 70.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 11,235 shares of the financial services provider’s stock worth $375,000 after buying an additional 4,627 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of WesBanco by 3.0% during the third quarter. Segall Bryant & Hamill LLC now owns 615,998 shares of the financial services provider’s stock worth $20,557,000 after acquiring an additional 17,693 shares in the last quarter. Creative Planning boosted its position in WesBanco by 6.2% during the third quarter. Creative Planning now owns 32,695 shares of the financial services provider’s stock valued at $1,091,000 after purchasing an additional 1,918 shares during the last quarter. Bridge City Capital LLC grew its stake in WesBanco by 3.6% in the third quarter. Bridge City Capital LLC now owns 46,337 shares of the financial services provider’s stock valued at $1,546,000 after purchasing an additional 1,589 shares in the last quarter. Finally, Bank of Montreal Can increased its position in WesBanco by 1.5% in the 2nd quarter. Bank of Montreal Can now owns 26,296 shares of the financial services provider’s stock worth $849,000 after purchasing an additional 385 shares during the last quarter. 58.78% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on WSBC shares. Raymond James reiterated a “market perform” rating on shares of WesBanco in a report on Thursday, December 22nd. Piper Sandler decreased their target price on shares of WesBanco from $41.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 26th. Finally, StockNews.com initiated coverage on shares of WesBanco in a research note on Thursday. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.67.
WesBanco Stock Down 4.0 %
Shares of NASDAQ WSBC traded down $1.30 during mid-day trading on Friday, reaching $31.57. 162,823 shares of the company traded hands, compared to its average volume of 168,338. The company’s fifty day moving average is $36.29 and its two-hundred day moving average is $37.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 0.83. WesBanco, Inc. has a fifty-two week low of $29.50 and a fifty-two week high of $41.37. The stock has a market cap of $1.87 billion, a PE ratio of 10.81 and a beta of 0.92.
WesBanco (NASDAQ:WSBC – Get Rating) last announced its earnings results on Tuesday, January 24th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. WesBanco had a return on equity of 8.36% and a net margin of 30.44%. The firm had revenue of $176.69 million during the quarter, compared to analysts’ expectations of $159.97 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, analysts expect that WesBanco, Inc. will post 3.26 earnings per share for the current year.
WesBanco Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, April 1st. Investors of record on Friday, March 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.40 annualized dividend and a yield of 4.43%. WesBanco’s dividend payout ratio (DPR) is presently 46.05%.
WesBanco Profile
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.
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