WesBanco, Inc. (NASDAQ:WSBC) Shares Bought by Denali Advisors LLC

Denali Advisors LLC lifted its holdings in WesBanco, Inc. (NASDAQ:WSBC) by 93.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 130,200 shares of the financial services provider’s stock after purchasing an additional 62,900 shares during the period. Denali Advisors LLC’s holdings in WesBanco were worth $4,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in WesBanco by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,419,070 shares of the financial services provider’s stock valued at $42,268,000 after acquiring an additional 32,879 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of WesBanco in the third quarter valued at approximately $1,148,000. FMR LLC increased its holdings in shares of WesBanco by 25.8% in the third quarter. FMR LLC now owns 695,487 shares of the financial services provider’s stock valued at $20,712,000 after purchasing an additional 142,597 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in WesBanco during the third quarter worth approximately $212,000. Finally, Cerity Partners LLC boosted its stake in WesBanco by 3.0% during the third quarter. Cerity Partners LLC now owns 30,049 shares of the financial services provider’s stock worth $895,000 after buying an additional 867 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Raymond James raised WesBanco from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $35.00 to $44.00 in a research note on Friday, December 6th. Keefe, Bruyette & Woods upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $44.00 in a research report on Monday, February 10th. StockNews.com upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. DA Davidson increased their price target on shares of WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Stephens reaffirmed an “equal weight” rating and set a $39.00 price target on shares of WesBanco in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.83.

WesBanco Trading Up 0.1 %

Shares of WSBC stock opened at $35.13 on Wednesday. WesBanco, Inc. has a 1-year low of $25.56 and a 1-year high of $37.36. The firm has a market cap of $2.35 billion, a PE ratio of 15.68 and a beta of 0.84. The company has a 50-day moving average of $33.81 and a two-hundred day moving average of $32.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. On average, analysts predict that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Company Profile

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.