2,399 Shares in WesBanco, Inc. (NASDAQ:WSBC) Acquired by Roble Belko & Company Inc

Roble Belko & Company Inc purchased a new position in WesBanco, Inc. (NASDAQ:WSBC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,399 shares of the financial services provider’s stock, valued at approximately $78,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in WesBanco during the 3rd quarter worth $116,114,000. Verition Fund Management LLC purchased a new stake in shares of WesBanco in the 3rd quarter valued at about $12,333,000. F M Investments LLC acquired a new stake in shares of WesBanco in the 3rd quarter valued at about $7,726,000. FMR LLC grew its stake in WesBanco by 25.8% during the 3rd quarter. FMR LLC now owns 695,487 shares of the financial services provider’s stock worth $20,712,000 after buying an additional 142,597 shares during the last quarter. Finally, Millennium Management LLC increased its position in WesBanco by 466.7% during the second quarter. Millennium Management LLC now owns 152,858 shares of the financial services provider’s stock worth $4,266,000 after buying an additional 125,883 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.

WesBanco Price Performance

WesBanco stock opened at $32.15 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50 day simple moving average of $34.25 and a 200-day simple moving average of $31.88. WesBanco, Inc. has a 12 month low of $25.56 and a 12 month high of $37.36. The stock has a market capitalization of $2.15 billion, a PE ratio of 15.38 and a beta of 0.85.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $243.34 million during the quarter, compared to the consensus estimate of $152.40 million. WesBanco had a net margin of 14.79% and a return on equity of 5.75%. During the same quarter in the prior year, the firm earned $0.59 EPS. Equities analysts predict that WesBanco, Inc. will post 2.14 earnings per share for the current year.

WesBanco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a $0.37 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.48 dividend on an annualized basis and a yield of 4.60%. This is an increase from WesBanco’s previous quarterly dividend of $0.36. WesBanco’s dividend payout ratio (DPR) is presently 70.81%.

Insider Buying and Selling at WesBanco

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $34.87, for a total value of $39,228.75. Following the completion of the sale, the executive vice president now owns 46,817 shares of the company’s stock, valued at approximately $1,632,508.79. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WSBC shares. Raymond James raised WesBanco from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $35.00 to $44.00 in a report on Friday, December 6th. Stephens increased their price target on shares of WesBanco from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, WesBanco currently has an average rating of “Moderate Buy” and an average price target of $37.83.

About WesBanco

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.