Bridge City Capital LLC Boosts Position in WesBanco, Inc. (NASDAQ:WSBC)

Bridge City Capital LLC boosted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 99,731 shares of the financial services provider’s stock after buying an additional 890 shares during the quarter. Bridge City Capital LLC’s holdings in WesBanco were worth $3,245,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in WesBanco during the 3rd quarter valued at approximately $56,000. Principal Securities Inc. increased its position in shares of WesBanco by 40.9% during the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 603 shares during the last quarter. Roble Belko & Company Inc purchased a new stake in shares of WesBanco in the fourth quarter valued at $78,000. Allworth Financial LP raised its position in WesBanco by 668.5% in the 4th quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,146 shares during the period. Finally, Hilltop National Bank lifted its stake in shares of WesBanco by 19.6% during the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 413 shares during the last quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

WesBanco Stock Down 0.7 %

Shares of WSBC opened at $31.55 on Friday. The firm has a market cap of $2.11 billion, a P/E ratio of 14.08 and a beta of 0.84. WesBanco, Inc. has a 12 month low of $25.56 and a 12 month high of $37.36. The stock’s 50 day moving average is $33.85 and its two-hundred day moving average is $32.95. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $0.37 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.48 annualized dividend and a dividend yield of 4.69%. WesBanco’s dividend payout ratio (DPR) is presently 66.07%.

Wall Street Analyst Weigh In

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

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.