Seizert Capital Partners LLC Sells 10,111 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Seizert Capital Partners LLC lessened its stake in shares of WesBanco, Inc. (NASDAQ:WSBC – Free Report) by 14.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,224 shares of the financial services provider’s stock after selling 10,111 shares during the quarter. Seizert Capital Partners LLC owned about 0.10% of WesBanco worth $1,818,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of WesBanco by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 5,973,790 shares of the financial services provider’s stock worth $205,259,000 after acquiring an additional 75,273 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in WesBanco by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,606,697 shares of the financial services provider’s stock valued at $170,356,000 after purchasing an additional 106,068 shares during the period. Macquarie Group Ltd. boosted its stake in WesBanco by 2.7% during the 4th quarter. Macquarie Group Ltd. now owns 1,824,176 shares of the financial services provider’s stock valued at $67,458,000 after purchasing an additional 47,398 shares during the period. Geode Capital Management LLC boosted its stake in WesBanco by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,120,259 shares of the financial services provider’s stock valued at $41,427,000 after purchasing an additional 17,472 shares during the period. Finally, Bank of America Corp DE boosted its stake in WesBanco by 4.3% during the 4th quarter. Bank of America Corp DE now owns 1,053,442 shares of the financial services provider’s stock valued at $38,956,000 after purchasing an additional 43,547 shares during the period. Institutional investors own 57.96% of the company’s stock.

Insider Activity

In related news, Director Gregory S. Proctor, Jr. purchased 3,500 shares of WesBanco stock in a transaction dated Thursday, June 8th. The shares were acquired at an average cost of $28.08 per share, for a total transaction of $98,280.00. Following the transaction, the director now directly owns 41,913 shares of the company’s stock, valued at $1,176,917.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.07% of the company’s stock.

WesBanco Price Performance

WSBC stock traded up $0.06 during midday trading on Friday, reaching $27.36. 1,820 shares of the company’s stock traded hands, compared to its average volume of 235,764. The company has a 50-day simple moving average of $26.75 and a two-hundred day simple moving average of $29.42. WesBanco, Inc. has a 1-year low of $19.84 and a 1-year high of $41.37. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 8.89 and a beta of 0.91. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.72.

WesBanco (NASDAQ:WSBC – Get Free Report) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. The company had revenue of $153.41 million during the quarter, compared to analysts’ expectations of $151.14 million. WesBanco had a return on equity of 8.49% and a net margin of 26.04%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. On average, analysts anticipate that WesBanco, Inc. will post 2.61 earnings per share for the current year.

WesBanco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, July 1st. Stockholders of record on Friday, June 9th were paid a $0.35 dividend. The ex-dividend date was Thursday, June 8th. This represents a $1.40 annualized dividend and a dividend yield of 5.12%. WesBanco’s dividend payout ratio (DPR) is currently 45.60%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. DA Davidson decreased their target price on WesBanco from $38.00 to $31.00 in a research note on Wednesday, April 26th. Royal Bank of Canada dropped their target price on WesBanco from $36.00 to $32.00 in a report on Wednesday, April 26th. StockNews.com started coverage on WesBanco in a report on Thursday, May 18th. They issued a “sell” rating for the company. Finally, Piper Sandler increased their target price on WesBanco from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.17.

View Our Latest Research Report on WesBanco

About WesBanco

(Free Report)

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. The company operates in two segments, Community Banking, and Trust and Investment Services. It offers commercial demand, individual demand, and time deposit accounts; commercial, mortgage and individual installment loans; retail loans, such as residential real estate mortgage loans, home equity lines of credit, and loans for other consumer purposes; installment loans to finance the purchase of automobiles, trucks, motorcycles, boats, and other recreational vehicles, as well as home equity installment loans, unsecured home improvement loans, and revolving lines of credit; and various non-traditional offerings, such as insurance and securities brokerage services.