WesBanco, Inc. (NASDAQ:WSBC) Shares Purchased by Barclays PLC

Barclays PLC raised its position in shares of WesBanco, Inc. (NASDAQ:WSBC – Free Report) by 33.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,443 shares of the financial services provider’s stock after buying an additional 20,078 shares during the quarter. Barclays PLC owned about 0.14% of WesBanco worth $2,470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new stake in shares of WesBanco during the 1st quarter worth approximately $29,000. Ancora Advisors LLC acquired a new stake in shares of WesBanco during the 1st quarter worth approximately $43,000. Resurgent Financial Advisors LLC acquired a new stake in shares of WesBanco during the 4th quarter worth approximately $50,000. EMC Capital Management acquired a new stake in shares of WesBanco during the 4th quarter worth approximately $78,000. Finally, Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of WesBanco during the 1st quarter worth approximately $94,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on WesBanco

WesBanco Stock Performance

Shares of NASDAQ WSBC opened at $26.26 on Wednesday. The stock has a fifty day moving average price of $26.83 and a two-hundred day moving average price of $29.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $1.56 billion, a P/E ratio of 8.55 and a beta of 0.91. WesBanco, Inc. has a 1 year low of $19.84 and a 1 year high of $41.37.

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

WesBanco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, July 1st. Shareholders of record on Friday, June 9th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Thursday, June 8th. WesBanco’s payout ratio is currently 45.60%.

Insider Buying and Selling at WesBanco

In other news, Director Gregory S. Proctor, Jr. purchased 3,500 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was purchased at an average cost of $28.08 per share, with a total value of $98,280.00. Following the purchase, the director now owns 41,913 shares in the company, valued at approximately $1,176,917.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.07% of the stock is currently owned by corporate insiders.

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.

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