MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 1,250 Shares of WesBanco, Inc. (NASDAQ:WSBC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,753 shares of the financial services provider’s stock after buying an additional 1,250 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in WesBanco were worth $1,066,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of WesBanco by 151.1% during the 3rd quarter. Barclays PLC now owns 181,325 shares of the financial services provider’s stock worth $5,399,000 after acquiring an additional 109,104 shares during the last quarter. Empowered Funds LLC boosted its position in WesBanco by 5.1% during the fourth quarter. Empowered Funds LLC now owns 195,398 shares of the financial services provider’s stock worth $6,358,000 after purchasing an additional 9,466 shares during the period. Savant Capital LLC bought a new position in WesBanco during the fourth quarter worth $207,000. Kentucky Trust Co acquired a new position in shares of WesBanco in the fourth quarter valued at $126,000. Finally, Naples Global Advisors LLC bought a new position in shares of WesBanco in the fourth quarter valued at about $208,000. Institutional investors own 61.41% of the company’s stock.

WesBanco Trading Down 0.4%

Shares of WSBC stock opened at $30.40 on Monday. The stock has a market cap of $2.04 billion, a P/E ratio of 13.57 and a beta of 0.81. WesBanco, Inc. has a 1 year low of $25.56 and a 1 year high of $37.36. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $30.06 and a 200 day simple moving average of $32.73.

WesBanco (NASDAQ:WSBC) last released its earnings results on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. The firm had revenue of $253.23 million during the quarter, compared to the consensus estimate of $206.63 million. During the same period in the prior year, the company posted $0.56 EPS. On average, research 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, July 1st. Stockholders of record on Friday, June 6th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Friday, June 6th. WesBanco’s payout ratio is presently 96.73%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Raymond James reduced their target price on shares of WesBanco from $44.00 to $38.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price objective on WesBanco from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, May 5th. Royal Bank of Canada decreased their target price on WesBanco from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 1st. Wall Street Zen raised WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Piper Sandler started coverage on WesBanco in a report on Thursday, April 3rd. They issued an “overweight” rating and a $37.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.71.

WesBanco 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.