WesBanco, Inc. $WSBC Stock Position Boosted by LPL Financial LLC

LPL Financial LLC boosted its stake in WesBanco, Inc. (NASDAQ:WSBC) by 44.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,023 shares of the financial services provider’s stock after buying an additional 19,836 shares during the period. LPL Financial LLC owned 0.10% of WesBanco worth $1,982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Comerica Bank boosted its position in shares of WesBanco by 6.0% during the 4th quarter. Comerica Bank now owns 6,482 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 368 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of WesBanco by 9.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,397 shares of the financial services provider’s stock worth $272,000 after buying an additional 730 shares during the period. Amalgamated Bank boosted its holdings in shares of WesBanco by 46.0% in the first quarter. Amalgamated Bank now owns 2,959 shares of the financial services provider’s stock worth $92,000 after buying an additional 932 shares during the period. IFP Advisors Inc boosted its holdings in shares of WesBanco by 4.3% in the first quarter. IFP Advisors Inc now owns 23,853 shares of the financial services provider’s stock worth $738,000 after buying an additional 980 shares during the period. Finally, Man Group plc boosted its holdings in shares of WesBanco by 3.8% in the fourth quarter. Man Group plc now owns 29,165 shares of the financial services provider’s stock worth $949,000 after buying an additional 1,072 shares during the period. Institutional investors own 61.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on WSBC shares. Royal Bank Of Canada decreased their target price on shares of WesBanco from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their target price on shares of WesBanco from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.83.

WesBanco Stock Up 0.2%

WSBC opened at $31.18 on Thursday. WesBanco, Inc. has a fifty-two week low of $26.42 and a fifty-two week high of $37.36. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.94 and a quick ratio of 0.93. The firm’s fifty day moving average price is $31.50 and its two-hundred day moving average price is $31.59. The company has a market capitalization of $2.99 billion, a P/E ratio of 18.78 and a beta of 0.87.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $260.73 million for the quarter, compared to the consensus estimate of $261.14 million. WesBanco had a net margin of 11.65% and a return on equity of 7.29%. During the same quarter in the previous year, the company earned $0.49 earnings per share. On average, analysts anticipate that WesBanco, Inc. will post 3.24 EPS for the current year.

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.