WesBanco, Inc. $WSBC Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in WesBanco, Inc. (NASDAQ:WSBC) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,565,277 shares of the financial services provider’s stock after selling 139,273 shares during the quarter. Dimensional Fund Advisors LP owned about 5.80% of WesBanco worth $177,699,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of WesBanco by 255.1% during the third quarter. Smartleaf Asset Management LLC now owns 799 shares of the financial services provider’s stock worth $26,000 after buying an additional 574 shares during the period. First Horizon Corp acquired a new stake in WesBanco during the 3rd quarter worth about $27,000. True Wealth Design LLC grew its stake in WesBanco by 77.9% during the 3rd quarter. True Wealth Design LLC now owns 877 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 384 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of WesBanco by 71.9% in the second quarter. Federated Hermes Inc. now owns 1,435 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 600 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of WesBanco by 260.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,836 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 1,327 shares during the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

WesBanco Stock Down 2.8%

Shares of WSBC stock opened at $33.68 on Monday. The stock has a 50 day moving average of $35.29 and a 200 day moving average of $33.32. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.24 billion, a P/E ratio of 16.27 and a beta of 0.79. WesBanco, Inc. has a twelve month low of $26.42 and a twelve month high of $38.10.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $265.78 million for the quarter, compared to analyst estimates of $265.53 million. WesBanco had a return on equity of 8.81% and a net margin of 15.51%.During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, sell-side analysts expect that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be given a $0.38 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.5%. WesBanco’s dividend payout ratio is 73.43%.

Analysts Set New Price Targets

A number of brokerages recently commented on WSBC. Piper Sandler assumed coverage on WesBanco in a research report on Wednesday, December 17th. They issued an “overweight” rating and a $42.00 target price on the stock. DA Davidson assumed coverage on shares of WesBanco in a research note on Wednesday, February 25th. They set a “buy” rating and a $44.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of WesBanco in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, WesBanco currently has a consensus rating of “Buy” and a consensus target price of $40.00.

WesBanco Company Profile

WesBanco, Inc is a bank holding company headquartered in Wheeling, West Virginia, offering a full range of community banking services through its principal subsidiary, WesBanco Bank, Inc The company serves individual consumers, small‐ to mid‐sized businesses, nonprofit organizations and governmental entities with a relationship‐driven approach and an emphasis on local decision‐making. Through its diversified platform, WesBanco provides core banking functions such as deposit accounts, commercial and consumer lending, mortgage banking, treasury management and electronic banking services.

In addition to traditional banking products, WesBanco offers specialized services including trust and wealth management, investment advisory and insurance solutions.