SG Americas Securities LLC Acquires 18,131 Shares of WesBanco, Inc. $WSBC

SG Americas Securities LLC lifted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC) by 84.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,608 shares of the financial services provider’s stock after purchasing an additional 18,131 shares during the quarter. SG Americas Securities LLC’s holdings in WesBanco were worth $1,317,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in shares of WesBanco by 41.1% during the fourth quarter. GAMMA Investing LLC now owns 1,113 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 324 shares during the period. True Wealth Design LLC increased its holdings in shares of WesBanco by 77.9% during the third quarter. True Wealth Design LLC now owns 877 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 384 shares during the period. IFP Advisors Inc increased its holdings in shares of WesBanco by 1.6% during the third quarter. IFP Advisors Inc now owns 24,864 shares of the financial services provider’s stock worth $794,000 after purchasing an additional 385 shares during the period. Arizona State Retirement System increased its holdings in shares of WesBanco by 1.4% during the third quarter. Arizona State Retirement System now owns 28,306 shares of the financial services provider’s stock worth $904,000 after purchasing an additional 403 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in WesBanco by 34.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,932 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 500 shares during the last quarter. 61.41% of the stock is owned by institutional investors.

WesBanco Stock Performance

Shares of WesBanco stock opened at $35.10 on Wednesday. WesBanco, Inc. has a fifty-two week low of $26.42 and a fifty-two week high of $38.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $3.37 billion, a P/E ratio of 16.96 and a beta of 0.74. The company’s 50 day moving average price is $35.07 and its two-hundred day moving average price is $33.57.

WesBanco (NASDAQ:WSBC) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. WesBanco had a net margin of 15.51% and a return on equity of 8.81%. The firm had revenue of $265.78 million for the quarter, compared to analyst estimates of $265.53 million. During the same quarter last year, the business posted $0.71 earnings per share. On average, equities analysts forecast that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th were given a $0.38 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.52 dividend on an annualized basis and a yield of 4.3%. WesBanco’s dividend payout ratio (DPR) is currently 73.43%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WSBC. Weiss Ratings raised shares of WesBanco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 12th. Piper Sandler began coverage on shares of WesBanco in a research note on Wednesday, December 17th. They issued an “overweight” rating and a $42.00 price objective on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $41.00 price objective on shares of WesBanco in a research note on Thursday, March 12th. Finally, DA Davidson began coverage on shares of WesBanco in a research note on Wednesday, February 25th. They issued a “buy” rating and a $44.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $40.60.

WesBanco 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.