12,407 Shares in WesBanco, Inc. (NASDAQ:WSBC) Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. bought a new stake in shares of WesBanco, Inc. (NASDAQ:WSBC – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,407 shares of the financial services provider’s stock, valued at approximately $381,000.

A number of other institutional investors have also recently made changes to their positions in WSBC. Independence Bank of Kentucky purchased a new stake in WesBanco in the 1st quarter worth approximately $29,000. Ancora Advisors LLC bought a new stake in shares of WesBanco during the 1st quarter valued at $43,000. Resurgent Financial Advisors LLC purchased a new position in shares of WesBanco during the 4th quarter valued at $50,000. EMC Capital Management purchased a new stake in WesBanco in the 4th quarter worth $78,000. Finally, Global Wealth Management Investment Advisory Inc. bought a new stake in WesBanco during the first quarter valued at about $94,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Activity 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 acquired at an average cost of $28.08 per share, with a total value of $98,280.00. Following the completion of the transaction, the director now owns 41,913 shares in the company, valued at approximately $1,176,917.04. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Jeffrey H. Jackson acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were purchased at an average price of $22.34 per share, for a total transaction of $111,700.00. Following the completion of the acquisition, the chief operating officer now directly owns 17,627 shares in the company, valued at approximately $393,787.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gregory S. Proctor, Jr. acquired 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was bought at an average cost of $28.08 per share, with a total value of $98,280.00. Following the completion of the transaction, the director now directly owns 41,913 shares in the company, valued at $1,176,917.04. The disclosure for this purchase can be found here. Insiders have purchased a total of 9,500 shares of company stock valued at $234,380 over the last quarter. 3.07% of the stock is owned by corporate insiders.

WesBanco Stock Down 0.2 %

NASDAQ:WSBC opened at $27.33 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.88 and a quick ratio of 0.88. WesBanco, Inc. has a 1-year low of $19.84 and a 1-year high of $41.37. The company has a 50-day moving average of $26.55 and a 200 day moving average of $29.55. The firm has a market cap of $1.62 billion, a PE ratio of 8.90 and a beta of 0.91.

WesBanco (NASDAQ:WSBC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.03. The company had revenue of $153.41 million for the quarter, compared to analyst estimates of $151.14 million. WesBanco had a net margin of 26.04% and a return on equity of 8.52%. WesBanco’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. As a group, research analysts anticipate that WesBanco, Inc. will post 2.61 EPS for the current fiscal year.

WesBanco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, July 1st. Investors of record on Friday, June 9th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date was Thursday, June 8th. WesBanco’s payout ratio is currently 45.60%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WSBC shares. Royal Bank of Canada lowered their target price on shares of WesBanco from $36.00 to $32.00 in a report on Wednesday, April 26th. StockNews.com assumed coverage on WesBanco in a report on Thursday, May 18th. They issued a “sell” rating on the stock. Piper Sandler boosted their target price on WesBanco from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, July 31st. Finally, DA Davidson cut their price target on WesBanco from $38.00 to $31.00 in a report on Wednesday, April 26th. One investment 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 company currently has a consensus rating of “Hold” and a consensus price target of $32.17.

WesBanco Profile

(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.

Further Reading

Want to see what other hedge funds are holding WSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WesBanco, Inc. (NASDAQ:WSBC – Free Report).

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