Capital Fund Management S.A. Acquires New Shares in WesBanco, Inc. $WSBC

Capital Fund Management S.A. acquired a new position in shares of WesBanco, Inc. (NASDAQ:WSBC) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 32,016 shares of the financial services provider’s stock, valued at approximately $1,013,000.

Several other large investors have also recently bought and sold shares of WSBC. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of WesBanco by 1.4% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 29,697 shares of the financial services provider’s stock valued at $939,000 after purchasing an additional 400 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of WesBanco by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 30,888 shares of the financial services provider’s stock valued at $977,000 after buying an additional 495 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in WesBanco by 34.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,932 shares of the financial services provider’s stock valued at $61,000 after buying an additional 500 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in WesBanco by 132.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 895 shares of the financial services provider’s stock worth $28,000 after buying an additional 510 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in WesBanco by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,502 shares of the financial services provider’s stock worth $459,000 after acquiring an additional 561 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors.

Insider Activity at WesBanco

In related news, Director Joseph R. Robinson acquired 8,000 shares of the stock in a transaction dated Wednesday, September 17th. The stock was bought at an average price of $25.00 per share, for a total transaction of $200,000.00. Following the purchase, the director directly owned 8,000 shares of the company’s stock, valued at $200,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director F Eric Nelson, Jr. sold 752 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.37, for a total transaction of $25,094.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 52,921 shares of company stock worth $1,339,995. Corporate insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on WSBC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of WesBanco in a research note on Monday. Royal Bank Of Canada increased their price objective on WesBanco from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, October 10th. Wall Street Zen lowered WesBanco from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, DA Davidson lowered WesBanco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.17.

WesBanco Stock Performance

Shares of WSBC opened at $32.68 on Friday. The firm’s fifty day simple moving average is $31.64 and its two-hundred day simple moving average is $31.61. WesBanco, Inc. has a 12 month low of $26.42 and a 12 month high of $37.18. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.14 billion, a P/E ratio of 16.67 and a beta of 0.81.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. WesBanco had a return on equity of 8.28% and a net margin of 13.91%.The company had revenue of $261.58 million for the quarter, compared to the consensus estimate of $263.38 million. During the same period in the previous year, the business earned $0.54 EPS. As a group, analysts predict that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 5th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, December 5th. This is a positive change from WesBanco’s previous quarterly dividend of $0.37. WesBanco’s dividend payout ratio (DPR) is currently 75.51%.

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.