Weyco Group, Inc. (NASDAQ:WEYS) Shares Acquired by AMG National Trust Bank

AMG National Trust Bank increased its stake in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 36,859 shares of the textile maker’s stock after purchasing an additional 463 shares during the period. AMG National Trust Bank’s holdings in Weyco Group were worth $1,362,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WEYS. Janney Montgomery Scott LLC raised its holdings in shares of Weyco Group by 3.3% during the third quarter. Janney Montgomery Scott LLC now owns 23,432 shares of the textile maker’s stock valued at $798,000 after acquiring an additional 757 shares during the last quarter. First Business Financial Services Inc. increased its position in shares of Weyco Group by 8.3% during the third quarter. First Business Financial Services Inc. now owns 13,096 shares of the textile maker’s stock worth $446,000 after purchasing an additional 1,000 shares in the last quarter. Empowered Funds LLC raised its stake in Weyco Group by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 36,042 shares of the textile maker’s stock valued at $1,227,000 after purchasing an additional 1,742 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Weyco Group by 34.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock valued at $68,000 after purchasing an additional 511 shares in the last quarter. Finally, State Street Corp boosted its stake in Weyco Group by 0.4% during the 3rd quarter. State Street Corp now owns 90,832 shares of the textile maker’s stock worth $3,092,000 after purchasing an additional 375 shares during the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Weyco Group Price Performance

WEYS opened at $31.63 on Friday. The firm has a market capitalization of $302.35 million, a price-to-earnings ratio of 10.47 and a beta of 0.69. The company’s 50 day simple moving average is $35.64 and its two-hundred day simple moving average is $35.03. Weyco Group, Inc. has a 1-year low of $27.05 and a 1-year high of $41.05.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings data on Tuesday, March 4th. The textile maker reported $1.04 EPS for the quarter. The firm had revenue of $80.47 million for the quarter. Weyco Group had a return on equity of 11.52% and a net margin of 9.94%.

Weyco Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, March 14th. Weyco Group’s dividend payout ratio is currently 34.44%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Weyco Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Weyco Group Profile

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.