Bridgeway Capital Management LLC Grows Position in WesBanco, Inc. (NASDAQ:WSBC)

Bridgeway Capital Management LLC boosted its stake in shares of WesBanco, Inc. (NASDAQ:WSBC) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 329,398 shares of the financial services provider’s stock after acquiring an additional 9,466 shares during the period. Bridgeway Capital Management LLC’s holdings in WesBanco were worth $10,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of WSBC. Sterling Capital Management LLC grew its position in shares of WesBanco by 807.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 1,614 shares in the last quarter. Principal Securities Inc. boosted its stake in WesBanco by 40.9% during the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock valued at $68,000 after buying an additional 603 shares during the last quarter. Roble Belko & Company Inc purchased a new position in WesBanco during the 4th quarter valued at approximately $78,000. Allworth Financial LP increased its stake in WesBanco by 668.5% in the 4th quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 2,146 shares during the last quarter. Finally, Hilltop National Bank increased its stake in WesBanco by 19.6% in the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 413 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank of Canada lowered their target price on WesBanco from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Thursday, May 1st. Keefe, Bruyette & Woods lowered their price objective on shares of WesBanco from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday. DA Davidson boosted their target price on shares of WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and issued a $39.00 price target on shares of WesBanco in a report on Thursday, January 23rd. Finally, StockNews.com upgraded WesBanco from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.71.

WesBanco Stock Performance

WesBanco stock opened at $30.14 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $2.02 billion, a P/E ratio of 13.46 and a beta of 0.81. WesBanco, Inc. has a 1-year low of $25.56 and a 1-year high of $37.36. The company’s 50-day moving average is $30.29 and its 200 day moving average is $32.74.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.06. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. The firm had revenue of $253.23 million for the quarter, compared to the consensus estimate of $206.63 million. During the same period in the prior year, the business posted $0.56 earnings per share. Research analysts forecast that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend was Monday, March 10th. WesBanco’s dividend payout ratio is currently 96.73%.

WesBanco Profile

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.