Landscape Capital Management L.L.C. Purchases Shares of 14,372 WesBanco, Inc. (NASDAQ:WSBC)

Landscape Capital Management L.L.C. acquired a new position in shares of WesBanco, Inc. (NASDAQ:WSBC) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 14,372 shares of the financial services provider’s stock, valued at approximately $428,000.

Other large investors have also made changes to their positions in the company. Inspire Investing LLC boosted its stake in WesBanco by 4.6% during the second quarter. Inspire Investing LLC now owns 12,630 shares of the financial services provider’s stock worth $353,000 after buying an additional 560 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of WesBanco by 3.9% in the 2nd quarter. Raymond James Trust N.A. now owns 17,380 shares of the financial services provider’s stock valued at $485,000 after purchasing an additional 647 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of WesBanco by 3.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,590 shares of the financial services provider’s stock worth $524,000 after buying an additional 668 shares in the last quarter. Quarry LP lifted its position in shares of WesBanco by 215.3% during the 2nd quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock worth $37,000 after buying an additional 913 shares during the period. Finally, Signaturefd LLC boosted its stake in WesBanco by 214.5% in the 2nd quarter. Signaturefd LLC now owns 1,384 shares of the financial services provider’s stock valued at $39,000 after buying an additional 944 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

Insider Transactions at WesBanco

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $34.87, for a total transaction of $39,228.75. Following the transaction, the executive vice president now owns 46,817 shares in the company, valued at approximately $1,632,508.79. This trade represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WSBC shares. Stephens upped their target price on shares of WesBanco from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Hovde Group increased their price target on WesBanco from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $35.00 price objective on shares of WesBanco in a research note on Monday, September 9th. DA Davidson raised their target price on WesBanco from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods upped their price target on shares of WesBanco from $30.00 to $34.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, WesBanco currently has an average rating of “Moderate Buy” and an average target price of $36.17.

WesBanco Trading Up 1.1 %

Shares of WSBC opened at $36.45 on Monday. The stock’s fifty day simple moving average is $31.75 and its 200-day simple moving average is $30.21. The firm has a market capitalization of $2.44 billion, a PE ratio of 17.44 and a beta of 0.81. WesBanco, Inc. has a 12-month low of $25.56 and a 12-month high of $36.87. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

WesBanco (NASDAQ:WSBC) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. WesBanco had a net margin of 14.79% and a return on equity of 5.75%. The company had revenue of $243.34 million for the quarter, compared to analyst estimates of $152.40 million. During the same quarter last year, the firm earned $0.59 EPS. As a group, research analysts predict that WesBanco, Inc. will post 2.14 earnings per share for the current year.

WesBanco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.06%. This is an increase from WesBanco’s previous quarterly dividend of $0.36. WesBanco’s dividend payout ratio is 68.90%.

WesBanco Company 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.