Trexquant Investment LP Acquires Shares of 23,272 WesBanco, Inc. (NASDAQ:WSBC)

Trexquant Investment LP bought a new position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,272 shares of the financial services provider's stock, valued at approximately $757,000.

Other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of WesBanco during the 3rd quarter valued at about $56,000. Principal Securities Inc. grew its holdings 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 purchasing an additional 603 shares during the last quarter. Roble Belko & Company Inc acquired a new position in WesBanco during the fourth quarter valued at approximately $78,000. Allworth Financial LP raised its position in shares of WesBanco by 668.5% in the fourth quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 2,146 shares during the period. Finally, Hilltop National Bank lifted its stake in shares of WesBanco by 19.6% in the fourth quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider's stock worth $82,000 after buying an additional 413 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors.

WesBanco Stock Performance

Shares of NASDAQ:WSBC traded up $0.64 during trading on Tuesday, hitting $27.75. 561,628 shares of the stock were exchanged, compared to its average volume of 397,676. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 12.39 and a beta of 0.76. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. WesBanco, Inc. has a 1-year low of $25.56 and a 1-year high of $37.36. The company's fifty day simple moving average is $32.41 and its 200-day simple moving average is $32.82.

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WesBanco (NASDAQ:WSBC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. Sell-side analysts expect that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders 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 yield of 5.33%. The ex-dividend date of this dividend was Monday, March 10th. WesBanco's dividend payout ratio is 66.07%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stephens reiterated an "equal weight" rating and issued a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. DA Davidson boosted their price objective on WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Raymond James lowered their target price on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Piper Sandler started coverage on WesBanco in a report on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price target for the company. Finally, StockNews.com upgraded shares of WesBanco from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.43.

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.