AlphaQuest LLC Has $189,000 Position in WesBanco, Inc. (NASDAQ:WSBC)

AlphaQuest LLC lowered its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 65.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,802 shares of the financial services provider's stock after selling 11,105 shares during the period. AlphaQuest LLC's holdings in WesBanco were worth $189,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in WesBanco during the 4th quarter valued at about $328,000. Geode Capital Management LLC boosted its stake in WesBanco by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,419,070 shares of the financial services provider's stock valued at $42,268,000 after purchasing an additional 32,879 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of WesBanco during the 3rd quarter valued at $1,148,000. FMR LLC raised its stake in shares of WesBanco by 25.8% in the 3rd quarter. FMR LLC now owns 695,487 shares of the financial services provider's stock worth $20,712,000 after buying an additional 142,597 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of WesBanco in the third quarter valued at $212,000. 61.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods raised WesBanco from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $40.00 to $44.00 in a research note on Monday, February 10th. Stephens reaffirmed an "equal weight" rating and set a $39.00 target price on shares of WesBanco in a research report on Thursday, January 23rd. DA Davidson increased their price target on WesBanco from $44.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Raymond James upgraded WesBanco from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the stock from $35.00 to $44.00 in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, WesBanco has an average rating of "Moderate Buy" and an average target price of $40.83.

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WesBanco Stock Down 0.8 %

Shares of WSBC traded down $0.27 during trading hours on Thursday, reaching $31.78. The company's stock had a trading volume of 298,902 shares, compared to its average volume of 344,552. The company has a 50 day moving average of $33.82 and a two-hundred day moving average of $32.96. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 14.19 and a beta of 0.84. WesBanco, Inc. has a 1-year low of $25.56 and a 1-year high of $37.36.

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

WesBanco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $0.37 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.48 dividend on an annualized basis and a yield of 4.66%. WesBanco's payout ratio is currently 66.07%.

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.