Barclays PLC Buys 190,022 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Barclays PLC grew its stake in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 104.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 371,347 shares of the financial services provider's stock after purchasing an additional 190,022 shares during the period. Barclays PLC owned approximately 0.56% of WesBanco worth $12,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sterling Capital Management LLC grew its holdings in shares of WesBanco by 807.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,814 shares of the financial services provider's stock worth $59,000 after purchasing an additional 1,614 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of WesBanco by 40.9% during the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock worth $68,000 after purchasing an additional 603 shares during the last quarter. Roble Belko & Company Inc bought a new position in shares of WesBanco in the fourth quarter valued at about $78,000. Allworth Financial LP grew its holdings in WesBanco by 668.5% during 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 position in WesBanco by 19.6% in the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 413 shares in the last quarter. Institutional investors own 61.41% of the company's stock.

WesBanco Stock Down 1.0 %

NASDAQ:WSBC traded down $0.30 during trading hours on Friday, reaching $29.55. 385,548 shares of the stock were exchanged, compared to its average volume of 417,156. 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 50 day moving average of $31.05 and a 200 day moving average of $32.75. The stock has a market cap of $1.98 billion, a PE ratio of 13.19 and a beta of 0.76. WesBanco, Inc. has a twelve month low of $25.56 and a twelve month high of $37.36.

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

WesBanco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.01%. WesBanco's payout ratio is 66.07%.

Wall Street Analyst Weigh In

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

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.