Barclays PLC Has $5.40 Million Position in WesBanco, Inc. (NASDAQ:WSBC)

Barclays PLC grew its stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 151.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,325 shares of the financial services provider's stock after purchasing an additional 109,104 shares during the quarter. Barclays PLC owned approximately 0.27% of WesBanco worth $5,399,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP lifted its position in WesBanco by 215.3% in the 2nd quarter. Quarry LP now owns 1,337 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 913 shares during the last quarter. Signaturefd LLC raised its holdings in shares of WesBanco by 214.5% during the second 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 during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of WesBanco during the third quarter worth approximately $56,000. Innealta Capital LLC acquired a new stake in WesBanco in the 2nd quarter valued at approximately $53,000. Finally, CWM LLC increased its position in WesBanco by 175.2% in the 3rd quarter. CWM LLC now owns 2,072 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 1,319 shares during the period. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Stock Up 1.4 %

WSBC stock traded up $0.47 during midday trading on Friday, reaching $33.31. The company had a trading volume of 2,033,832 shares, compared to its average volume of 271,275. The company has a 50 day moving average of $33.82 and a two-hundred day moving average of $31.11. The company has a market capitalization of $2.23 billion, a P/E ratio of 15.94 and a beta of 0.84. WesBanco, Inc. has a 1 year low of $25.56 and a 1 year high of $37.36. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55.

WesBanco (NASDAQ:WSBC - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. WesBanco had a return on equity of 5.75% and a net margin of 14.79%. The firm had revenue of $243.34 million during the quarter, compared to analysts' expectations of $152.40 million. During the same quarter last year, the firm earned $0.59 earnings per share. On average, equities research analysts expect that WesBanco, Inc. will post 2.14 earnings per share for the current fiscal year.

WesBanco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.44%. The ex-dividend date is Friday, December 6th. This is a positive change from WesBanco's previous quarterly dividend of $0.36. WesBanco's dividend payout ratio (DPR) is presently 70.81%.

Insider Buying and Selling at WesBanco

In related news, EVP Michael L. Perkins sold 1,125 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $34.87, for a total value of $39,228.75. Following the completion of the sale, the executive vice president now directly owns 46,817 shares in the company, valued at approximately $1,632,508.79. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WSBC. Raymond James raised WesBanco from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from $35.00 to $44.00 in a research note on Friday, December 6th. Stephens raised their target price on shares of WesBanco from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $35.00 price target on shares of WesBanco in a research report on Monday, September 9th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.83.

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.