Dimensional Fund Advisors LP Sells 41,265 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Dimensional Fund Advisors LP trimmed its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,062,518 shares of the financial services provider's stock after selling 41,265 shares during the quarter. Dimensional Fund Advisors LP owned about 6.08% of WesBanco worth $132,195,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. 1492 Capital Management LLC grew its position in WesBanco by 415.4% during the 4th quarter. 1492 Capital Management LLC now owns 44,905 shares of the financial services provider's stock valued at $1,461,000 after purchasing an additional 36,192 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in WesBanco by 9.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,397 shares of the financial services provider's stock valued at $272,000 after purchasing an additional 730 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in WesBanco during the 4th quarter valued at about $1,181,000. Marshall Wace LLP purchased a new stake in WesBanco during the 4th quarter valued at about $866,000. Finally, Walleye Capital LLC grew its position in WesBanco by 41.0% during the 4th quarter. Walleye Capital LLC now owns 14,000 shares of the financial services provider's stock valued at $456,000 after purchasing an additional 4,071 shares during the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.

WesBanco Trading Up 0.8 %

NASDAQ WSBC traded up $0.24 during trading hours on Monday, hitting $29.79. 562,437 shares of the company were exchanged, compared to its average volume of 418,967. The stock has a 50-day moving average price of $30.91 and a 200 day moving average price of $32.79. 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, Inc. has a 52 week low of $25.56 and a 52 week high of $37.36. The stock has a market cap of $1.99 billion, a PE ratio of 13.30 and a beta of 0.76.

WesBanco Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.48 annualized dividend and a yield of 4.97%. WesBanco's payout ratio is currently 66.07%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WSBC. Stephens reaffirmed an "equal weight" rating and set a $39.00 price target on shares of WesBanco in a report on Thursday, January 23rd. StockNews.com raised shares of WesBanco from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. Keefe, Bruyette & Woods raised shares of WesBanco from a "market perform" rating to an "outperform" rating and raised their price target for the company from $40.00 to $44.00 in a report on Monday, February 10th. Raymond James dropped their price objective on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Finally, DA Davidson increased their price target on shares of WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $39.43.

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.