Dynamic Technology Lab Private Ltd Increases Holdings in WesBanco, Inc. (NASDAQ:WSBC)

Dynamic Technology Lab Private Ltd raised its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 245.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,556 shares of the financial services provider's stock after buying an additional 17,441 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in WesBanco were worth $799,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of WesBanco in the 4th quarter valued at approximately $328,000. Geode Capital Management LLC lifted its position in WesBanco by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,419,070 shares of the financial services provider's stock worth $42,268,000 after buying an additional 32,879 shares during the last quarter. Franklin Resources Inc. purchased a new position in WesBanco during the third quarter worth $1,148,000. Inspire Advisors LLC increased its position in WesBanco by 18.7% during the fourth quarter. Inspire Advisors LLC now owns 63,184 shares of the financial services provider's stock valued at $2,056,000 after acquiring an additional 9,955 shares during the last quarter. Finally, Johnson Investment Counsel Inc. purchased a new stake in shares of WesBanco in the fourth quarter valued at $323,000. Institutional investors own 61.41% of the company's stock.

WesBanco Stock Down 1.5 %

Shares of WesBanco stock traded down $0.39 during trading on Friday, hitting $26.77. 137,884 shares of the stock traded hands, compared to its average volume of 392,827. WesBanco, Inc. has a 52-week low of $25.56 and a 52-week high of $37.36. The stock's fifty day simple moving average is $32.74 and its 200 day simple moving average is $32.83. The firm has a market cap of $1.79 billion, a P/E ratio of 11.87 and a beta of 0.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55.

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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 for the quarter, topping 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%. On average, equities analysts predict that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 5.53%. The ex-dividend date was Monday, March 10th. WesBanco's payout ratio is 66.07%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. DA Davidson upped their price target on shares of WesBanco from $44.00 to $45.00 and gave the company a "buy" rating in a report on Monday, January 27th. Raymond James cut their target price on WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 2nd. Piper Sandler assumed coverage on WesBanco in a research note on Thursday, April 3rd. They set an "overweight" rating and a $37.00 price target for the company. Keefe, Bruyette & Woods upgraded WesBanco from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $40.00 to $44.00 in a research note on Monday, February 10th. Finally, Stephens reiterated an "equal weight" rating and set a $39.00 target price on shares of WesBanco in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, WesBanco presently has a consensus 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.