ExodusPoint Capital Management LP Raises Stock Position in WesBanco, Inc. (NASDAQ:WSBC)

ExodusPoint Capital Management LP boosted its stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 33.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,497 shares of the financial services provider's stock after acquiring an additional 9,340 shares during the quarter. ExodusPoint Capital Management LP owned about 0.06% of WesBanco worth $1,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position in shares of WesBanco by 21.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,380 shares of the financial services provider's stock valued at $637,000 after purchasing an additional 3,844 shares during the last quarter. Walleye Capital LLC purchased a new position in WesBanco during the third quarter worth $296,000. Captrust Financial Advisors increased its position in WesBanco by 28.6% during the third quarter. Captrust Financial Advisors now owns 10,355 shares of the financial services provider's stock valued at $308,000 after acquiring an additional 2,302 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of WesBanco in the third quarter valued at $56,000. Finally, Stifel Financial Corp lifted its holdings in shares of WesBanco by 41.4% in the 3rd quarter. Stifel Financial Corp now owns 41,658 shares of the financial services provider's stock worth $1,241,000 after acquiring an additional 12,190 shares during the last quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

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

WesBanco Trading Up 2.3 %

NASDAQ:WSBC traded up $0.62 during midday trading on Tuesday, hitting $27.73. The stock had a trading volume of 63,379 shares, compared to its average volume of 395,730. The stock has a 50-day moving average of $32.41 and a 200 day moving average of $32.82. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 12.38 and a beta of 0.76. WesBanco, Inc. has a one year low of $25.56 and a one year high of $37.36. 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 (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 (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%. As a group, sell-side analysts forecast that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend was Monday, March 10th. WesBanco's dividend payout ratio (DPR) is 66.07%.

About WesBanco

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.