Landscape Capital Management L.L.C. Acquires New Shares in WesBanco, Inc. (NASDAQ:WSBC)

Landscape Capital Management L.L.C. purchased a new position in WesBanco, Inc. (NASDAQ:WSBC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,372 shares of the financial services provider's stock, valued at approximately $428,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in WesBanco by 215.3% in the 2nd quarter. Quarry LP now owns 1,337 shares of the financial services provider's stock worth $37,000 after purchasing an additional 913 shares during the period. Signaturefd LLC increased its stake in WesBanco by 214.5% in the second quarter. Signaturefd LLC now owns 1,384 shares of the financial services provider's stock worth $39,000 after purchasing an additional 944 shares during the period. Innealta Capital LLC purchased a new position in shares of WesBanco during the second quarter valued at $53,000. CWM LLC increased its stake in shares of WesBanco by 175.2% during the third quarter. CWM LLC now owns 2,072 shares of the financial services provider's stock valued at $62,000 after buying an additional 1,319 shares during the period. Finally, nVerses Capital LLC bought a new stake in WesBanco during the third quarter valued at about $80,000. Institutional investors own 61.41% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WSBC shares. Royal Bank of Canada restated a "sector perform" rating and issued a $35.00 price objective on shares of WesBanco in a research note on Monday, September 9th. Keefe, Bruyette & Woods lifted their price target on WesBanco from $30.00 to $34.00 and gave the company a "market perform" rating in a research report on Thursday, August 1st. Hovde Group lifted their price target on WesBanco from $34.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Stephens boosted their price objective on WesBanco from $33.00 to $34.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Finally, DA Davidson boosted their price objective on WesBanco from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.17.

Insider Activity at WesBanco

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $34.87, for a total transaction of $39,228.75. Following the completion of the sale, the executive vice president now directly owns 46,817 shares of the company's stock, valued at approximately $1,632,508.79. This trade represents a 2.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.44% of the company's stock.

WesBanco Trading Up 0.9 %

NASDAQ:WSBC traded up $0.31 on Monday, reaching $36.76. The company's stock had a trading volume of 268,680 shares, compared to its average volume of 249,796. WesBanco, Inc. has a 12-month low of $25.56 and a 12-month 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. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 17.82 and a beta of 0.81. The stock has a 50 day moving average price of $31.75 and a 200 day moving average price of $30.21.

WesBanco (NASDAQ:WSBC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $152.40 million. During the same quarter in the previous year, the business earned $0.59 EPS. On average, equities analysts anticipate that WesBanco, Inc. will post 2.14 EPS for the current fiscal year.

WesBanco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a dividend of $0.37 per share. This is a boost from WesBanco's previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, December 6th. WesBanco's dividend payout ratio is currently 70.81%.

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.