Teacher Retirement System of Texas Has $445,000 Stock Position in WesBanco, Inc. (NASDAQ:WSBC)

Teacher Retirement System of Texas lessened its stake in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 46.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,677 shares of the financial services provider's stock after selling 12,072 shares during the quarter. Teacher Retirement System of Texas' holdings in WesBanco were worth $445,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WSBC. Point72 Asset Management L.P. acquired a new stake in shares of WesBanco in the third quarter valued at $56,000. Principal Securities Inc. lifted its holdings in WesBanco by 40.9% in the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 603 shares during the last quarter. Roble Belko & Company Inc bought a new position in shares of WesBanco during the 4th quarter valued at about $78,000. Allworth Financial LP grew its stake in shares of WesBanco by 668.5% in the 4th quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock worth $78,000 after purchasing an additional 2,146 shares during the last quarter. Finally, Hilltop National Bank raised its holdings in shares of WesBanco by 19.6% in the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider's stock worth $82,000 after purchasing an additional 413 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Stock Down 2.6 %

WSBC traded down $0.73 during trading on Friday, reaching $27.80. 912,766 shares of the stock traded hands, compared to its average volume of 384,020. WesBanco, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $37.36. The stock's 50-day simple moving average is $33.59 and its two-hundred day simple moving average is $32.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 12.41 and a beta of 0.84.

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WesBanco (NASDAQ:WSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, beating 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%. As a group, equities research analysts expect that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend was Monday, March 10th. WesBanco's dividend payout ratio is presently 66.07%.

Analysts Set New Price Targets

Several research analysts have issued reports on WSBC shares. StockNews.com upgraded shares of WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Stephens restated an "equal weight" rating and issued a $39.00 target price on shares of WesBanco in a report on Thursday, January 23rd. Piper Sandler began coverage on WesBanco in a report on Thursday. They set an "overweight" rating and a $37.00 price objective on the stock. DA Davidson raised their target price on shares of WesBanco from $44.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Raymond James cut their price target on shares of WesBanco from $44.00 to $38.00 and set a "strong-buy" rating on the stock in a report on Wednesday. Three research 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.43.

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.