UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in WesBanco, Inc. (NASDAQ:WSBC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 11.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,872 shares of the financial services provider's stock after selling 14,990 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of WesBanco worth $3,540,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WSBC. Inspire Investing LLC raised its stake in WesBanco by 4.6% during the 2nd quarter. Inspire Investing LLC now owns 12,630 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 560 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of WesBanco by 3.9% during the second quarter. Raymond James Trust N.A. now owns 17,380 shares of the financial services provider's stock valued at $485,000 after buying an additional 647 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of WesBanco by 3.9% in the third quarter. Harbor Capital Advisors Inc. now owns 17,590 shares of the financial services provider's stock valued at $524,000 after buying an additional 668 shares during the period. Cerity Partners LLC grew its position in WesBanco by 3.0% during the third quarter. Cerity Partners LLC now owns 30,049 shares of the financial services provider's stock worth $895,000 after buying an additional 867 shares in the last quarter. Finally, Quarry LP raised its holdings in WesBanco by 215.3% in the 2nd quarter. Quarry LP now owns 1,337 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 913 shares in the last quarter. 61.41% of the stock is owned by institutional investors.

WesBanco Stock Down 0.2 %

Shares of WSBC stock traded down $0.06 during trading on Friday, reaching $35.18. The company's stock had a trading volume of 295,597 shares, compared to its average volume of 258,707. 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 business has a fifty day moving average price of $33.33 and a 200-day moving average price of $30.87. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 16.86 and a beta of 0.84. WesBanco, Inc. has a one year low of $25.56 and a one year high of $37.36.

WesBanco (NASDAQ:WSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The firm had revenue of $243.34 million for the quarter, compared to analyst estimates of $152.40 million. WesBanco had a return on equity of 5.75% and a net margin of 14.79%. During the same period in the prior year, the firm posted $0.59 EPS. Analysts anticipate that WesBanco, Inc. will post 2.14 earnings per share for the current year.

WesBanco Increases Dividend

The company 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. The ex-dividend date is Friday, December 6th. 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 4.21%. WesBanco's dividend payout ratio is 70.81%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $35.00 target price on shares of WesBanco in a research note on Monday, September 9th. Finally, Raymond James raised WesBanco from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $35.00 to $44.00 in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, WesBanco presently has an average rating of "Moderate Buy" and an average target price of $37.83.

Insider Activity

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $34.87, for a total value 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 represents a 2.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.44% of the stock is owned by company insiders.

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.