WesBanco, Inc. (NASDAQ:WSBC) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) by 25.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 780,444 shares of the financial services provider's stock after purchasing an additional 156,903 shares during the quarter. Segall Bryant & Hamill LLC owned 1.17% of WesBanco worth $25,396,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WSBC. Point72 Asset Management L.P. bought a new stake in shares of WesBanco during the 3rd quarter valued at $56,000. Principal Securities Inc. grew its holdings in shares of WesBanco by 40.9% in the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 603 shares in the last quarter. Roble Belko & Company Inc bought a new stake in shares of WesBanco in the 4th quarter worth about $78,000. Allworth Financial LP increased its stake in WesBanco by 668.5% during the fourth quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider's stock worth $78,000 after acquiring an additional 2,146 shares during the last quarter. Finally, Hilltop National Bank increased its position in shares of WesBanco by 19.6% during the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider's stock valued at $82,000 after purchasing an additional 413 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors.

WesBanco Stock Down 3.0 %

Shares of WSBC traded down $0.97 during trading hours on Friday, hitting $30.86. The company had a trading volume of 515,387 shares, compared to its average volume of 373,162. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $2.07 billion, a PE ratio of 13.78 and a beta of 0.84. WesBanco, Inc. has a one year low of $25.56 and a one year high of $37.36. The company's fifty day moving average price is $33.88 and its two-hundred day moving average price is $32.98.

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WesBanco (NASDAQ:WSBC - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, topping analysts' consensus estimates 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 analysts forecast that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.48 annualized dividend and a yield of 4.80%. WesBanco's dividend payout ratio (DPR) is 66.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WSBC shares. Raymond James upgraded shares of WesBanco from an "outperform" rating to a "strong-buy" rating and raised their target price for the stock from $35.00 to $44.00 in a report on Friday, December 6th. StockNews.com raised WesBanco from a "sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Stephens reissued an "equal weight" rating and set a $39.00 price target on shares of WesBanco in a research report on Thursday, January 23rd. DA Davidson raised their price target on WesBanco from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods raised shares of WesBanco from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $40.00 to $44.00 in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $40.83.

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.