XTX Topco Ltd Takes $443,000 Position in WesBanco, Inc. (NASDAQ:WSBC)

XTX Topco Ltd bought a new position in shares of WesBanco, Inc. (NASDAQ:WSBC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,626 shares of the financial services provider's stock, valued at approximately $443,000.

Several other hedge funds and other institutional investors have also modified their holdings of WSBC. Vanguard Group Inc. lifted its position in WesBanco by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 6,710,539 shares of the financial services provider's stock worth $218,361,000 after acquiring an additional 705,483 shares during the last quarter. Barclays PLC lifted its holdings in WesBanco by 104.8% during the 4th quarter. Barclays PLC now owns 371,347 shares of the financial services provider's stock worth $12,084,000 after purchasing an additional 190,022 shares during the last quarter. MCF Advisors LLC boosted its stake in WesBanco by 17,801.0% in the 4th quarter. MCF Advisors LLC now owns 170,955 shares of the financial services provider's stock valued at $5,626,000 after purchasing an additional 170,000 shares during the period. Raymond James Financial Inc. acquired a new position in WesBanco in the 4th quarter valued at $5,345,000. Finally, Segall Bryant & Hamill LLC increased its position in WesBanco by 25.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 780,444 shares of the financial services provider's stock worth $25,396,000 after buying an additional 156,903 shares during the period. Institutional investors own 61.41% of the company's stock.

Analyst Upgrades and Downgrades

WSBC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised shares of WesBanco from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $40.00 to $44.00 in a research report on Monday, February 10th. StockNews.com raised shares of WesBanco from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. 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. Piper Sandler began coverage on WesBanco in a research note on Thursday, April 3rd. They issued an "overweight" rating and a $37.00 price target for the company. Finally, Stephens restated an "equal weight" rating and set a $39.00 price objective on shares of WesBanco in a research note on Thursday, January 23rd. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, WesBanco presently has an average rating of "Moderate Buy" and an average price target of $39.43.

WesBanco Price Performance

Shares of WSBC stock opened at $27.96 on Tuesday. WesBanco, Inc. has a twelve month low of $25.56 and a twelve 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 business has a fifty day simple moving average of $31.61 and a 200 day simple moving average of $32.79. The company has a market cap of $1.87 billion, a P/E ratio of 12.48 and a beta of 0.76.

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 for the quarter, beating 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%. On average, sell-side analysts forecast that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date was Monday, March 10th. WesBanco's payout ratio is 66.07%.

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.

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