Janney Capital Management LLC Buys New Position in WesBanco Inc (WSBC)

Janney Capital Management LLC acquired a new stake in shares of WesBanco Inc (NASDAQ:WSBC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 21,895 shares of the financial services provider’s stock, valued at approximately $898,000.

Several other hedge funds and other institutional investors also recently modified their holdings of WSBC. Teachers Advisors LLC raised its stake in shares of WesBanco by 2.6% during the first quarter. Teachers Advisors LLC now owns 70,979 shares of the financial services provider’s stock valued at $2,705,000 after purchasing an additional 1,797 shares in the last quarter. Sei Investments Co. raised its stake in shares of WesBanco by 4,236.6% during the second quarter. Sei Investments Co. now owns 4,380 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 4,279 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of WesBanco by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 187,975 shares of the financial services provider’s stock valued at $7,433,000 after purchasing an additional 7,113 shares in the last quarter. Rhumbline Advisers raised its stake in shares of WesBanco by 3.4% during the second quarter. Rhumbline Advisers now owns 52,169 shares of the financial services provider’s stock valued at $2,063,000 after purchasing an additional 1,710 shares in the last quarter. Finally, Alps Advisors Inc. raised its stake in shares of WesBanco by 0.3% during the second quarter. Alps Advisors Inc. now owns 12,419 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 59.11% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. B. Riley set a $40.00 price objective on shares of WesBanco and gave the company a “hold” rating in a research note on Tuesday, November 14th. Sandler O’Neill cut shares of WesBanco from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Zacks Investment Research cut shares of WesBanco from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $41.00 target price on shares of WesBanco in a report on Tuesday, October 3rd. Finally, DA Davidson set a $47.00 target price on WesBanco and gave the stock a “buy” rating in a report on Friday, October 20th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.00.

WesBanco Inc (WSBC) opened at $40.16 on Tuesday. The stock has a market capitalization of $1,770.00, a PE ratio of 16.98, a P/E/G ratio of 1.68 and a beta of 1.00. WesBanco Inc has a fifty-two week low of $34.81 and a fifty-two week high of $44.19. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.85.

WesBanco (NASDAQ:WSBC) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The firm had revenue of $95.15 million for the quarter, compared to analyst estimates of $98.37 million. WesBanco had a return on equity of 7.66% and a net margin of 24.73%. During the same period in the previous year, the firm earned $0.60 earnings per share. analysts anticipate that WesBanco Inc will post 2.41 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.26 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.04 dividend on an annualized basis and a yield of 2.59%. WesBanco’s dividend payout ratio is currently 44.64%.

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WesBanco Company Profile

WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.

Institutional Ownership by Quarter for WesBanco (NASDAQ:WSBC)

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