SG Americas Securities LLC Has $669,000 Stock Holdings in WesBanco, Inc. (NASDAQ:WSBC)

SG Americas Securities LLC boosted its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC) by 259.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,448 shares of the financial services provider’s stock after buying an additional 16,198 shares during the period. SG Americas Securities LLC’s holdings in WesBanco were worth $669,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of 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 purchasing an additional 913 shares during the period. Creative Planning grew its position in WesBanco by 18.4% during the second quarter. Creative Planning now owns 31,797 shares of the financial services provider’s stock valued at $887,000 after purchasing an additional 4,945 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in WesBanco by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,003 shares of the financial services provider’s stock valued at $865,000 after buying an additional 1,410 shares during the period. Millennium Management LLC boosted its stake in shares of WesBanco by 466.7% during the 2nd quarter. Millennium Management LLC now owns 152,858 shares of the financial services provider’s stock valued at $4,266,000 after buying an additional 125,883 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of WesBanco by 8.2% during the 2nd quarter. AQR Capital Management LLC now owns 75,616 shares of the financial services provider’s stock valued at $2,110,000 after acquiring an additional 5,747 shares in the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Hovde Group lifted their price objective on WesBanco from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Stephens lifted their price objective on shares of WesBanco from $27.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th. DA Davidson raised their target price on WesBanco from $35.00 to $42.00 and gave the company a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $35.00 price objective on shares of WesBanco in a report on Monday, September 9th. Finally, Keefe, Bruyette & Woods upped their target price on WesBanco from $30.00 to $34.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.71.

Insider Transactions at WesBanco

In related news, EVP Michael L. Perkins sold 5,363 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $30.19, for a total value of $161,908.97. Following the completion of the transaction, the executive vice president now directly owns 46,817 shares in the company, valued at approximately $1,413,405.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.44% of the stock is owned by insiders.

WesBanco Trading Up 2.8 %

Shares of WesBanco stock opened at $30.13 on Monday. WesBanco, Inc. has a 1 year low of $23.00 and a 1 year high of $34.85. The company’s fifty day simple moving average is $30.43 and its 200-day simple moving average is $29.17. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 14.15 and a beta of 0.82. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.73.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $234.35 million during the quarter, compared to analyst estimates of $148.40 million. WesBanco had a return on equity of 5.90% and a net margin of 15.22%. During the same quarter in the prior year, the business earned $0.71 earnings per share. As a group, sell-side analysts expect that WesBanco, Inc. will post 2.06 EPS for the current year.

WesBanco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.44 annualized dividend and a yield of 4.78%. WesBanco’s dividend payout ratio (DPR) is 67.61%.

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.