WesBanco, Inc. (NASDAQ:WSBC) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in WesBanco, Inc. (NASDAQ:WSBC) by 1,011.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,340 shares of the financial services provider’s stock after acquiring an additional 8,500 shares during the period. Nisa Investment Advisors LLC’s holdings in WesBanco were worth $282,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP raised its position in WesBanco by 215.3% during the second quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 913 shares during the last quarter. Signaturefd LLC increased its stake in shares of WesBanco by 214.5% during the 2nd quarter. Signaturefd LLC now owns 1,384 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 944 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of WesBanco during the 2nd quarter worth approximately $53,000. CWM LLC lifted its stake in WesBanco by 175.2% in the 3rd quarter. CWM LLC now owns 2,072 shares of the financial services provider’s stock valued at $62,000 after buying an additional 1,319 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in WesBanco during the 3rd quarter valued at $80,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

WesBanco Stock Up 13.8 %

Shares of WSBC opened at $36.01 on Thursday. WesBanco, Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $36.13. The company’s fifty day moving average is $30.60 and its two-hundred day moving average is $29.50. The firm has a market cap of $2.41 billion, a PE ratio of 17.23 and a beta of 0.81. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $243.34 million during the quarter, compared to the consensus estimate of $152.40 million. WesBanco had a return on equity of 5.75% and a net margin of 14.79%. During the same quarter in the previous year, the business earned $0.59 earnings per share. Analysts forecast that WesBanco, Inc. will post 2.12 earnings per share for the current year.

WesBanco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors 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 4.00%. WesBanco’s payout ratio is 68.90%.

Analyst Ratings Changes

A number of research firms have recently weighed in on WSBC. Stephens boosted their price target on WesBanco from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Hovde Group boosted their target price on shares of WesBanco from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. DA Davidson raised their price target on shares of WesBanco from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods boosted their price objective on shares of WesBanco from $30.00 to $34.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $35.00 target price on shares of WesBanco in a research report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.17.

WesBanco 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.