American Century Companies Inc. Has $2.78 Million Stock Holdings in WesBanco, Inc. (NASDAQ:WSBC)

American Century Companies Inc. lifted its position in shares of WesBanco, Inc. (NASDAQ:WSBC) by 12.3% during the 2nd quarter, Holdings Channel reports. The firm owned 99,418 shares of the financial services provider’s stock after purchasing an additional 10,927 shares during the quarter. American Century Companies Inc.’s holdings in WesBanco were worth $2,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of WesBanco by 105.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 33,820 shares of the financial services provider’s stock worth $1,038,000 after purchasing an additional 17,345 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of WesBanco during the 1st quarter worth about $3,555,000. Bank of New York Mellon Corp increased its stake in shares of WesBanco by 4.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 490,335 shares of the financial services provider’s stock worth $13,685,000 after purchasing an additional 21,297 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of WesBanco during the 1st quarter worth about $212,000. Finally, Sei Investments Co. increased its stake in shares of WesBanco by 1.7% during the 1st quarter. Sei Investments Co. now owns 209,011 shares of the financial services provider’s stock worth $6,231,000 after purchasing an additional 3,425 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WesBanco

In other WesBanco news, EVP Michael L. Perkins sold 5,363 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $30.19, for a total value of $161,908.97. Following the completion of the sale, the executive vice president now owns 46,817 shares of the company’s stock, valued at approximately $1,413,405.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.44% of the company’s stock.

WesBanco Stock Performance

NASDAQ WSBC opened at $29.38 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.96 billion, a P/E ratio of 12.24 and a beta of 0.83. WesBanco, Inc. has a 12-month low of $23.00 and a 12-month high of $34.85. The firm has a 50-day moving average price of $31.06 and a two-hundred day moving average price of $29.11.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $234.35 million during the quarter, compared to the consensus estimate of $148.40 million. WesBanco had a net margin of 15.22% and a return on equity of 5.90%. During the same period in the prior year, the firm earned $0.71 EPS. Analysts anticipate that WesBanco, Inc. will post 2.07 earnings per share for the current year.

WesBanco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Friday, September 6th. WesBanco’s dividend payout ratio is currently 60.00%.

Analyst Upgrades and Downgrades

WSBC has been the topic of several recent analyst reports. DA Davidson boosted their price objective 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. Hovde Group upped their price target 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $35.00 price target on shares of WesBanco in a research note on Monday, September 9th. Keefe, Bruyette & Woods upped their price target on shares of WesBanco from $30.00 to $34.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Finally, Stephens upped their price target 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.71.

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.