Segall Bryant & Hamill LLC Grows Stock Holdings in WesBanco, Inc. $WSBC

Segall Bryant & Hamill LLC grew its stake in WesBanco, Inc. (NASDAQ:WSBC) by 12.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,002,974 shares of the financial services provider’s stock after acquiring an additional 111,394 shares during the period. Segall Bryant & Hamill LLC’s holdings in WesBanco were worth $31,724,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Federated Hermes Inc. bought a new stake in shares of WesBanco during the first quarter valued at approximately $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in WesBanco during the 2nd quarter worth $26,000. Smartleaf Asset Management LLC increased its holdings in WesBanco by 132.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 895 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 510 shares during the period. Caitong International Asset Management Co. Ltd raised its position in WesBanco by 573.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,878 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,599 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in WesBanco by 1,553.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,017 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,895 shares in the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Todd Clossin bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was bought at an average price of $25.00 per share, with a total value of $200,000.00. Following the completion of the transaction, the director directly owned 8,000 shares of the company’s stock, valued at approximately $200,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph R. Robinson bought 8,000 shares of the stock in a transaction on Wednesday, September 17th. The stock was purchased at an average price of $25.00 per share, with a total value of $200,000.00. Following the completion of the purchase, the director owned 8,000 shares of the company’s stock, valued at $200,000. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 52,921 shares of company stock worth $1,339,995 over the last 90 days. 2.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WSBC shares. DA Davidson downgraded WesBanco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of WesBanco in a research note on Tuesday. Royal Bank Of Canada increased their target price on shares of WesBanco from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, October 10th. Finally, Wall Street Zen downgraded shares of WesBanco from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, WesBanco has a consensus rating of “Moderate Buy” and an average price target of $39.17.

WesBanco Trading Up 2.8%

WSBC opened at $31.41 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.57. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 16.03 and a beta of 0.89. WesBanco, Inc. has a 12 month low of $26.42 and a 12 month high of $37.36. The stock has a fifty day moving average price of $31.50 and a 200-day moving average price of $31.53.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. WesBanco had a return on equity of 8.55% and a net margin of 13.91%.The company had revenue of $261.58 million for the quarter, compared to the consensus estimate of $263.38 million. During the same quarter last year, the company earned $0.54 earnings per share. As a group, equities research analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 5th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, December 5th. This is an increase from WesBanco’s previous quarterly dividend of $0.37. WesBanco’s payout ratio is presently 75.51%.

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.