Universal Beteiligungs und Servicegesellschaft mbH Grows Position in WesBanco, Inc. $WSBC

Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of WesBanco, Inc. (NASDAQ:WSBC) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,712 shares of the financial services provider’s stock after acquiring an additional 3,137 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of WesBanco worth $1,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. bought a new position in shares of WesBanco during the first quarter valued at about $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in WesBanco in the 2nd quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its position in shares of 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 buying an additional 510 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 worth $58,000 after buying an additional 1,599 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of WesBanco by 1,553.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,017 shares of the financial services provider’s stock worth $62,000 after buying an additional 1,895 shares during the last quarter. Institutional investors own 61.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. DA Davidson downgraded WesBanco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Wall Street Zen downgraded WesBanco from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of WesBanco in a research note on Monday. Finally, Royal Bank Of Canada boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.17.

WesBanco Stock Performance

Shares of WSBC opened at $32.53 on Wednesday. WesBanco, Inc. has a 1 year low of $26.42 and a 1 year high of $37.18. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.94 and a quick ratio of 0.93. The stock’s fifty day moving average price is $31.53 and its two-hundred day moving average price is $31.57. The firm has a market cap of $3.12 billion, a PE ratio of 16.60 and a beta of 0.89.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $263.38 million. During the same quarter in the prior year, the company earned $0.54 EPS. On average, equities research analysts forecast that WesBanco, Inc. will post 3.24 EPS for the current year.

WesBanco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 5th will be paid a $0.38 dividend. The ex-dividend date is Friday, December 5th. This is a positive change from WesBanco’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a dividend yield of 4.7%. WesBanco’s dividend payout ratio is 77.55%.

Insider Buying and Selling

In other WesBanco news, Director Gregory S. Proctor, Jr. purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the purchase, the director owned 2,000 shares of the company’s stock, valued at $50,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Zahid Afzal bought 3,321 shares of the stock in a transaction on Thursday, October 30th. The shares were acquired at an average cost of $30.11 per share, for a total transaction of $99,995.31. Following the acquisition, the director directly owned 13,223 shares in the company, valued at approximately $398,144.53. This trade represents a 33.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 52,921 shares of company stock valued at $1,339,995. Corporate insiders own 2.80% of the company’s stock.

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.