WesBanco, Inc. (NASDAQ:WSBC) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in shares of WesBanco, Inc. (NASDAQ:WSBC) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,376 shares of the financial services provider’s stock after selling 1,479 shares during the period. Voya Investment Management LLC’s holdings in WesBanco were worth $565,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in WesBanco during the fourth quarter worth about $328,000. Franklin Resources Inc. acquired a new stake in WesBanco during the 3rd quarter worth approximately $1,148,000. Inspire Advisors LLC raised its holdings in WesBanco by 18.7% in the fourth quarter. Inspire Advisors LLC now owns 63,184 shares of the financial services provider’s stock valued at $2,056,000 after buying an additional 9,955 shares during the period. Johnson Investment Counsel Inc. acquired a new stake in shares of WesBanco in the fourth quarter worth $323,000. Finally, Magnolia Private Wealth LLC acquired a new position in shares of WesBanco during the 4th quarter valued at $269,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Piper Sandler assumed coverage on WesBanco in a research report on Thursday, April 3rd. They issued an “overweight” rating and a $37.00 price objective on the stock. Keefe, Bruyette & Woods dropped their target price on WesBanco from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. Stephens restated an “equal weight” rating and issued a $39.00 price target on shares of WesBanco in a report on Thursday, January 23rd. Raymond James dropped their price objective on shares of WesBanco from $44.00 to $38.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada lowered their price target on shares of WesBanco from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.71.

WesBanco Trading Down 0.9 %

WSBC opened at $30.79 on Friday. WesBanco, Inc. has a 12-month low of $25.56 and a 12-month high of $37.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $2.06 billion, a PE ratio of 13.75 and a beta of 0.81. The firm’s fifty day moving average price is $30.06 and its 200 day moving average price is $32.72.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.60 by $0.06. The business had revenue of $253.23 million for the quarter, compared to analysts’ expectations of $206.63 million. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. During the same quarter last year, the company posted $0.56 earnings per share. As a group, research analysts expect that WesBanco, Inc. will post 3.24 EPS for the current fiscal year.

WesBanco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Monday, March 10th. WesBanco’s dividend payout ratio is currently 96.73%.

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.