Segall Bryant & Hamill LLC Has $25.40 Million Position in WesBanco, Inc. (NASDAQ:WSBC)

Segall Bryant & Hamill LLC raised its stake in shares of WesBanco, Inc. (NASDAQ:WSBC) by 25.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 780,444 shares of the financial services provider’s stock after buying an additional 156,903 shares during the period. Segall Bryant & Hamill LLC’s holdings in WesBanco were worth $25,396,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new stake in shares of WesBanco during the 3rd quarter valued at $56,000. Principal Securities Inc. lifted its holdings in shares of WesBanco by 40.9% in the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock worth $68,000 after buying an additional 603 shares in the last quarter. Roble Belko & Company Inc purchased a new position in WesBanco during the fourth quarter valued at approximately $78,000. Allworth Financial LP increased its holdings in WesBanco by 668.5% during the 4th quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 2,146 shares during the period. Finally, Hilltop National Bank lifted its stake in WesBanco by 19.6% in the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 413 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. DA Davidson upped their price target on shares of WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, January 27th. StockNews.com raised WesBanco from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Stephens restated an “equal weight” rating and issued a $39.00 price objective on shares of WesBanco in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded WesBanco from a “market perform” rating to an “outperform” rating and increased their target price for the company from $40.00 to $44.00 in a report on Monday, February 10th. Finally, Raymond James raised WesBanco from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $35.00 to $44.00 in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.83.

WesBanco Trading Up 2.5 %

NASDAQ WSBC opened at $32.34 on Tuesday. The stock has a market cap of $2.16 billion, a P/E ratio of 14.44 and a beta of 0.84. WesBanco, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $37.36. The stock has a 50 day simple moving average of $33.88 and a two-hundred day simple moving average of $32.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.17. WesBanco had a return on equity of 6.30% and a net margin of 15.89%. On average, analysts forecast that WesBanco, Inc. will post 3.24 earnings per share for the current year.

WesBanco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Monday, March 10th. WesBanco’s dividend payout ratio is currently 66.07%.

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.