Hilltop National Bank Has $82,000 Position in WesBanco, Inc. (NASDAQ:WSBC)

Hilltop National Bank boosted its stake in shares of WesBanco, Inc. (NASDAQ:WSBC) by 19.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,518 shares of the financial services provider’s stock after purchasing an additional 413 shares during the quarter. Hilltop National Bank’s holdings in WesBanco were worth $82,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP raised its stake in WesBanco by 215.3% during the second quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 913 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in WesBanco during the third quarter worth $56,000. CWM LLC raised its stake in WesBanco by 175.2% during the third quarter. CWM LLC now owns 2,072 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 1,319 shares in the last quarter. nVerses Capital LLC acquired a new position in WesBanco during the third quarter worth $80,000. Finally, Point72 DIFC Ltd acquired a new position in WesBanco during the third quarter worth $147,000. 61.41% of the stock is currently owned by institutional investors and hedge funds.

WesBanco Stock Performance

Shares of NASDAQ:WSBC opened at $30.36 on Friday. The business has a fifty day moving average of $34.29 and a 200-day moving average of $31.74. The firm has a market cap of $2.03 billion, a PE ratio of 14.53 and a beta of 0.85. WesBanco, Inc. has a twelve month low of $25.56 and a twelve month high of $37.36. 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 posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The business had revenue of $243.34 million for the quarter, compared to analysts’ expectations of $152.40 million. WesBanco had a return on equity of 5.75% and a net margin of 14.79%. During the same quarter last year, the business earned $0.59 earnings per share. On average, equities research analysts predict that WesBanco, Inc. will post 2.14 EPS for the current fiscal year.

WesBanco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a $0.37 dividend. This is a boost from WesBanco’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, December 6th. This represents a $1.48 annualized dividend and a yield of 4.87%. WesBanco’s dividend payout ratio (DPR) is currently 70.81%.

Insider Activity at WesBanco

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $34.87, for a total transaction of $39,228.75. Following the transaction, the executive vice president now owns 46,817 shares in the company, valued at approximately $1,632,508.79. This trade represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WSBC shares. Raymond James upgraded WesBanco from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $35.00 to $44.00 in a research note on Friday, December 6th. Stephens raised their target price on WesBanco from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, WesBanco presently has an average rating of “Moderate Buy” and a consensus target price of $37.83.

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.