Gierl Augustine Investment Management Inc Increases Position in WesBanco Inc. (WSBC)
Gierl Augustine Investment Management Inc increased its position in WesBanco Inc. (NASDAQ:WSBC) by 4.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 93,321 shares of the financial services provider’s stock after buying an additional 3,927 shares during the period. WesBanco comprises 2.8% of Gierl Augustine Investment Management Inc’s portfolio, making the stock its 14th largest position. Gierl Augustine Investment Management Inc owned 0.24% of WesBanco worth $3,068,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in WesBanco by 142.1% in the third quarter. BNP Paribas Arbitrage SA now owns 3,372 shares of the financial services provider’s stock valued at $111,000 after buying an additional 1,979 shares in the last quarter. Victory Capital Management Inc. raised its position in WesBanco by 77.5% in the second quarter. Victory Capital Management Inc. now owns 4,071 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,778 shares in the last quarter. Teacher Retirement System of Texas raised its position in WesBanco by 26.8% in the second quarter. Teacher Retirement System of Texas now owns 5,385 shares of the financial services provider’s stock valued at $167,000 after buying an additional 1,137 shares in the last quarter. Strs Ohio raised its position in WesBanco by 1,325.0% in the second quarter. Strs Ohio now owns 5,700 shares of the financial services provider’s stock valued at $176,000 after buying an additional 5,300 shares in the last quarter. Finally, Walleye Trading LLC acquired a new position in WesBanco during the second quarter valued at $191,000. 55.07% of the stock is owned by institutional investors and hedge funds.
Shares of WesBanco Inc. (NASDAQ:WSBC) traded up 0.15% during mid-day trading on Tuesday, hitting $39.65. The stock had a trading volume of 66,806 shares. The firm’s 50 day moving average price is $35.07 and its 200 day moving average price is $32.62. The company has a market cap of $1.74 billion, a P/E ratio of 17.99 and a beta of 0.78. WesBanco Inc. has a 1-year low of $26.93 and a 1-year high of $40.24.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.13. WesBanco had a net margin of 24.20% and a return on equity of 7.72%. During the same period last year, the company earned $0.58 earnings per share. Analysts predict that WesBanco Inc. will post $2.20 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 2nd. Investors of record on Friday, December 9th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.96 dividend on an annualized basis and a yield of 2.42%. WesBanco’s payout ratio is 43.24%.
Several research analysts have weighed in on WSBC shares. Zacks Investment Research upgraded WesBanco from a “sell” rating to a “hold” rating in a report on Saturday, September 17th. FBR & Co lifted their target price on WesBanco from $32.00 to $33.00 and gave the stock a “mkt perform” rating in a report on Thursday, October 27th. Finally, Macquarie lowered WesBanco from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a report on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.33.
In other WesBanco news, Director Charlotte A. Zuschlag sold 20,000 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $38.00, for a total transaction of $760,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Henry L. Schulhoff sold 3,000 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $31.85, for a total value of $95,550.00. Following the sale, the insider now owns 74,376 shares of the company’s stock, valued at $2,368,875.60. The disclosure for this sale can be found here. 4.22% of the stock is owned by corporate insiders.
WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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