PNC Financial Services Group Inc. lowered its stake in shares of WesBanco, Inc. (NASDAQ:WSBC) by 11.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,793 shares of the financial services provider’s stock after selling 1,377 shares during the period. PNC Financial Services Group Inc.’s holdings in WesBanco were worth $412,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in WesBanco by 0.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,933 shares of the financial services provider’s stock worth $557,000 after buying an additional 51 shares in the last quarter. IFP Advisors Inc raised its stake in WesBanco by 0.5% in the first quarter. IFP Advisors Inc now owns 16,894 shares of the financial services provider’s stock worth $644,000 after buying an additional 92 shares in the last quarter. Schneider Downs Wealth Management Advisors LP raised its stake in WesBanco by 0.6% in the first quarter. Schneider Downs Wealth Management Advisors LP now owns 21,816 shares of the financial services provider’s stock worth $831,000 after buying an additional 120 shares in the last quarter. AMG Funds LLC raised its stake in WesBanco by 1.1% in the first quarter. AMG Funds LLC now owns 21,172 shares of the financial services provider’s stock worth $807,000 after buying an additional 222 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in WesBanco by 2.3% in the first quarter. Blair William & Co. IL now owns 10,960 shares of the financial services provider’s stock worth $421,000 after buying an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 56.63% of the company’s stock.

WesBanco, Inc. (NASDAQ WSBC) traded down 0.76% on Monday, reaching $37.68. 48,747 shares of the company traded hands. WesBanco, Inc. has a 1-year low of $30.46 and a 1-year high of $44.19. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 17.21 and a beta of 0.94. The stock’s 50-day moving average is $39.26 and its 200-day moving average is $39.36.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.01. The firm had revenue of $94.26 million for the quarter, compared to analysts’ expectations of $96.70 million. WesBanco had a net margin of 23.44% and a return on equity of 7.55%. During the same period last year, the firm earned $0.58 earnings per share. Equities research analysts expect that WesBanco, Inc. will post $2.45 EPS for the current year.

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Several equities research analysts have commented on WSBC shares. Zacks Investment Research upgraded shares of WesBanco from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, June 21st. ValuEngine upgraded shares of WesBanco from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. DA Davidson upgraded shares of WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Friday, June 2nd. Keefe, Bruyette & Woods set a $42.00 target price on shares of WesBanco and gave the company a “hold” rating in a research report on Monday, April 10th. Finally, FBR & Co reduced their target price on shares of WesBanco from $44.00 to $40.00 and set a “mkt perform” rating for the company in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $41.60.

WesBanco Company Profile

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, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.

Institutional Ownership by Quarter for WesBanco (NASDAQ:WSBC)

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