Strs Ohio Has $1,067,000 Position in WesBanco, Inc. (WSBC)
Strs Ohio maintained its stake in WesBanco, Inc. (NASDAQ:WSBC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,000 shares of the financial services provider’s stock at the end of the second quarter. Strs Ohio owned 0.06% of WesBanco worth $1,067,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Teachers Advisors LLC raised its stake in WesBanco by 4.7% in the fourth quarter. Teachers Advisors LLC now owns 69,182 shares of the financial services provider’s stock worth $2,979,000 after buying an additional 3,094 shares during the last quarter. Bank of Montreal Can raised its stake in WesBanco by 7.8% in the first quarter. Bank of Montreal Can now owns 16,664 shares of the financial services provider’s stock worth $635,000 after buying an additional 1,206 shares during the last quarter. Alpha Windward LLC bought a new stake in WesBanco during the first quarter worth approximately $444,000. Dalton Greiner Hartman Maher & Co. raised its stake in WesBanco by 3.1% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 279,044 shares of the financial services provider’s stock worth $10,634,000 after buying an additional 8,519 shares during the last quarter. Finally, Waldron LP raised its stake in WesBanco by 9.0% in the first quarter. Waldron LP now owns 14,838 shares of the financial services provider’s stock worth $565,000 after buying an additional 1,220 shares during the last quarter. 56.07% of the stock is currently owned by institutional investors and hedge funds.
WesBanco, Inc. (NASDAQ WSBC) opened at 37.12 on Tuesday. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.96 and a beta of 0.94. The stock has a 50 day moving average price of $38.80 and a 200 day moving average price of $39.07. WesBanco, Inc. has a 1-year low of $30.46 and a 1-year high of $44.19.
WesBanco (NASDAQ:WSBC) last posted its quarterly 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. WesBanco had a net margin of 23.44% and a return on equity of 7.55%. The business had revenue of $94.26 million for the quarter, compared to analyst estimates of $96.70 million. During the same period in the previous year, the firm posted $0.58 earnings per share. Analysts predict that WesBanco, Inc. will post $2.45 EPS for the current year.
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WSBC has been the topic of a number of analyst reports. Zacks Investment Research lowered WesBanco from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. DA Davidson raised WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Friday, June 2nd. ValuEngine raised WesBanco from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. BidaskClub lowered WesBanco from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, FBR & Co reaffirmed a “mkt perform” rating and set a $40.00 price objective (down previously from $44.00) on shares of WesBanco in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price 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.
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