Great West Life Assurance Co. Can continued to hold its position in shares of WesBanco Inc (NASDAQ:WSBC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,968 shares of the financial services provider’s stock at the close of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in WesBanco were worth $156,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in WSBC. Bank of Montreal Can grew its holdings in shares of WesBanco by 7.8% during the first quarter. Bank of Montreal Can now owns 16,664 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 1,206 shares during the last quarter. Waldron LP grew its holdings in shares of WesBanco by 9.0% during the first quarter. Waldron LP now owns 14,838 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 1,220 shares during the last quarter. Strs Ohio grew its holdings in shares of WesBanco by 3.1% during the first quarter. Strs Ohio now owns 27,000 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 800 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of WesBanco by 4.2% during the first quarter. Wells Fargo & Company MN now owns 200,230 shares of the financial services provider’s stock worth $7,631,000 after purchasing an additional 8,086 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of WesBanco by 6.6% during the first quarter. Bank of New York Mellon Corp now owns 273,243 shares of the financial services provider’s stock worth $10,413,000 after purchasing an additional 17,004 shares during the last quarter. Institutional investors own 58.12% of the company’s stock.

Shares of WesBanco Inc (NASDAQ:WSBC) opened at 37.57 on Friday. WesBanco Inc has a 12-month low of $31.63 and a 12-month high of $44.19. The stock’s 50 day moving average price is $37.29 and its 200 day moving average price is $38.45. The company has a market capitalization of $1.65 billion, a PE ratio of 17.16 and a beta of 0.95.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). WesBanco had a net margin of 27.94% and a return on equity of 7.72%. The firm had revenue of $94.26 million for the quarter, compared to the consensus estimate of $96.70 million. During the same quarter last year, the company posted $0.58 earnings per share. On average, equities research analysts forecast that WesBanco Inc will post $2.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.04 annualized dividend and a yield of 2.77%. WesBanco’s payout ratio is 47.71%.

In related news, EVP Brent E. Richmond sold 1,440 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $36.83, for a total transaction of $53,035.20. Following the transaction, the executive vice president now directly owns 22,701 shares in the company, valued at approximately $836,077.83. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.05% of the stock is owned by company insiders.

Several analysts have recently weighed in on WSBC shares. Zacks Investment Research upgraded WesBanco from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, June 21st. ValuEngine upgraded WesBanco from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. DA Davidson upgraded WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Friday, June 2nd. FBR & Co reduced their price target on WesBanco from $44.00 to $40.00 and set a “mkt perform” rating on the stock in a report on Friday, July 21st. Finally, BidaskClub upgraded WesBanco from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. 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 company currently has a consensus rating of “Hold” and a consensus price target of $41.60.

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WesBanco 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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Institutional Ownership by Quarter for WesBanco (NASDAQ:WSBC)

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