Prudential Financial Inc. decreased its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,125 shares of the financial services provider’s stock after selling 3,690 shares during the quarter. Prudential Financial Inc. owned approximately 0.47% of WesBanco worth $8,578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in WesBanco by 1.2% during the second quarter. Vanguard Group Inc. now owns 3,502,925 shares of the financial services provider’s stock worth $138,505,000 after acquiring an additional 41,522 shares during the period. Dimensional Fund Advisors LP raised its stake in WesBanco by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,429,514 shares of the financial services provider’s stock worth $135,604,000 after acquiring an additional 107,161 shares during the period. BlackRock Inc. raised its stake in WesBanco by 1.8% during the second quarter. BlackRock Inc. now owns 2,700,401 shares of the financial services provider’s stock worth $106,773,000 after acquiring an additional 46,799 shares during the period. Earnest Partners LLC raised its stake in WesBanco by 0.8% during the second quarter. Earnest Partners LLC now owns 1,509,418 shares of the financial services provider’s stock worth $59,682,000 after acquiring an additional 11,643 shares during the period. Finally, Northern Trust Corp raised its stake in WesBanco by 3.1% during the second quarter. Northern Trust Corp now owns 913,626 shares of the financial services provider’s stock worth $36,124,000 after acquiring an additional 27,552 shares during the period. Hedge funds and other institutional investors own 58.32% of the company’s stock.

WesBanco, Inc. (NASDAQ:WSBC) opened at $40.01 on Friday. WesBanco, Inc. has a 1 year low of $34.81 and a 1 year high of $44.19. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.85. The company has a market cap of $1,768.38, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.03). WesBanco had a return on equity of 7.66% and a net margin of 24.73%. The firm had revenue of $95.15 million during the quarter, compared to the consensus estimate of $98.37 million. During the same quarter last year, the company posted $0.60 EPS. sell-side analysts forecast that WesBanco, Inc. will post 2.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, December 7th. WesBanco’s dividend payout ratio (DPR) is 44.44%.

WSBC has been the topic of several research reports. DA Davidson set a $47.00 price objective on shares of WesBanco and gave the stock a “buy” rating in a research note on Friday, October 20th. They noted that the move was a valuation call. FBR & Co set a $40.00 target price on shares of WesBanco and gave the stock a “hold” rating in a research report on Friday, October 20th. Boenning Scattergood restated a “hold” rating on shares of WesBanco in a research report on Friday, October 20th. Sandler O’Neill cut shares of WesBanco from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Zacks Investment Research cut shares of WesBanco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $42.00.

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About WesBanco

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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