AMG National Trust Bank Trims Position in Weyco Group, Inc. $WEYS

AMG National Trust Bank cut its position in Weyco Group, Inc. (NASDAQ:WEYS) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,179 shares of the textile maker’s stock after selling 580 shares during the period. AMG National Trust Bank owned about 0.38% of Weyco Group worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Voya Investment Management LLC purchased a new stake in shares of Weyco Group in the first quarter worth $201,000. IFG Advisory LLC purchased a new stake in shares of Weyco Group in the second quarter worth $219,000. Nuveen LLC purchased a new stake in shares of Weyco Group in the first quarter worth $277,000. Ritholtz Wealth Management purchased a new stake in shares of Weyco Group in the second quarter worth $398,000. Finally, Strs Ohio purchased a new position in Weyco Group during the first quarter valued at $466,000. 23.59% of the stock is owned by hedge funds and other institutional investors.

Weyco Group Stock Performance

WEYS opened at $28.67 on Friday. The stock has a market capitalization of $273.48 million, a price-to-earnings ratio of 10.66 and a beta of 0.98. The company has a fifty day moving average of $29.78 and a 200 day moving average of $30.68. Weyco Group, Inc. has a fifty-two week low of $25.51 and a fifty-two week high of $41.05.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.24 EPS for the quarter. Weyco Group had a net margin of 9.20% and a return on equity of 10.34%. The business had revenue of $58.22 million during the quarter.

Weyco Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, August 18th were given a dividend of $0.27 per share. The ex-dividend date was Monday, August 18th. This represents a $1.08 annualized dividend and a yield of 3.8%. Weyco Group’s dividend payout ratio (DPR) is 40.15%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weyco Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Weyco Group presently has an average rating of “Hold”.

Weyco Group Company Profile

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.