WesBanco, Inc. (NASDAQ:WSBC) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in shares of WesBanco, Inc. (NASDAQ:WSBC) by 30.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 653,656 shares of the financial services provider’s stock after buying an additional 152,766 shares during the quarter. New York State Common Retirement Fund’s holdings in WesBanco were worth $21,270,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hilltop National Bank grew its stake in WesBanco by 19.6% in the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 413 shares during the period. Principal Securities Inc. boosted its holdings in shares of WesBanco by 40.9% during the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 603 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of WesBanco by 3.9% in the third quarter. Harbor Capital Advisors Inc. now owns 17,590 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 668 shares during the period. Cerity Partners LLC increased its stake in WesBanco by 3.0% in the third quarter. Cerity Partners LLC now owns 30,049 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 867 shares during the last quarter. Finally, CWM LLC lifted its position in WesBanco by 175.2% during the third quarter. CWM LLC now owns 2,072 shares of the financial services provider’s stock worth $62,000 after buying an additional 1,319 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.

WesBanco Trading Down 2.4 %

Shares of WSBC stock opened at $35.41 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. WesBanco, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $37.36. The firm’s 50 day moving average price is $33.80 and its two-hundred day moving average price is $32.69. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 15.81 and a beta of 0.84.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. On average, analysts anticipate that WesBanco, Inc. will post 3.24 EPS for the current year.

Wall Street Analysts Forecast Growth

WSBC has been the subject of several recent analyst reports. Stephens restated an “equal weight” rating and issued a $39.00 price target on shares of WesBanco in a report on Thursday, January 23rd. DA Davidson boosted their target price on shares of WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods raised shares of WesBanco from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $40.00 to $44.00 in a research note on Monday, February 10th. Raymond James raised shares of WesBanco from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $35.00 to $44.00 in a research note on Friday, December 6th. Finally, StockNews.com raised WesBanco from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, WesBanco presently has a consensus rating of “Moderate Buy” and an average target price of $40.83.

WesBanco Company Profile

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.