WesBanco, Inc. (NASDAQ:WSBC) Position Trimmed by Bridge City Capital LLC

Bridge City Capital LLC lessened its holdings in shares of WesBanco, Inc. (NASDAQ:WSBC) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,874 shares of the financial services provider’s stock after selling 1,826 shares during the quarter. Bridge City Capital LLC owned approximately 0.09% of WesBanco worth $2,026,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Capital Analysts LLC bought a new stake in shares of WesBanco in the 1st quarter valued at approximately $28,000. Nisa Investment Advisors LLC bought a new stake in shares of WesBanco in the 2nd quarter valued at approximately $36,000. Captrust Financial Advisors bought a new stake in shares of WesBanco in the 1st quarter valued at approximately $51,000. Carolina Wealth Advisors LLC grew its stake in shares of WesBanco by 28.3% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 3,890 shares of the financial services provider’s stock valued at $139,000 after buying an additional 858 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of WesBanco in the 1st quarter valued at approximately $200,000. 62.31% of the stock is currently owned by institutional investors.

NASDAQ:WSBC traded up $0.08 during trading hours on Tuesday, reaching $30.79. The company had a trading volume of 381 shares, compared to its average volume of 261,556. The stock has a 50-day moving average of $33.01 and a two-hundred day moving average of $35.57. WesBanco, Inc. has a one year low of $19.56 and a one year high of $39.87. The firm has a market capitalization of $2.01 billion, a PE ratio of 8.98 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings results on Tuesday, July 27th. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.26. The firm had revenue of $151.97 million for the quarter, compared to analysts’ expectations of $149.17 million. WesBanco had a return on equity of 9.17% and a net margin of 36.64%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. As a group, sell-side analysts expect that WesBanco, Inc. will post 3.42 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Friday, September 10th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Thursday, September 9th. WesBanco’s payout ratio is presently 70.21%.

Several equities research analysts recently weighed in on WSBC shares. Zacks Investment Research lowered WesBanco from a “buy” rating to a “hold” rating in a report on Thursday, August 5th. Raymond James lowered WesBanco from an “outperform” rating to a “market perform” rating in a report on Thursday, July 8th. Finally, B. Riley restated a “neutral” rating on shares of WesBanco in a report on Tuesday, July 27th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.25.

About WesBanco

WesBanco, Inc is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Community Banking, and Trust and Investment Services. The Community Banking segment delivers services traditionally offered by service commercial banks, including commercial demand, individual demand, and time deposit accounts, as well as commercial, mortgage, and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services.

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Institutional Ownership by Quarter for WesBanco (NASDAQ:WSBC)

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