Hilltop National Bank Has $82,000 Position in WesBanco, Inc. (NASDAQ:WSBC)

Hilltop National Bank increased its position in WesBanco, Inc. (NASDAQ:WSBC) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,518 shares of the financial services provider’s stock after buying an additional 413 shares during the period. Hilltop National Bank’s holdings in WesBanco were worth $82,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP increased its holdings in WesBanco by 215.3% in the second quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock worth $37,000 after buying an additional 913 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in WesBanco during the third quarter worth approximately $56,000. CWM LLC boosted 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 purchasing an additional 1,319 shares during the period. nVerses Capital LLC bought a new stake in WesBanco during the third quarter worth approximately $80,000. Finally, Point72 DIFC Ltd bought a new stake in WesBanco during the third quarter worth approximately $147,000. Institutional investors and hedge funds own 61.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WSBC. Stephens upped their target price on WesBanco from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Raymond James raised WesBanco from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $35.00 to $44.00 in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.83.

Insider Buying and Selling

In related news, EVP Michael L. Perkins sold 1,125 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $34.87, for a total value of $39,228.75. Following the completion of the transaction, the executive vice president now directly owns 46,817 shares of the company’s stock, valued at $1,632,508.79. This trade represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.44% of the stock is owned by company insiders.

WesBanco Stock Down 3.5 %

WSBC opened at $30.36 on Friday. WesBanco, Inc. has a 1-year low of $25.56 and a 1-year high of $37.36. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 14.53 and a beta of 0.85. The business has a 50 day moving average of $34.29 and a 200-day moving average of $31.74.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $243.34 million during the quarter, compared to analysts’ expectations of $152.40 million. WesBanco had a return on equity of 5.75% and a net margin of 14.79%. During the same period in the prior year, the business earned $0.59 earnings per share. As a group, sell-side analysts anticipate that WesBanco, Inc. will post 2.14 earnings per share for the current year.

WesBanco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a $0.37 dividend. This is a boost from WesBanco’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend was Friday, December 6th. WesBanco’s dividend payout ratio (DPR) is 70.81%.

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.