Dynamic Technology Lab Private Ltd Has $799,000 Stock Holdings in WesBanco, Inc. (NASDAQ:WSBC)

Dynamic Technology Lab Private Ltd grew its position in WesBanco, Inc. (NASDAQ:WSBC) by 245.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,556 shares of the financial services provider’s stock after purchasing an additional 17,441 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in WesBanco were worth $799,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. bought a new position in WesBanco in the 3rd quarter worth $56,000. Principal Securities Inc. grew its position in shares of WesBanco by 40.9% in the fourth quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 603 shares during the last quarter. Roble Belko & Company Inc bought a new position in shares of WesBanco in the fourth quarter worth about $78,000. Allworth Financial LP lifted its position in shares of WesBanco by 668.5% during the 4th quarter. Allworth Financial LP now owns 2,467 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,146 shares during the last quarter. Finally, Hilltop National Bank boosted its stake in WesBanco by 19.6% during the 4th quarter. Hilltop National Bank now owns 2,518 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 413 shares during the period. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on WSBC shares. Raymond James dropped their price target on WesBanco from $44.00 to $38.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 2nd. Stephens reaffirmed an “equal weight” rating and set a $39.00 target price on shares of WesBanco in a research report on Thursday, January 23rd. Piper Sandler assumed coverage on shares of WesBanco in a report on Thursday. They issued an “overweight” rating and a $37.00 price target for the company. StockNews.com upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, DA Davidson increased their target price on shares of WesBanco from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.43.

WesBanco Price Performance

NASDAQ:WSBC opened at $27.80 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50-day moving average of $33.59 and a 200-day moving average of $32.97. WesBanco, Inc. has a 52 week low of $25.56 and a 52 week high of $37.36. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 12.41 and a beta of 0.76.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. As a group, equities research analysts anticipate that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend was Monday, March 10th. WesBanco’s dividend payout ratio (DPR) is 66.07%.

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.