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

New York State Common Retirement Fund grew its position in shares of WesBanco, Inc. (NASDAQ:WSBC) by 30.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 owned 0.98% of WesBanco worth $21,270,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Peregrine Capital Management LLC raised its holdings in WesBanco by 3.0% during the fourth quarter. Peregrine Capital Management LLC now owns 190,629 shares of the financial services provider’s stock worth $6,203,000 after purchasing an additional 5,637 shares in the last quarter. Allworth Financial LP raised its stake 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 buying an additional 2,146 shares in the last quarter. Principal Securities Inc. raised its stake in shares of WesBanco by 40.9% during the 4th quarter. Principal Securities Inc. now owns 2,079 shares of the financial services provider’s stock worth $68,000 after buying an additional 603 shares in the last quarter. Naples Global Advisors LLC acquired a new stake in shares of WesBanco in the 4th quarter valued at approximately $208,000. Finally, Kentucky Trust Co purchased a new stake in shares of WesBanco in the fourth quarter valued at approximately $126,000. Institutional investors and hedge funds own 61.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

WesBanco Stock Performance

NASDAQ:WSBC opened at $35.41 on Friday. 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 company has a market capitalization of $2.37 billion, a P/E ratio of 15.81 and a beta of 0.84. The firm has a 50-day moving average price of $33.80 and a two-hundred day moving average price of $32.69. WesBanco, Inc. has a twelve month low of $25.56 and a twelve month high of $37.36.

WesBanco (NASDAQ:WSBC) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share 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, research analysts expect that WesBanco, Inc. will post 3.24 earnings per share for the current fiscal year.

WesBanco 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.