Segall Bryant & Hamill LLC Sells 11,434 Shares of WesBanco, Inc. (NASDAQ:WSBC)

Segall Bryant & Hamill LLC reduced its holdings in WesBanco, Inc. (NASDAQ:WSBC) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 623,541 shares of the financial services provider’s stock after selling 11,434 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in WesBanco were worth $18,569,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WSBC. Quarry LP increased its stake in shares of WesBanco by 215.3% in the 2nd quarter. Quarry LP now owns 1,337 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 913 shares in the last quarter. Signaturefd LLC grew its holdings in WesBanco by 214.5% in the second quarter. Signaturefd LLC now owns 1,384 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 944 shares during the period. Innealta Capital LLC bought a new stake in WesBanco in the second quarter valued at $53,000. CWM LLC raised its holdings in shares of WesBanco by 175.2% during the third quarter. CWM LLC now owns 2,072 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,319 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of WesBanco in the 3rd quarter valued at about $80,000. 61.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael L. Perkins sold 1,125 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $34.87, for a total transaction of $39,228.75. Following the completion of the transaction, the executive vice president now owns 46,817 shares in the company, valued at approximately $1,632,508.79. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.44% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stephens upped their price target on WesBanco from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods increased their target price on WesBanco from $30.00 to $34.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Hovde Group boosted their price target on shares of WesBanco from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. DA Davidson lifted their price objective on shares of WesBanco from $35.00 to $42.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $35.00 price target on shares of WesBanco in a research report on Monday, September 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.17.

WesBanco Stock Performance

Shares of WSBC stock opened at $35.08 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50-day moving average of $31.52 and a 200-day moving average of $30.08. WesBanco, Inc. has a one year low of $25.56 and a one year high of $36.87. The company has a market cap of $2.35 billion, a P/E ratio of 16.78 and a beta of 0.81.

WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. WesBanco had a net margin of 14.79% and a return on equity of 5.75%. The firm had revenue of $243.34 million during the quarter, compared to analyst estimates of $152.40 million. During the same quarter last year, the business posted $0.59 EPS. Equities research analysts forecast that WesBanco, Inc. will post 2.14 EPS for the current fiscal year.

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.