WesBanco, Inc. (NASDAQ:WSBC) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC boosted its stake in WesBanco, Inc. (NASDAQ:WSBC) by 3.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 190,629 shares of the financial services provider’s stock after purchasing an additional 5,637 shares during the period. Peregrine Capital Management LLC’s holdings in WesBanco were worth $6,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of WesBanco by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,419,070 shares of the financial services provider’s stock worth $42,268,000 after acquiring an additional 32,879 shares during the period. Franklin Resources Inc. bought a new position in WesBanco in the 3rd quarter worth about $1,148,000. FMR LLC increased its stake in shares of WesBanco by 25.8% in the third quarter. FMR LLC now owns 695,487 shares of the financial services provider’s stock valued at $20,712,000 after purchasing an additional 142,597 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of WesBanco in the third quarter valued at approximately $212,000. Finally, Cerity Partners LLC raised its holdings in shares of WesBanco by 3.0% during the third quarter. Cerity Partners LLC now owns 30,049 shares of the financial services provider’s stock valued at $895,000 after buying an additional 867 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WSBC has been the subject of a number of recent analyst reports. DA Davidson increased their price objective on WesBanco from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Raymond James raised WesBanco from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $35.00 to $44.00 in a research note on Friday, December 6th. Keefe, Bruyette & Woods upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $44.00 in a research note on Monday, February 10th. Stephens reiterated an “equal weight” rating and issued a $39.00 target price on shares of WesBanco in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, WesBanco has an average rating of “Moderate Buy” and an average price target of $40.83.

WesBanco Trading Up 0.4 %

Shares of WSBC stock opened at $36.59 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock has a 50-day simple moving average of $33.76 and a 200 day simple moving average of $32.60. WesBanco, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $37.36. The stock has a market capitalization of $2.45 billion, a P/E ratio of 16.33 and a beta of 0.84.

WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.17. WesBanco had a net margin of 15.89% and a return on equity of 6.30%. On average, sell-side analysts expect that WesBanco, Inc. will post 3.24 earnings per share 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.