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

Segall Bryant & Hamill LLC cut its holdings in WesBanco, Inc. (NASDAQ:WSBC) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 623,541 shares of the financial services provider’s stock after selling 11,434 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.93% of WesBanco worth $18,569,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of WSBC. SG Americas Securities LLC acquired a new stake in shares of WesBanco during the 1st quarter worth $212,000. State Board of Administration of Florida Retirement System grew its stake in WesBanco by 105.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 33,820 shares of the financial services provider’s stock worth $1,038,000 after buying an additional 17,345 shares in the last quarter. Comerica Bank increased its holdings in WesBanco by 27.5% in the 1st quarter. Comerica Bank now owns 5,382 shares of the financial services provider’s stock valued at $160,000 after buying an additional 1,162 shares during the period. EMC Capital Management raised its position in shares of WesBanco by 257.0% in the 1st quarter. EMC Capital Management now owns 7,523 shares of the financial services provider’s stock valued at $224,000 after buying an additional 5,416 shares in the last quarter. Finally, Moody National Bank Trust Division raised its position in shares of WesBanco by 12.6% in the 2nd quarter. Moody National Bank Trust Division now owns 19,321 shares of the financial services provider’s stock valued at $539,000 after buying an additional 2,156 shares in the last quarter. 61.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other WesBanco news, EVP Michael L. Perkins sold 1,125 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WSBC has been the topic of a number of recent analyst reports. Hovde Group lifted their price objective 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 boosted their price target on WesBanco from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Stephens lifted their target price on WesBanco from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Royal Bank of Canada reissued a “sector perform” rating and set a $35.00 target price on shares of WesBanco in a research note on Monday, September 9th. Finally, Keefe, Bruyette & Woods raised their price target on shares of WesBanco from $30.00 to $34.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, WesBanco presently has an average rating of “Moderate Buy” and a consensus target price of $36.17.

WesBanco Stock Performance

NASDAQ:WSBC opened at $35.08 on Thursday. The stock’s 50-day moving average is $31.52 and its 200-day moving average is $30.08. The stock has a market cap of $2.35 billion, a P/E ratio of 16.78 and a beta of 0.81. WesBanco, Inc. has a 1-year low of $25.56 and a 1-year high of $36.87. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55.

WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.54 earnings per share (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 the consensus estimate of $152.40 million. During the same quarter last year, the firm earned $0.59 earnings per share. Equities research analysts anticipate that WesBanco, Inc. will post 2.14 earnings per share for the current year.

About WesBanco

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.