WesBanco, Inc. (WSBC) Shares Sold by Trexquant Investment LP

Trexquant Investment LP decreased its stake in WesBanco, Inc. (NASDAQ:WSBC) by 79.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,371 shares of the financial services provider’s stock after selling 20,809 shares during the period. Trexquant Investment LP’s holdings in WesBanco were worth $212,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WSBC. Ameritas Investment Partners Inc. purchased a new stake in shares of WesBanco during the first quarter valued at about $132,000. Smithfield Trust Co. purchased a new stake in shares of WesBanco during the second quarter valued at about $138,000. Sei Investments Co. raised its stake in shares of WesBanco by 4,236.6% in the second quarter. Sei Investments Co. now owns 4,380 shares of the financial services provider’s stock valued at $174,000 after buying an additional 4,279 shares during the period. Eqis Capital Management Inc. purchased a new stake in shares of WesBanco during the first quarter valued at about $219,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of WesBanco by 7.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,783 shares of the financial services provider’s stock valued at $220,000 after buying an additional 419 shares during the period. 56.07% of the stock is owned by hedge funds and other institutional investors.

Shares of WesBanco, Inc. (NASDAQ WSBC) opened at 36.46 on Wednesday. The stock has a 50 day moving average price of $38.42 and a 200-day moving average price of $38.89. WesBanco, Inc. has a 1-year low of $31.55 and a 1-year high of $44.19. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 16.66 and a beta of 0.94.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.01. The firm had revenue of $94.26 million during the quarter, compared to analyst estimates of $96.70 million. WesBanco had a net margin of 23.44% and a return on equity of 7.55%. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Equities research analysts forecast that WesBanco, Inc. will post $2.45 earnings per share for the current year.

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Several equities research analysts have issued reports on the company. Zacks Investment Research lowered WesBanco from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. FBR & Co reaffirmed a “mkt perform” rating and set a $40.00 price target (down previously from $44.00) on shares of WesBanco in a research note on Thursday, July 20th. BidaskClub lowered WesBanco from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. ValuEngine raised WesBanco from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Finally, DA Davidson raised WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. WesBanco presently has an average rating of “Hold” and a consensus price target of $41.60.

About WesBanco

WesBanco, Inc (WesBanco) is a bank holding company. The Company offers a range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: community banking, which offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.