Weyco Group, Inc. (NASDAQ:WEYS) Shares Acquired by AMG National Trust Bank

AMG National Trust Bank grew its stake in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,859 shares of the textile maker’s stock after acquiring an additional 463 shares during the quarter. AMG National Trust Bank owned about 0.39% of Weyco Group worth $1,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its stake in Weyco Group by 3.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,432 shares of the textile maker’s stock valued at $798,000 after purchasing an additional 757 shares in the last quarter. First Business Financial Services Inc. boosted its holdings in Weyco Group by 8.3% in the third quarter. First Business Financial Services Inc. now owns 13,096 shares of the textile maker’s stock valued at $446,000 after purchasing an additional 1,000 shares during the last quarter. Empowered Funds LLC grew its position in Weyco Group by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 36,042 shares of the textile maker’s stock worth $1,227,000 after purchasing an additional 1,742 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Weyco Group by 34.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock valued at $68,000 after buying an additional 511 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Weyco Group by 0.4% in the 3rd quarter. State Street Corp now owns 90,832 shares of the textile maker’s stock valued at $3,092,000 after buying an additional 375 shares during the period. 23.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Weyco Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

Weyco Group Price Performance

WEYS opened at $31.63 on Friday. The firm has a fifty day moving average price of $35.64 and a 200 day moving average price of $35.03. Weyco Group, Inc. has a 1 year low of $27.05 and a 1 year high of $41.05. The stock has a market cap of $302.35 million, a P/E ratio of 10.47 and a beta of 0.69.

Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings data on Tuesday, March 4th. The textile maker reported $1.04 earnings per share for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%. The business had revenue of $80.47 million during the quarter.

Weyco Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.04 dividend on an annualized basis and a yield of 3.29%. Weyco Group’s dividend payout ratio is currently 34.44%.

About Weyco Group

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.