Charlotte A. Zuschlag Sells 10,000 Shares of WesBanco Inc. (WSBC) Stock
WesBanco Inc. (NASDAQ:WSBC) Director Charlotte A. Zuschlag sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $34.89, for a total value of $348,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
WesBanco Inc. (NASDAQ:WSBC) opened at 38.24 on Monday. The stock’s 50 day moving average price is $33.19 and its 200-day moving average price is $32.09. The stock has a market capitalization of $1.68 billion, a P/E ratio of 17.35 and a beta of 0.78. WesBanco Inc. has a 52 week low of $26.93 and a 52 week high of $38.57.
WesBanco (NASDAQ:WSBC) last announced its earnings results on Tuesday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.13. WesBanco had a return on equity of 7.72% and a net margin of 24.20%. During the same period in the previous year, the business earned $0.58 EPS. Equities research analysts expect that WesBanco Inc. will post $2.20 earnings per share for the current year.
A number of analysts have weighed in on the company. Zacks Investment Research raised WesBanco from a “sell” rating to a “hold” rating in a research report on Saturday, September 17th. FBR & Co set a $32.00 target price on WesBanco and gave the stock a “hold” rating in a research note on Thursday, July 21st.
A number of hedge funds have recently made changes to their positions in the stock. Integrated Investment Consultants LLC raised its stake in shares of WesBanco by 18.6% in the third quarter. Integrated Investment Consultants LLC now owns 3,168 shares of the financial services provider’s stock valued at $103,000 after buying an additional 497 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of WesBanco by 142.1% in the third quarter. BNP Paribas Arbitrage SA now owns 3,372 shares of the financial services provider’s stock valued at $111,000 after buying an additional 1,979 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of WesBanco by 77.5% in the second quarter. Victory Capital Management Inc. now owns 4,071 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,778 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of WesBanco by 26.8% in the second quarter. Teacher Retirement System of Texas now owns 5,385 shares of the financial services provider’s stock valued at $167,000 after buying an additional 1,137 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of WesBanco by 1,325.0% in the second quarter. Strs Ohio now owns 5,700 shares of the financial services provider’s stock valued at $176,000 after buying an additional 5,300 shares in the last quarter. 52.79% of the stock is owned by hedge funds and other institutional investors.
WesBanco Company Profile
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 by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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