Charlotte A. Zuschlag Sells 19,744 Shares of WesBanco Inc. (WSBC) Stock
WesBanco Inc. (NASDAQ:WSBC) Director Charlotte A. Zuschlag sold 19,744 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $38.36, for a total transaction of $757,379.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
WesBanco Inc. (NASDAQ:WSBC) opened at 38.28 on Thursday. The company has a 50-day moving average of $33.67 and a 200 day moving average of $32.22. WesBanco Inc. has a one year low of $26.93 and a one year high of $39.45. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 17.37 and a beta of 0.78.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.58 EPS. On average, analysts anticipate that WesBanco Inc. will post $2.20 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC raised its position in WesBanco by 18.6% in the third quarter. Integrated Investment Consultants LLC now owns 3,168 shares of the financial services provider’s stock worth $103,000 after buying an additional 497 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in WesBanco by 142.1% in the third quarter. BNP Paribas Arbitrage SA now owns 3,372 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,979 shares in the last quarter. Victory Capital Management Inc. raised its position in WesBanco by 77.5% in the second quarter. Victory Capital Management Inc. now owns 4,071 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,778 shares in the last quarter. Teacher Retirement System of Texas raised its position in 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 worth $167,000 after buying an additional 1,137 shares in the last quarter. Finally, Strs Ohio raised its position in WesBanco by 1,325.0% in the second quarter. Strs Ohio now owns 5,700 shares of the financial services provider’s stock worth $176,000 after buying an additional 5,300 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on WSBC. Zacks Investment Research lowered shares of WesBanco from a “hold” rating to a “sell” rating in a research report on Saturday, October 29th. FBR & Co upped their target price on shares of WesBanco from $32.00 to $33.00 and gave the stock a “mkt perform” rating in a research report on Thursday, October 27th.
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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