Charlotte A. Zuschlag Sells 10,256 Shares of WesBanco Inc. (WSBC) Stock
WesBanco Inc. (NASDAQ:WSBC) Director Charlotte A. Zuschlag sold 10,256 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $37.40, for a total transaction of $383,574.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of WesBanco Inc. (NASDAQ:WSBC) opened at 38.68 on Friday. WesBanco Inc. has a 52-week low of $26.93 and a 52-week high of $39.45. The stock has a market cap of $1.70 billion, a PE ratio of 17.55 and a beta of 0.78. The stock’s 50 day moving average is $33.83 and its 200 day moving average is $32.27.
WesBanco (NASDAQ:WSBC) last released its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.13. WesBanco had a net margin of 24.20% and a return on equity of 7.72%. During the same quarter in the previous year, the firm earned $0.58 EPS. Equities research analysts forecast that WesBanco Inc. will post $2.20 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Investors of record on Friday, December 9th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.96 annualized dividend and a yield of 2.48%. WesBanco’s dividend payout ratio (DPR) is 43.24%.
Several analysts have issued reports on WSBC shares. Zacks Investment Research upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research note on Saturday, September 3rd. FBR & Co increased their target price on shares of WesBanco from $32.00 to $33.00 and gave the stock a “mkt perform” rating in a research note on Thursday, October 27th.
A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services Inc raised its stake in shares of WesBanco by 1.2% in the second quarter. Commonwealth Equity Services Inc now owns 8,656 shares of the financial services provider’s stock valued at $269,000 after buying an additional 101 shares during the period. Schneider Downs Wealth Management Advisors LP raised its stake in shares of WesBanco by 0.8% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 21,537 shares of the financial services provider’s stock valued at $708,000 after buying an additional 171 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of WesBanco by 5.2% in the second quarter. PNC Financial Services Group Inc. now owns 7,252 shares of the financial services provider’s stock valued at $225,000 after buying an additional 357 shares during the period. 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 during the period. Finally, AQR Capital Management LLC raised its stake in shares of WesBanco by 2.9% in the second quarter. AQR Capital Management LLC now owns 22,542 shares of the financial services provider’s stock valued at $700,000 after buying an additional 625 shares during the period. Institutional investors own 52.79% of the company’s stock.
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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