WesBanco Inc. (WSBC) EVP Brent E. Richmond Sells 9,500 Shares
WesBanco Inc. (NASDAQ:WSBC) EVP Brent E. Richmond sold 9,500 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $38.74, for a total transaction of $368,030.00. Following the transaction, the executive vice president now owns 21,108 shares of the company’s stock, valued at $817,723.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of WesBanco Inc. (NASDAQ:WSBC) traded up 0.946% during midday trading on Friday, reaching $39.046. 28,864 shares of the company traded hands. The firm has a market capitalization of $1.71 billion, a PE ratio of 17.716 and a beta of 0.78. WesBanco Inc. has a 12-month low of $26.93 and a 12-month high of $39.45. The company has a 50-day moving average of $33.83 and a 200 day moving average of $32.27.
WesBanco (NASDAQ:WSBC) last released its earnings results on Tuesday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) 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 last year, the business posted $0.58 earnings per share. On average, equities analysts forecast that WesBanco Inc. will post $2.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Friday, December 9th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Wednesday, December 7th. WesBanco’s dividend payout ratio (DPR) is currently 43.24%.
A number of large investors have recently bought and sold shares of WSBC. Integrated Investment Consultants LLC increased its stake 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 valued at $103,000 after buying an additional 497 shares during the period. BNP Paribas Arbitrage SA increased 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 worth $111,000 after buying an additional 1,979 shares during the last quarter. Victory Capital Management Inc. increased 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 worth $126,000 after buying an additional 1,778 shares during the last quarter. Teacher Retirement System of Texas increased 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 worth $167,000 after buying an additional 1,137 shares during the last quarter. Finally, Strs Ohio increased 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 worth $176,000 after buying an additional 5,300 shares during the last quarter. 52.79% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on WSBC shares. Zacks Investment Research downgraded shares of WesBanco from a “hold” rating to a “sell” rating in a research note on Saturday, July 23rd. FBR & Co set a $32.00 target price on shares of WesBanco and gave the company a “hold” rating in a research note on Thursday, July 21st.
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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