WesBanco Inc. (WSBC) EVP Sells $115,980.00 in Stock
WesBanco Inc. (NASDAQ:WSBC) EVP Jonathan D. Dargusch sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $38.66, for a total transaction of $115,980.00. Following the transaction, the executive vice president now directly owns 14,529 shares of the company’s stock, valued at $561,691.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
WesBanco Inc. (NASDAQ:WSBC) opened at 38.68 on Friday. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 17.55 and a beta of 0.78. The firm has a 50 day moving average of $33.83 and a 200-day moving average of $32.27. WesBanco Inc. has a 52-week low of $26.93 and a 52-week high of $39.45.
WesBanco (NASDAQ:WSBC) last announced its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.44 EPS for the quarter, missing the Thomson Reuters’ 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 business earned $0.58 earnings per share. Equities analysts expect that WesBanco Inc. will post $2.20 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Friday, December 9th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Wednesday, December 7th. WesBanco’s dividend payout ratio is presently 43.24%.
Institutional investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. raised its position in WesBanco by 423.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 31,950 shares of the financial services provider’s stock worth $1,049,000 after buying an additional 25,850 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in WesBanco during the third quarter worth about $870,000. Citadel Advisors LLC acquired a new position in WesBanco during the third quarter worth about $1,621,000. Morgan Stanley raised its position in WesBanco by 38.1% in the third quarter. Morgan Stanley now owns 19,686 shares of the financial services provider’s stock worth $648,000 after buying an additional 5,435 shares in the last quarter. Finally, Northern Trust Corp raised its position in WesBanco by 9.2% in the third quarter. Northern Trust Corp now owns 857,195 shares of the financial services provider’s stock worth $28,185,000 after buying an additional 72,548 shares in the last quarter. 52.79% of the stock is owned by institutional investors.
Several analysts recently issued reports on WSBC shares. Zacks Investment Research upgraded shares of 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 shares of WesBanco and gave the company a “hold” rating in a research report 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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