Robert H. Young Sells 2,000 Shares of WesBanco Inc. (WSBC) Stock
WesBanco Inc. (NASDAQ:WSBC) CFO Robert H. Young sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $37.96, for a total value of $75,920.00. Following the sale, the chief financial officer now directly owns 12,550 shares of the company’s stock, valued at $476,398. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
WesBanco Inc. (NASDAQ:WSBC) opened at 39.49 on Monday. The stock has a 50 day moving average price of $34.03 and a 200 day moving average price of $32.32. WesBanco Inc. has a 12-month low of $26.93 and a 12-month high of $39.50. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.92 and a beta of 0.78.
WesBanco (NASDAQ:WSBC) last posted its earnings results on Tuesday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 prior year, the firm earned $0.58 earnings per share. On average, analysts expect that WesBanco Inc. will post $2.20 EPS 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 paid a $0.24 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $0.96 annualized dividend and a dividend yield of 2.43%. WesBanco’s payout ratio is presently 43.24%.
Several hedge funds have recently bought and sold shares of the company. Integrated Investment Consultants LLC boosted 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 last quarter. BNP Paribas Arbitrage SA boosted its stake 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 valued at $111,000 after buying an additional 1,979 shares during 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 during the period. 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 during the period. 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 during the period. 53.44% of the stock is currently owned by institutional investors.
A number of analysts have commented on WSBC shares. Zacks Investment Research raised WesBanco from a “sell” rating to a “hold” rating in a report on Saturday, September 17th. FBR & Co boosted their price objective on WesBanco from $32.00 to $33.00 and gave the stock a “mkt perform” rating in a 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.
Receive News & Stock Ratings for WesBanco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WesBanco Inc. and related stocks with our FREE daily email newsletter.