Macquarie downgraded shares of WesBanco Inc. (NASDAQ:WSBC) from an outperform rating to a neutral rating in a research note issued to investors on Tuesday morning. Macquarie currently has $40.00 target price on the financial services provider’s stock.

WSBC has been the topic of several other reports. Zacks Investment Research raised shares of WesBanco from a sell rating to a hold rating in a research report on Saturday, September 17th. FBR & Co lifted their price target on shares of WesBanco from $32.00 to $33.00 and gave the company a mkt perform rating in a research report on Thursday, October 27th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company has an average rating of Hold and a consensus price target of $35.33.

WesBanco (NASDAQ:WSBC) traded up 0.18% on Tuesday, hitting $39.88. 14,676 shares of the company were exchanged. The stock has a market cap of $1.75 billion, a PE ratio of 18.09 and a beta of 0.78. WesBanco has a 52-week low of $26.93 and a 52-week high of $39.98. The firm has a 50 day moving average of $34.42 and a 200-day moving average of $32.44.

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 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 quarter last year, the firm earned $0.58 earnings per share. On average, equities analysts expect that WesBanco will post $2.20 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.41%. WesBanco’s payout ratio is currently 43.24%.

In other news, EVP Brent E. Richmond sold 9,500 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $38.74, for a total transaction of $368,030.00. Following the completion of the transaction, the executive vice president now owns 21,108 shares in the company, valued at $817,723.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael L. Perkins sold 2,000 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $39.45, for a total transaction of $78,900.00. Following the transaction, the executive vice president now owns 7,858 shares of the company’s stock, valued at approximately $309,998.10. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in WesBanco by 10.3% in the second quarter. California Public Employees Retirement System now owns 64,400 shares of the financial services provider’s stock valued at $2,000,000 after buying an additional 6,000 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in WesBanco during the second quarter valued at $13,414,000. Swiss National Bank increased its stake in WesBanco by 9.7% in the second quarter. Swiss National Bank now owns 60,200 shares of the financial services provider’s stock valued at $1,869,000 after buying an additional 5,300 shares during the last quarter. Huntington National Bank increased its stake in WesBanco by 2,418.7% in the second quarter. Huntington National Bank now owns 135,303 shares of the financial services provider’s stock valued at $4,202,000 after buying an additional 129,931 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in WesBanco by 48.5% in the second quarter. Deprince Race & Zollo Inc. now owns 912,224 shares of the financial services provider’s stock valued at $28,325,000 after buying an additional 297,775 shares during the last quarter. Institutional investors and hedge funds own 53.44% of the company’s stock.

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About WesBanco

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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