WesBanco Inc. (WSBC) Shares Sold by Dalton Greiner Hartman Maher & Co.
Dalton Greiner Hartman Maher & Co. cut its stake in WesBanco Inc. (NASDAQ:WSBC) by 7.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 331,239 shares of the financial services provider’s stock after selling 24,910 shares during the period. Dalton Greiner Hartman Maher & Co. owned approximately 0.86% of WesBanco worth $10,891,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its position 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 valued at $111,000 after buying an additional 1,979 shares during the period. Victory Capital Management Inc. boosted 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 boosted 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. Strs Ohio boosted 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. Finally, Walleye Trading LLC bought a new stake in shares of WesBanco during the second quarter valued at about $191,000. 55.07% of the stock is currently owned by institutional investors.
Shares of WesBanco Inc. (NASDAQ:WSBC) traded down 1.62% during mid-day trading on Monday, hitting $39.59. The stock had a trading volume of 59,547 shares. WesBanco Inc. has a 12 month low of $26.93 and a 12 month high of $40.24. The firm has a market cap of $1.74 billion, a PE ratio of 17.96 and a beta of 0.78. The stock’s 50-day moving average is $34.88 and its 200 day moving average is $32.55.
WesBanco (NASDAQ:WSBC) last announced its earnings results on Tuesday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business posted $0.58 earnings per share. Equities research analysts predict that WesBanco Inc. 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. Shareholders of record on Friday, December 9th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, December 7th. WesBanco’s payout ratio is 43.24%.
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WSBC has been the topic of several recent research reports. Zacks Investment Research raised WesBanco from a “sell” rating to a “hold” rating in a research report on Saturday, August 20th. FBR & Co increased their target price on WesBanco from $32.00 to $33.00 and gave the company a “mkt perform” rating in a research report on Thursday, October 27th. Finally, Macquarie cut WesBanco from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. WesBanco has an average rating of “Hold” and an average target price of $35.33.
In other WesBanco news, EVP Michael L. Perkins sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $39.45, for a total value of $78,900.00. Following the sale, the executive vice president now owns 7,858 shares of the company’s stock, valued at $309,998.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charlotte A. Zuschlag sold 17,128 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $32.50, for a total value of $556,660.00. The disclosure for this sale can be found here. 4.22% of the stock is owned by company insiders.
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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