WesBanco Inc (NASDAQ:WSBC) Director F Eric Nelson, Jr. sold 12,500 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $42.06, for a total transaction of $525,750.00. Following the completion of the sale, the director now owns 29,717 shares in the company, valued at approximately $1,249,897.02. The sale was disclosed in a filing with the SEC, which is accessible through this link.
WesBanco Inc (WSBC) opened at $42.60 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.85. The stock has a market cap of $1,875.81, a P/E ratio of 17.82, a PEG ratio of 1.48 and a beta of 1.00. WesBanco Inc has a 1-year low of $34.81 and a 1-year high of $43.77.
WesBanco (NASDAQ:WSBC) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.03). WesBanco had a net margin of 24.73% and a return on equity of 7.66%. The business had revenue of $95.15 million for the quarter, compared to analyst estimates of $98.37 million. During the same period in the prior year, the company earned $0.60 earnings per share. analysts anticipate that WesBanco Inc will post 2.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, December 7th. WesBanco’s dividend payout ratio is presently 44.44%.
Several research firms recently weighed in on WSBC. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $41.00 price objective on shares of WesBanco in a research note on Tuesday, October 3rd. Sandler O’Neill cut shares of WesBanco from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of WesBanco from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. B. Riley set a $40.00 target price on shares of WesBanco and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Finally, Boenning Scattergood restated a “hold” rating on shares of WesBanco in a research report on Tuesday, November 14th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.00.
A number of hedge funds have recently added to or reduced their stakes in WSBC. Teachers Advisors LLC lifted its position in shares of WesBanco by 386.8% in the 2nd quarter. Teachers Advisors LLC now owns 345,534 shares of the financial services provider’s stock valued at $13,662,000 after acquiring an additional 274,555 shares in the last quarter. Eaton Vance Management purchased a new stake in shares of WesBanco in the 2nd quarter valued at approximately $9,783,000. River Road Asset Management LLC lifted its position in shares of WesBanco by 41.4% in the 3rd quarter. River Road Asset Management LLC now owns 537,197 shares of the financial services provider’s stock valued at $22,036,000 after acquiring an additional 157,370 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of WesBanco by 11.1% in the 3rd quarter. Macquarie Group Ltd. now owns 1,525,400 shares of the financial services provider’s stock valued at $62,572,000 after acquiring an additional 152,280 shares in the last quarter. Finally, Earnest Partners LLC lifted its position in shares of WesBanco by 8.8% in the 3rd quarter. Earnest Partners LLC now owns 1,641,852 shares of the financial services provider’s stock valued at $67,349,000 after acquiring an additional 132,434 shares in the last quarter. 59.11% of the stock is owned by institutional investors and hedge funds.
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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, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and trust and investment services, which offers trust services, as well as various alternative investment products, including mutual funds.
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