WesBanco, Inc. (NASDAQ:WSBC - Get Free Report) EVP Scott Love sold 3,000 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $40.12, for a total value of $120,360.00. Following the completion of the transaction, the executive vice president directly owned 25,229 shares in the company, valued at approximately $1,012,187.48. This represents a 10.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
WesBanco Stock Performance
NASDAQ:WSBC traded down $0.08 on Friday, hitting $38.59. The stock had a trading volume of 431,694 shares, compared to its average volume of 672,261. The business's 50-day simple moving average is $38.67 and its two-hundred day simple moving average is $37.22. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 11.09 and a beta of 0.70. WesBanco, Inc. has a 52-week low of $29.75 and a 52-week high of $43.02. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.59.
WesBanco (NASDAQ:WSBC - Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. WesBanco had a net margin of 23.70% and a return on equity of 9.58%. The firm had revenue of $272.74 million during the quarter, compared to analyst estimates of $274.88 million. As a group, research analysts predict that WesBanco, Inc. will post 3.57 earnings per share for the current year.
WesBanco Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 4th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, September 4th. WesBanco's payout ratio is 43.68%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on WSBC. Wall Street Zen lowered shares of WesBanco from a "hold" rating to a "sell" rating in a report on Saturday, October 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of WesBanco in a report on Friday, October 30th. DA Davidson set a $46.00 price target on shares of WesBanco in a research report on Thursday, July 23rd. Piper Sandler reduced their price objective on shares of WesBanco from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, October 6th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $44.00 price objective on shares of WesBanco in a research report on Monday, September 14th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $43.60.
Get Our Latest Analysis on WesBanco
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in WSBC. BlackRock Inc. bought a new position in WesBanco in the 2nd quarter worth approximately $363,992,000. Dimensional Fund Advisors LP lifted its holdings in shares of WesBanco by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 5,451,344 shares of the financial services provider's stock worth $188,013,000 after buying an additional 59,077 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of WesBanco in the second quarter worth $84,562,000. Bank of New York Mellon Corp bought a new position in shares of WesBanco during the second quarter worth $36,433,000. Finally, Segall Bryant & Hamill LLC boosted its position in shares of WesBanco by 0.7% during the first quarter. Segall Bryant & Hamill LLC now owns 928,768 shares of the financial services provider's stock worth $32,033,000 after acquiring an additional 6,784 shares during the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.
WesBanco Company Profile
(
Get Free Report)
WesBanco, Inc (NASDAQ: WSBC) is a regional financial services holding company headquartered in Wheeling, West Virginia. Through its principal subsidiary, WesBanco Bank, the company provides banking and financial services to individuals, families, businesses and institutions.
Its offerings include consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal and corporate credit services, mortgage banking and other traditional banking products.
Further Reading
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