Charlotte A. Zuschlag Sells 800 Shares of WesBanco Inc. (WSBC) Stock
WesBanco Inc. (NASDAQ:WSBC) Director Charlotte A. Zuschlag sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $32.31, for a total transaction of $25,848.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of WesBanco Inc. (NASDAQ:WSBC) opened at 32.45 on Monday. WesBanco Inc. has a one year low of $26.93 and a one year high of $34.32. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 13.84 and a beta of 0.93. The stock has a 50 day moving average of $31.55 and a 200-day moving average of $31.05.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. WesBanco had a net margin of 26.00% and a return on equity of 7.99%. On average, equities analysts anticipate that WesBanco Inc. will post $2.32 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Wednesday, September 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, September 12th. WesBanco’s dividend payout ratio is presently 40.68%.
Several institutional investors have recently bought and sold shares of WSBC. Legal & General Group Plc raised its position in WesBanco by 33.3% in the first quarter. Legal & General Group Plc now owns 10,061 shares of the financial services provider’s stock worth $299,000 after buying an additional 2,511 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of WesBanco by 37.8% in the first quarter. Renaissance Technologies LLC now owns 240,102 shares of the financial services provider’s stock valued at $7,133,000 after buying an additional 65,900 shares during the period. Geode Capital Management LLC raised its position in shares of WesBanco by 5.0% in the first quarter. Geode Capital Management LLC now owns 284,352 shares of the financial services provider’s stock valued at $8,448,000 after buying an additional 13,455 shares during the period. AXA bought a new position in shares of WesBanco during the first quarter valued at approximately $499,000. Finally, UBS Group AG raised its position in shares of WesBanco by 21.3% in the first quarter. UBS Group AG now owns 8,280 shares of the financial services provider’s stock valued at $246,000 after buying an additional 1,454 shares during the period. 60.00% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on WSBC. Zacks Investment Research raised shares of WesBanco from a “sell” rating to a “hold” rating in a research report on Saturday. FBR & Co set a $32.00 price target on shares of WesBanco and gave the company a “hold” rating in a research report on Thursday, July 21st.
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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