WesBanco Inc. (WSBC) Director Charlotte A. Zuschlag Sells 1,300 Shares
WesBanco Inc. (NASDAQ:WSBC) Director Charlotte A. Zuschlag sold 1,300 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $32.26, for a total value of $41,938.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of WesBanco Inc. (NASDAQ:WSBC) opened at 32.45 on Monday. The company has a market capitalization of $1.25 billion, a P/E ratio of 13.84 and a beta of 0.93. The firm has a 50 day moving average price of $31.55 and a 200 day moving average price of $31.05. WesBanco Inc. has a one year low of $26.93 and a one year high of $34.32.
WesBanco (NASDAQ:WSBC) last issued its earnings results on Tuesday, July 19th. The financial services provider reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. WesBanco had a return on equity of 7.99% and a net margin of 26.00%. On average, equities research analysts predict that WesBanco Inc. will post $2.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Wednesday, September 14th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, September 12th. WesBanco’s dividend payout ratio (DPR) is 40.68%.
Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in 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 increased its stake in 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 increased its stake in 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. Walleye Trading LLC purchased a new stake in WesBanco during the second quarter valued at $191,000. Finally, KCG Holdings Inc. purchased a new stake in WesBanco during the second quarter valued at $206,000. 60.00% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on WSBC shares. FBR & Co set a $32.00 price objective on WesBanco and gave the company a “hold” rating in a report on Thursday, July 21st. Zacks Investment Research upgraded WesBanco from a “sell” rating to a “hold” rating in a report on Saturday.
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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