Connable Office Inc. Has $215,000 Stake in WesBanco, Inc. (WSBC)
Connable Office Inc. held its position in shares of WesBanco, Inc. (NASDAQ:WSBC) during the second quarter, Holdings Channel reports. The institutional investor owned 5,444 shares of the financial services provider’s stock at the end of the second quarter. Connable Office Inc.’s holdings in WesBanco were worth $215,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in WSBC. IFP Advisors Inc raised its position in shares of WesBanco by 0.7% in the second quarter. IFP Advisors Inc now owns 17,010 shares of the financial services provider’s stock worth $673,000 after buying an additional 116 shares during the period. Smithfield Trust Co. bought a new position in shares of WesBanco during the second quarter worth $138,000. Sei Investments Co. raised its position in shares of WesBanco by 4,236.6% in the second quarter. Sei Investments Co. now owns 4,380 shares of the financial services provider’s stock worth $174,000 after buying an additional 4,279 shares during the period. JFS Wealth Advisors LLC bought a new position in shares of WesBanco during the second quarter worth $328,000. Finally, Peregrine Capital Management LLC raised its position in shares of WesBanco by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 199,811 shares of the financial services provider’s stock worth $7,901,000 after buying an additional 3,998 shares during the period. Institutional investors own 56.63% of the company’s stock.
WesBanco, Inc. (NASDAQ:WSBC) opened at 36.02 on Friday. WesBanco, Inc. has a 52 week low of $30.86 and a 52 week high of $44.19. The stock has a market cap of $1.59 billion, a P/E ratio of 16.46 and a beta of 0.94. The stock has a 50 day moving average of $38.83 and a 200-day moving average of $39.17.
WesBanco (NASDAQ:WSBC) last released its earnings results on Wednesday, July 19th. The financial services provider reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $94.26 million for the quarter, compared to analyst estimates of $96.70 million. WesBanco had a net margin of 23.44% and a return on equity of 7.55%. During the same quarter in the previous year, the company earned $0.58 earnings per share. Analysts forecast that WesBanco, Inc. will post $2.45 earnings per share for the current year.
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A number of brokerages have weighed in on WSBC. BidaskClub lowered shares of WesBanco from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of WesBanco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. FBR & Co decreased their price target on shares of WesBanco from $44.00 to $40.00 and set a “mkt perform” rating on the stock in a report on Friday, July 21st. ValuEngine upgraded shares of WesBanco from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Finally, DA Davidson upgraded shares of WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. WesBanco presently has an average rating of “Hold” and a consensus price target of $41.60.
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, 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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