Integrated Investment Consultants LLC Holds Position in WesBanco, Inc. (NASDAQ:WSBC)
Integrated Investment Consultants LLC held its stake in WesBanco, Inc. (NASDAQ:WSBC) during the second quarter, Holdings Channel reports. The fund owned 3,159 shares of the financial services provider’s stock at the end of the second quarter. Integrated Investment Consultants LLC’s holdings in WesBanco were worth $125,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new stake in WesBanco during the first quarter valued at $132,000. Eqis Capital Management Inc. bought a new stake in WesBanco during the first quarter valued at $219,000. Raymond James Financial Services Advisors Inc. raised its stake in WesBanco by 7.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,783 shares of the financial services provider’s stock valued at $220,000 after buying an additional 419 shares during the period. Karp Capital Management Corp bought a new stake in WesBanco during the first quarter valued at $254,000. Finally, SG Americas Securities LLC bought a new stake in WesBanco during the first quarter valued at $267,000. Hedge funds and other institutional investors own 56.95% of the company’s stock.
WesBanco, Inc. (WSBC) opened at 39.79 on Friday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 18.44 and a beta of 0.94. The stock’s 50 day moving average price is $38.55 and its 200-day moving average price is $39.89. WesBanco, Inc. has a one year low of $29.78 and a one year high of $44.19.
WesBanco (NASDAQ:WSBC) last issued its earnings results on Tuesday, April 18th. The financial services provider reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. WesBanco had a return on equity of 7.57% and a net margin of 23.39%. The company had revenue of $93.60 million during the quarter, compared to the consensus estimate of $94.82 million. During the same period in the previous year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities research analysts expect that WesBanco, Inc. will post $2.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 1st. Stockholders of record on Friday, June 9th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.04 annualized dividend and a dividend yield of 2.61%. WesBanco’s dividend payout ratio is currently 48.15%.
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Several research firms recently weighed in on WSBC. BidaskClub upgraded WesBanco from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Zacks Investment Research upgraded WesBanco from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, March 29th. ValuEngine upgraded WesBanco from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Stephens restated an “overweight” rating on shares of WesBanco in a report on Tuesday, April 11th. Finally, DA Davidson upgraded WesBanco from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $40.20.
In related news, EVP Gregory A. Dugan sold 8,000 shares of WesBanco stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $40.72, for a total transaction of $325,760.00. Following the completion of the sale, the executive vice president now directly owns 13,051 shares of the company’s stock, valued at approximately $531,436.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Brent E. Richmond sold 5,000 shares of WesBanco stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $40.86, for a total value of $204,300.00. Following the sale, the executive vice president now directly owns 23,302 shares of the company’s stock, valued at $952,119.72. The disclosure for this sale can be found here. Insiders own 4.05% of the company’s stock.
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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