WesBanco Inc (NASDAQ:WSBC) Director Denise H. Knouse-Snyder purchased 1,575 shares of WesBanco stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $41.44 per share, for a total transaction of $65,268.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at $82,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of WesBanco Inc (WSBC) traded down $0.26 during trading hours on Thursday, reaching $40.75. The company had a trading volume of 10,057 shares, compared to its average volume of 98,750. WesBanco Inc has a 52 week low of $34.81 and a 52 week high of $43.25. The stock has a market cap of $1,817.67, a P/E ratio of 18.95, a PEG ratio of 1.41 and a beta of 1.00. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89.

WesBanco (NASDAQ:WSBC) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. WesBanco had a return on equity of 7.83% and a net margin of 22.43%. The firm had revenue of $96.12 million for the quarter, compared to the consensus estimate of $98.48 million. During the same quarter in the prior year, the business earned $0.59 EPS. equities research analysts anticipate that WesBanco Inc will post 2.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.55%. WesBanco’s dividend payout ratio (DPR) is 48.37%.

Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in shares of WesBanco by 24.8% during the 3rd quarter. Wells Fargo & Company MN now owns 253,728 shares of the financial services provider’s stock worth $10,408,000 after acquiring an additional 50,406 shares during the period. Earnest Partners LLC grew its holdings in shares of WesBanco by 0.8% during the 2nd quarter. Earnest Partners LLC now owns 1,509,418 shares of the financial services provider’s stock worth $59,682,000 after acquiring an additional 11,643 shares during the period. Deprince Race & Zollo Inc. grew its holdings in shares of WesBanco by 1.1% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 632,741 shares of the financial services provider’s stock worth $25,955,000 after acquiring an additional 7,149 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of WesBanco by 3.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 187,975 shares of the financial services provider’s stock worth $7,433,000 after acquiring an additional 7,113 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of WesBanco by 76.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 19,029 shares of the financial services provider’s stock worth $753,000 after acquiring an additional 8,236 shares during the period. Hedge funds and other institutional investors own 59.24% of the company’s stock.

A number of research analysts recently issued reports on the company. DA Davidson set a $48.00 price target on WesBanco and gave the company a “buy” rating in a report on Thursday, December 21st. Boenning Scattergood restated a “hold” rating on shares of WesBanco in a report on Friday, October 20th. BidaskClub downgraded WesBanco from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. Zacks Investment Research upgraded WesBanco from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Saturday, January 6th. Finally, FBR & Co set a $40.00 price target on WesBanco and gave the company a “hold” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $43.00.

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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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